Advice on Refinancing Home Loan
Just needed some advice on choosing the right lender for refinancing.
My house is now worth/valued at 700k and I owe 530K on the loan.
I would like to borrow 560K in-order to consolidate some debts, which still doesnt go into the LMI category.
With my situation of 80%, I have lot of lenders as options, so really confused who to go with
Commbank - 4.55% on variable (20%) and 4.94% on fixed (80 %). yearly fee is $400
Break cost comes up to 5000 dollars
I have considered Macquarie bank as my option now, but not confident.
I have also created a poll for options in regards to breaking the loan
22Go 100% variable - Rates will go down
1380 % Fixed and 20 % variable - Good time to fix