I'm looking for advice in regards to our mortgage. Going off our original mortgage LVR 2 years ago, we were at roughly 94% LVR and paying LMI. Going off a recent valuation, we would be sitting around 65%. We are currently paying 3.14% variable with St.George. Would anyone recommend Athena or TicToc due to their low rates or is the application process cumbersome?
Any advice would be greatly appreciated.
I am just finalising refinance with Homestar. The application process I feel is somewhat drawn out because they kept asking for new documentation rather than all the documents needed up front and it took a few months. But then again, this is the first time I am refinacing, so I don't really have a benchmark, maybe refinancing normally is a drawn out process especially if the financial institution doesn't know you.
We've negotiated with St George before. Show them examples of better rates from other decent, relevant providers and they should be willing to match (or at least reduce) the rate for you.
3.14 is quite high! TicToc is now at 2.14% now after the rate rise and their application process is fairly easy. Their offset account ($10/mo with Adelaide Bank) is ADI guaranteed but the internet banking facility is incredibly bad.
ANZ made their cheapest variable 2.29% yesterday (70% lvr)
This is a post rate rise offer.
Contact St.George first.
Tell them ANZ is offering $4000 cashback and 2.29% variable and you would like if they can offer anything. If they can't, request a discharge form.
I am with ME bank, called for an unrelated reason the other day and randomly got offered to drop the variable portion interest rate to 2.51 🤷♀️ Maybe check them out.
The only downside is their website & internet banking sucks.