0 Followers
Our home loan is 50% variable and 50% fixed….. and the fixed term is about to mature. The variable rate is 4.39% and they have offered 2 years at 3.99% and 3 years at 4.09% or make it all variable. Are these the best rate available on a 620k loan?
Responses
Hi Kathy
No the 4.39% is too high
If your loan value ration is below 80%
3.64% is one of the banks I can obtain for you
Even on he fixed rate I can obtain lower
Mark
0410442936
Hi Mark - the property is around 875,000 so yes it would be below 80%. 3.64% is that variable and what would the 2 and 3 years fixed rate look like
Thanks
Kathy
Hi Kathy
Yes that would be a variable loan principle and interest
Also I have another 3 banks all Indranil 3.7%
Fixed rates can vary but 2 years at 3.72% and 3 years at 3.83%
5 years though is great value at 3.98%
Mark
0410442936
Hi Kathy,
You have already said the loan would be under 80% which is great, I also assume this is for your owner occupied loan.
Depending on any credit history issues, your income and expenses and the type of property, you really should be able to get under 3.75% for variable and for fixed
Feel free to give me a call on 0435.474.498 if you would like and I can discuss any other factors that you will need to consider
Best of luck
Scott
.