Investment home loan interest and principal fixed 3 years term

Ldavidavid26 on 05/05/2018 - 13:04

Hi all Ozbargain experts,

My partner and I have an investment property with loan amount around $500,000 (80% of the property value) and rate 3.99% at the moment.
We have been doing some reading here and known that some banks/brokers are able to provide rate around 3.7% with $800 rebate. We were going to give Joust a try but they only do variable rate and we prefer fixed rate. We were wondering if any of you are able to shed some light on their experience or make some recommendations?

Our scenario is:
• investment property
• interest and principal loan
• 30 years loan
• loan amount around $430,000 to $500,000 (70% to 80% of the property value)
• prefer rate fixed 3 years

Many thanks in advance!

Financial

Comments

jug123 on 05/05/2018 - 18:18

3.99 is a good rate for and investment loan at the moment. Not sure you'll get 3.7 for an investment even with P&I
- davidavid26 on 05/05/2018 - 18:30
  
  Thanks for reply. We have been reading a lot here, there is a post mentioned 3.75% too
  
  https://www.ozbargain.com.au/comment/5804010/redir
uraha on 05/05/2018 - 20:04

I was quoted 4.29 from CBA for investment loan at 450k last week
- davidavid26 on 05/05/2018 - 20:29
  
  There are definitely some better rates around, here is another post
  
  https://www.ozbargain.com.au/comment/5807228/redir
  - uraha on 06/05/2018 - 19:19
    
    Thanks for the info!

Investment home loan interest and principal fixed 3 years term

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