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Wladek

1 week ago

It is always a good idea to review your loans especially in the current market conditions. When a Bank/Lender have a special rate they will invariably make that rate available to "new lending only" so that would exclude existing loans. Going back to ING to re-negotiate may be an option but my question would be, why has your current Lender not looked after you better in the first place ? With the help of a good Broker I would look at what is available on the market now and get the Broker to do the numbers for you in terms of interest saving versus cost of refinancing. You could still be better off refinancing. A good Broker should be able to show you further strategies to pay off your home loan sooner. Wishing you all the best !

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LEZLI

1 week ago

Hi Jane. Can do 3.56% variable. Please contact me via my Profile page & I can help you. thanks. Lezli

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Daniel

1 week ago

Hi Jane - to the point - There is a special for o/o at 3.59% and investment at 3.89. Let me know if ING can beat this. Regards

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Chris

1 week ago

Hi Jane, There is a lot of competition for owner occupied loans at present, and the market is improving for investment loans. It is a good time to reassess your current loan arrangements to see if there are better deals out there that can improve your financial position. I am happy to spend the time with you to work through the options. Kind Regards Chris

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Danny

1 week ago

Hi Jane - I have a fantastic offer due to end the last day of December for clients that have a home and investment loan combination. If you have a fixed home loan, I'd recommend finding out the break costs to determine whether refinancing will be a viable option.

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Chris

1 week ago

HI Jane, 1st thing to do is work out what your short and long term plan is and stick to it, ask ING what they can do for you on an principle and interest payment basis and change the payments to fortnightly and increase the amount you are paying in. There are current variable investment rates available around the 4% mark. IF ING get close to that rate, it may not pay to move banks as the moving costs will outweigh the interest savings. If in doubt give me a call and we can go through the numbers and check to see what your options are and if its worth while restructuring etc. Regards Chris.

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Guy

1 week ago

I agree with both Alan and Suresh. I will depend on your current loan style. Is it Fixed for investment and the term you took. Also are you wanting to renegotiate another fixed term or go variable if that is the case. ING are good for OO perhaps it may be better now to split the lenders if the properties are cross collateralised. Weekly to monthly is a smart move for the non deductible loans (owner occ loan)

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LEE

1 week ago

Hi Jane. Let’s try get a better deal with your current lender. Failing that, don’t worry I’ve got your back. We will hunt around on your behalf for an awesome deal! I’d love a chance to do this for you and my team won’t let you down. Check out my reviews (via profile) before you decide :) Look forward to sorting it for you, fast and painless! Lee

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Allan

1 week ago

Hi Jane, thanks for your question. I'm assuming that by saying that your investment loan is due to renew, that you mean that it is on a fixed term currently. My advice is that it is always better to speak to your current lender first to see what they can offer as you will have fees associated with moving your lending, both from your outgoing lender & potentially from the new one. ING are still fairly competitive when it comes to the owner occupied lending.

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Suresh

1 week ago

In the interest of doing right by all, I would assist the client by negotiating their home loans with existing lender in this instance ING . Also to deepen client relationships I would help them reassess their loan repayment cycle to weekly from monthly and if their goal is to pay down P&I loan then advise them to pay more on a weekly repayment to help save on interest& reduce loan term, thus aligning it to their individual financial goal

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