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Firoz

5 months ago

Andrew, More than the rate & fees I can make the process totally stress free for you. Ask me how?

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Glenn

5 months ago

Hi Andrew, There a more factors to finding a loan and interest rate than meets the eye as you need take into account your deposit and upfront fees and if you have a deposit that is less than 20% lenders will tier their interest rates. For example if you have only a 5% deposit and you don't qualify for the first home owners grant and stamp duty exemption of concession, you will need to have funds for upfront costs on top of you deposit. The interest rate you want may not be the one you qualify for as lenders at this loan to value ratio of 95% plus lenders mortgage insurance to 99% loan to value ratio means a higher rate than advertised. This is one example and the best thing to do is speak with a experienced broker have your whole financial situation assessed and what you lenders you can proceed with? There are a whole lot of factors that need to be looked at before a lender or rate can be proposed to you. I have access to over 40 lenders and over 20 years experience in Finance and Property Sector, I help a range of different people and their unique financial situations and have been doing this for years. If you need to know how you can proceed and move towards your goals, please get in touch as you have nothing to lose as most broker's services are free of charge to clients? Kindest Regards. Glenn Rowan

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Milan

5 months ago

Hi again Andrew, please note the rate you're referring to is fixed for 1 year and it has a comparison rate of 4.47% which is the more comparative rate, not if you're across this but it is the actual rate plus fees involved servicing this home loan and more. Hence, in my view not the most competitive and this is where your banking preference comes in and goals and objectives. Some of the most competitive deals at the moment are actual of 3.59% and comparative rate of 3.96%. Again, I'd love to help out just let me now via visiting my profile. Cheers, Milan.

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Iva

5 months ago

Hi again Andrew, the lowest rate I dare say almost every broker on here can offer is 3.56% P+I. I can always negotiate a loan package for you so you don't have to pay any ongoing fees, which often provides more savings than interest rate. Feel free to give me a call, I'd love to help you and your wife out and get you the best deal possible.

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Andrew

5 months ago

After talking to my wife last night, she said it was Greater Union who is offering the 3,49% home loan. Does anyone have access to this?

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Joe

5 months ago

Hi Andrew, I know everyone is chasing the lowest interest rate you do need to keep in mind interest rates do change so you need to focus your attention on loan structure this is what is going to pay off your home sooner. If you have the right structure in place you will pay thousands more of your home loan compared to the lowest interest rate. You can bring down the loan period from 30 years down to 15 years or more. I hope this helps.

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Jason

5 months ago

Hi Andrew, as everyone has mentioned it's hard to know if you qualify for a rate special before going over your both your financials and goals and objectives. The first step is to find a broker to calculate your Borrowing Capacity as well as ascertain your goals & features of the loan. I'm happy to assist you with this. Please send me a message and a convenient time to be contacted if interested. Either way, best of luck with the new purchase. Regards, Jason

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Milan

5 months ago

Hi Andrew, hope you're well and congratulations on making a move into the property market. Unfortunately it would be hard to say what exact rate can be offered. The reason why is that it depends on your goals and objectives. See the conditions on the rate you have or you wife found might not be streamlined with your expectations and this is where I/or any broker can confirm the difference. See if the loan offer you received consists of low or no fees, includes offset account and redraw and so on. This is all discussed in a quick one to one meeting assessment which I can provide you with obligation free. So feel free to inquire further on my profile and I'd be happy to chat and let you know the most competitive offer I can provide. Note I specialize in First Home Buyers and much more. Best wishes, Milan.

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Wilfredo

5 months ago

My advice is to contact and discuss first with an experienced Loans Broker who can guide you based on your current financial situation and can help get the best rate available. Wilfredo

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Wilfredo

5 months ago

My advice is to contact & discuss first with an experienced Loans Broker who will guide you, based on your current financial situation to help get the best interest rate available. Wilfredo

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Iva

5 months ago

You're welcome Andrew. It's just my job to make this simple for you and get you a great deal that you and your wife deserve.

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Andrew

5 months ago

Thank you very much Iva. We are finding the process of getting a loan alot more stressful than what we imagined.

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Iva

5 months ago

Hi there Andrew. I think you'll find every broker on here can offer the exact same rates, however, the crazy low advertised rates of 3.44% often come with strings. Have a look at my profile and give me a call so we can have a proper chat about it. I specialise in dealings with First Home Buyers and pride myself on making the process as seamless as possible - which includes giving you the best deal! Chat soon. Iva R.

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Matthew

5 months ago

Hi Andrew, Thanks for your question. I noticed that you are first time property buyers in Sydney, this can be a very stressful and emotional time for you and your partner. In my experience when a lender offers crazy low interest rates like this the time it takes them to assess the loan usually increases. You really don't want this to happen if you are buying a home, you are going to be stresses enough as it is. If you are looking to buy a property in the Sydney property market you need a lender with a fast assessment time. Ideally a lender who will accept the contract price of a purchase and not need to do further valuation. You need to work with a mortgage broker who will guide you through the first home process, provide you with access to a lender who will help you establish a loan that will allow you to achieve your short and long term goals, and achieve for you a balance of competitive interest rate, with a lender who you qualify for. Good luck on your journey, I love working with first home buyers, and if think I may be of assistance to you please sing out. Matt.

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Mitch

5 months ago

Hi Andrew, maybe you can let me know who's offering this rate so I can move my own home loan to them! Just a bit of kidding around there mate but on the serious front to get the best rates on offer you need to have a minimum 20% deposit and tick a whole lot of other boxes. If it were that simple none of us brokers would have jobs! I'm happy to help you find the best value deal out of the options available to you if you need it...

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Glenn

5 months ago

Hi Andrew, Without looking at your whole financial situation and information I can't make that assumption? I suggest have a broker look at your situation and let them help you with what you can do instead of guessing, as guessing isn't good practice and I would never guess or make assumptions. The best thing to do is have a broker look at your current situation and provide all of the relevant options and borrowing capacity plus expenses such as Lender;s Mortgage Insurance if you don't have a minimum 20% deposit plus costs to complete the transaction? You can then make and informed and educated decision on how to proceed and who with? Kindest Regards. Glenn

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Andrew

5 months ago

Hi Kelvin. thanks for that. We have both been saving for a while. Obviously the bigger the deposit for the home loan the better right? But what would you say is the right amount to use as a deposit?

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Julian

5 months ago

Hi Andrew, thanks for your reply, Best rate i have access to is 3.56% this would be purely for an Owner Occupied, Principal and Interest repayment type, and max LVR of 80%

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Andrew

5 months ago

Thanks for the detailed response Glenn. All of that makes sense. Is there any reason my wife and I would not be able to get a loan that has been advertised for 3.44% though?

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Andrew

5 months ago

Hi Julian, my wife told me that it was with the great bank I think. What is the lowest rate you can offer?

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kelvin

5 months ago

Understand you want the best rates - I see rates from 3.59% - but - that not important if you are not able to service based on INCOME or DEPOSIT. I recommend you see a broker who can provide all the options.

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Glenn

5 months ago

Hi Andrew, I hope you're well and thanks for your question? Advertised rates aren't always the best way to determine what lender or product to go with or apply for. Loan to Value ratio and all fees and charges need to be examined as well? There are factors that need to be looked at when looking for the right loan and the above plus your credit file and score are also factors that determine eligibility along with income and expenses. What I suggest is get in touch through my broker profile and I can look at your whole financial situation to see what you can proceed with and this doesn't mean an application is be submitted as you will have to provide direction to proceed with an application and this happens once you know how to proceed and with which lender. The lowest rates are available on HashChing are shown and the rate you have mentioned isn't available on here at present. Which lender is offering this rate and check all the details to make sure you are eligible? I hope to hear from you otherwise good luck with your journey? Kindest Regards. Glenn Rowan

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Julian

5 months ago

Hi Andrew, Which lender is offering that rate? I might be able to source it for you.

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