Came across this online.
Seem like a good deal for a fixed rate loan!
Fixed 3 Year Home Loan Rate at 5.99% Newcastle Permanent
50
huntress_love on 03/11/2011 - 16:59 newcastlepermanent.com.au (369 clicks)
Last edited 03/11/2011 - 17:36
Last edited 03/11/2011 - 17:36
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hefty I would say….7% comparison rate
there's a $500 establishment fee for starters…
yeah, but intrest rate might be higher after the three years is over giving it a higher comparision rate.
if you moved your money again in three years (would have to pay lawyer fees etc) then it should be lower…
unless ther eare other monthly fees etc as well although
the no offset/redraw is a killer for me though… i usually have extra money on the loan in case of emergency and usually live off the credit card and pay it off at the end of the month - putting my pay straight in the loan.
tell me which fixed loan that got redraw facilities? variable yes, fixed always no.
We've been with the Perm for years and won't go anywhere else.
We've shopped around and been with others in the past, but we'll stick with them. There are other options than this deal (and no, I don't work for them).
This seems too good to be true. Most of the variable loan rates from the other banks are higher than this..
Not really. Lots of fixed rate home were around 6.3% before RBA announced rate cut. So looks like most other banks will follow similar trend …
Variable rates are around 6.6% now.
Whenever I had looked at fixed it was always more than the variable or at least on par. Basically your taking a bet that the rates go up so you win. But this is lower so you instantly save. Based on that rate I'd be $300/month better off, just doesn't seem right to be that much of a difference. Worth a look though.
This used to have a $1,000 cashback offer (ended 31st October), which was a killer deal. The best rate in the market for 3 yrs fixed is from Better Option (less fees also), though obv a far less reputable lender.
rates are going to drop more… im not locking anything.
How much are the fees though ???