Finding the best interest rate can depend on your situation and the exact complexities of the application. If you are looking only at finding the best rate you may loose out on other features required or even worse have an application made that will most likely not be approved. In most cases balancing this through a broker will achieve your outcome, Also, look at comparison rates as the initial rate may be quiet good, but there may be large fees and charges that mean your actual rate with the fees over the life of the loan is much higher than something else that could have been better. Give me a call on 04****44 or send me your details and I will run you through a possible rate that you would qualify for based off your circumstances.
Interest rates are officially now going to be ridiculously low!Let us know if you would like (complimentary) help with researching, structuring and applying for the most appropriate and cost-effective mortgages available!MichaelMobile number: 04**** 469
If you like to get a good interest rate then you need to try with one of mortgage brokers. They are having many banks information and ability to compare loans not only on interest rates but total cost.
Mate, if you have a good record with your bank then don't hesitate to negotiate hard with them on rates. I did with my bank and they matched the lowest price to keep me. Don't be afraid!
Very useful information. Thanks Julie and Sachin for your help. I will get back to you soon to see what you can offer me. Still searching for a property!
Hi Scott, best interest rate does depend on the loan size and LVR (amount you are borrowing against the property). For instance most lenders today if borrowing up to 80% of the property value will offer a lower interest rate or if borrowing over 90% will offer a premium interest rate. Most brokers will be able to assist you and depending on the loan size and LVR should be able to negotiate with the lender for an improve rate. Please give me a call if you would like to discuss Julie Clift W: 02****8979 (www.****luti****.au)
Small banks can offer a lower rate but wont trust them when it comes to providing service. If you are someone who has always got a question for the bank, then i would suggest to pay extra 400-500 a year and get service from a major bank. Also look out for annual fee, monthly fee, settlement fee, valuation fee, discharge fee, restructure fee, fee on everyday accounts , credit card etcCall me if you want to discuss further. 04****01
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Scott
Thanks All! I have now engaged a broker from here who is already helping me with the loan. Love the prompt and detailed responses :) Cheers, Scott