Found this…nice low rate…check their other products too….worth a shot…LVR @70%
Loan amount: $50,000-$500,000
Purpose: Owner Occupied
Application Fee: $440
Establishment Fee: $0
Valuation: $250 Or actual cost if not paid on application lodgement
Legal Fees: $330
Annual Fee: $0
Settlement fees: $130
Sandwich. Yum
Is it definitely spam?
Damn, I'm with reduce and we're only on 3.88. No ongoing fees is good though, still better than any of the banks.
Note, if this is the same deal I have then the exit fees are quite high - definitely some lock-in going on.
Don't happen to know what the exit fees are off the top of your head do you?
IIRC it was $750, whereas most banks are about $250.
That 70% LVR…..
Good deal. I had a look at this the other night and it was the cheapest offset account on the market.
Canstar has a good calculator where you can see the savings by switching loans. Of course, you can't predict how each company moves their interest rates in the future.
nowhere on their website does it say that it is an authorised deposit taking institution - how can it offer an offset account if it isn't
So if I want to refinance, does that mean I need to pay whatever fee to exit (if any) from my current financier, then pay Reduce Home Loan $440+$250+$330 = $1020?
yes. You'll probably save that much each year by going to a cheaper lender, but if you're already with cheap lender then it might not be worth it.
yes
Thanks for the replies, was not too sure as I haven't done refinance before.
I'm on 4.3% investment. Would need to reduce premium to move to home owner. Worth going with this?
Auto-correct hasn't done you any favours. Care to rephrase this question?
SPAM