Looking for a House Loan Bargain

newbiesh on 21/01/2017 - 02:51

fellow bargainers i would like to purchase my very first house and i'm totally new to this, i was searching around and found that Bank Australia used to have a really good offer few months which has expired now :(
https://www.ozbargain.com.au/node/272572 (Basic Home Loan 3.60%p.a.)
wondering if there is any offer close to this ? should i wait for couple of months for a bargain as this one ?

Financial

Comments

  • StewBalls on 21/01/2017 - 07:44

    The best advice I can give you is to get a mortgage broker…they can really help simplify things for you.

    • newbiesh on 21/01/2017 - 12:02

      i did.
      they've got me ING bank with rates of %4ish

      • StewBalls on 21/01/2017 - 16:15

        If you find a better deal, take it to them, they'll likely match…be mindful of comparing like with like though, a lot of advertised rates can look attractive until you read the fine print, check comparison rates thoroughly before choosing.

  • chumlee on 21/01/2017 - 08:17
    +1

    You want to wait for a bargain home loan?? Maybe get the house sorted first as interest rates can change at anytime

    • StewBalls on 21/01/2017 - 09:32
      +2

      This.

      Just ask the people who've been waiting 10yrs for the "bubble" to burst… ;)

  • Masterpupil on 21/01/2017 - 11:18

    I'd be surprised if you could find better than that 3.60%. Rates have gone up since then. I'm with uBank which was the lowest I could find at the time I entered into the mortgage and its 3.84%. If you have 20% deposit then you should be able to get the lowest rate from someone like UBank or Bank Australia.

    • newbiesh on 21/01/2017 - 12:02

      yes i do have the 20% i will have visit their branch

    • Steptoe on 22/01/2017 - 06:52
      +2

      Rates Margins have gone up since then.

      fixed 💩

  • Gunther on 21/01/2017 - 20:12

    loans.com.au 3.59% variable with offset

    reduceloans.com.au 3.44% variable with offset

    Best I can see at the moment.

    • newbiesh on 22/01/2017 - 03:28

      thanks buddy

    • newbiesh on 22/01/2017 - 03:30

      one question whats the downside of getting a loan from these new companies than not these giant banks like commonwealth, ING etc?

      • Gunther on 23/01/2017 - 09:32
        +1

        No actual branch to walk into is probably the main one. In return that is how they keep costs down.

        • virhlpool on 26/01/2017 - 01:10

          ING doesn't have any branch either though.

      • casho on 08/02/2017 - 11:50

        As long as the internet banking is good I don't see why you'd need a branch.

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