Hi I am looking for a variable rate home loan with 90% LVR or little less.
Any deals going on at the moment? Would love a rate of around 3.8%.
Thanks,
Calvin
Any Good Home Loan Deals at The Moment?
axlfan on 25/05/2017 - 16:11
Last edited 07/07/2017 - 11:23 by 1 other user
Last edited 07/07/2017 - 11:23 by 1 other user
Comments
So far for a 905 LVR they seem to have the best rates. Will give them a call.
broker here.
And I'll just leave this here.
https://www.loans.com.au/
https://www.suncorp.com.au/banking/loans/home-loans/basics.h…
My broker just secured 3.8% fixed for 2 years at ANZ.
PM-ed you re Naritas.
Thanks mate will check out.
I just went with loans.com. currently 3.54 w/20% dep Have no clue about the LVR
I was a difficult customer, as I have foreign income. They just took it in stride and did not hold it against me like the other "banks" did.
The process was pretty straight forward but there were a few added costs. Like paying for the home inspection (about 300.00, I think) and about another 500.00 for misc other costs.
Loans.com.au is hands down the best if you have 20%….
I recently renegotiated my HL rate. 3.99% Int Only 100% Offset. That's the best in the market I believe because everybody else penalizes you for having interest only.
For that same bank, 3 years at 4.11% Int Only.
Would you mind saying which bank this is with?
Citibank but i am Citi Priority customer so try anyway coz they always like new business.
^ +1 for private banking rates at Citigold & Citigold Select.
3.63%p.a. for both investor interest only and o/o P&I.
Definitely worth checking out for anyone that meets their qualification criteria as we have a promo that provides $2000 cashback upfront for qualifying Citigold mortgage borrowers (at this rate).
It's arguably one of the best investment interest only rates on the market (if not the best).
Yep that’s an extremely good rate. My interest only with NAB on owner occupied was 3.95% and they just jacked it up to 4.3%.
Definitely need to look into Citi and what their qualification criteria is for private banking.
Are you happy with them and their internet platform? How about fees? I assume they have a package fee similar to the big 4.
their qualification criteria is for private banking
You need to invest at least $250,000 with Citibank outside of the mortgage. NB: Private Bank offers are typically aimed at high net wealth individuals with income in excess of $250,000p.a..
Are you happy with them and their internet platform?
Satisfaction ratings (like NPS) with Citigold and Citigold Select are very high. These divisions were purpose built to deliver higher levels of client satisfaction than the standard Citibank customer offerings.
How about fees? I assume they have a package fee similar to the big 4.
No application or monthly/annual fees are applicable under this offer.
If you wanted further information please send us a PM so we can provide you the relevant links (Ozbargain site rules prevent us - as brand reps - from posting links in forums).
Hope this helps.
@naritas: at the moment, best offer is NAB with 3.69% fixed rate. I'm not sure if naritas have special rates for NAB.
Hi Pyramid, that NAB 3.69%p.a. 2 year fixed is definitely a great offer :) In fact, it has been one of our most popular fixed rate products since it was released in April. For anyone interested we have a promo for it listed on our website - if you can't find it please send us a PM (as posting a link to a forum thread is prohibited for brand reps).
NB: That 3.69%p.a. 2 year fixed pricing is targeted to first home buyers under standard policy at NAB. For refinancers, discounts yielding that kind of pricing may be granted ad hoc to borrowers with highly robust applications (but not are not automatically publicly available under standard NAB policy).
We are mortgage/finance brokers :)
PS You were still right in pointing out how good a deal you got, as your rate is genuinely excellent.
Our comment was a hat tip to your find & the fact that the various premium divisions of Citibank (Priority, Gold, Gold Select) are doing some really solid pricing at present ;)
Are you happy with them and their internet platform? How about fees? I assume they have a package fee similar to the big 4.
Many has spoken about Citibank Customer Service and how terrible they are.
In general if you don't have any problem, they are excellent. Having said that, whenever I called them I never had to wait for long (like within 2 minutes 100% all the time). Maybe this is the Citi Priority thingy I am not sure.
Most importantly, this is the 3x I have renegotiated the HL rate in the last 12 months and they never declined. Sure they may not give out the best like Naritas' 3.63%, but I am happy at 3.99% for Interest Only in this punishing climate. None of any other banks do this.
So I am happy with them… for now. :-)
Their internet platform is very good. Yesterday I went to ANZ internet banking and I noticed they don't have PENDING transactions (for CC) and since I bank with CItibank, they do have PENDING transactions so the moment I swiped, it's there. ANZ, not so.
The only thing about Citibank you must remember is that it is branchless (they are exiting retail banking as I understand but HL will still be there).
The fees charged is $350 for Professional Package (Mortgage Plus they called it). You get a free credit card for that except Citi Select (now called Citi Prestige) but that card is now horrible as s**t.
My broker offered me 2 options:
3.59 variable p+i with morgage ezy
3.79 fixed p+i with suncorpI am still deciding on which one to go with. Any thoughts? Does anyone here have experience with mortgage ezy?
Bad reviews on mozo dude…
https://www.google.com.au/url?sa=t&rct=j&q=&esrc=s&source=we…Tread carefully.
This makes me feel that I'm overpaying with Heritage at 4.13% discount variable rate. I have under 80% LVR too. I'm going to look into loans.com.au. Given the costs to refinance (settlement fee, valuation) I will first speak to Heritage about renegotiating my rate… any tips? Do you just contact your bank and ask if they will match the other?
Is your loan Owner's Occupied or Investment loan? If Investment, that rate is already decent. If OO, yes you can do better.
PM-ing you about Naritas too.
Thanks, it's owner occupied, so will be looking around.
Can I have a PM too? cheers :)
Hi tajid, could you please pm me about Naritas too? Thank you =)
PM-ed.
Just wondering, what are all the costs to consider when refinancing a loan?
Hi TAJID,
Could you please recommend a home loan product for a first home buyer with the best interest rate.Also please PM Naritas too.Thanks in advance CheersPlease call Naritas. I did not go with them due to some other reasons but they are awesome!
Your pm is off, don't thinkanyone can pm you haha
Is bank of sydney 3.80% variable interest with offset account is a good deal?
70% LVR
I'm looking for 80% lvr.but unable to find similar product with a bank.
Hi Kmithin, the Bank of Sydney product you mentioned is definitely available at a headline interest rate of 3.69%p.a. at 80% LVR. In fact, it is an extremely popular product at present due to its sharp pricing combined with the fact that you get a fully transactional offset account that comes with the Commonwealth guarantee on deposit funds.
Bank of Sydney is presently incentivising low LVR borrowers, so you can get that 3.69%p.a. with no annual fee at up to 70% LVR. 70-80%LVR there would be a $395 annual fee that would apply.
It is worth bearing in mind, however, that if you arrange the loan via Naritas you may be eligible for an upfront rebate of up to $1500 - so this ought to help alleviate most concerns to do with switching costs & fees for the first couple of years.
Hope this helps.
As a BoS customer, I can say that once set up it is a great HL product. No fuss loan with all features (offset ac, credit card with cashback).
So if you have 30% equity go for it.
This product carries a $395 annual fee making it dearer up to 70% LVR than BOS and a price equivalent to BOS 70-80%LVR.
However, what could make the offer interesting may be the acceptability of non-major city metro collateral (which is a prerequisite for BOS mortgage applications under the offer discussed above).
Hope this helps.
will BOS consider gold coast or brisbane as metro post code?
My concern is that they may start increasing the rate individually. Auswide Bank has guarantee 1.74% disc for the life if the loan against var rate
will BOS consider gold coast or brisbane as metro post code?
Only suburbs of Adelaide, Melbourne and Sydney are considered 'metro' under standard policy for the purposes of the BOS promotion referenced above. That said, we've seen collateral (attached to robust credit applications) accepted ad hoc in other major cities in months past.
My concern is that they may start increasing the rate individually.
Unfortunately this a concern with variable products in general (issued by any lender). The only way to reliably remove this concern is to select a fixed rate loan with a 'rate lock' option.
That said, we have had substantial experience with BOS since they started accepting submissions from brokers (commencing approx 2 years ago) and we have not seen such behaviour by them nor have we had any remarkable feedback from our mutual customers to this effect.
NB: Auswide Bank is also on our lender panel. They have a 'rate tracker' product designed to 'track' the average of the big 4 standard variables. It is more expensive than the product you mention but may provide some comfort if this is a major concern for you and you still wish to have a variable rate product.
Auswide Bank has guarantee 1.74% disc for the life if the loan against var rate
The BOS promotion referenced above is, similarly, providing a life of loan discount from the standard variable rate.
Hope this helps.
Recently got an email from State Custodians with their current offer that I thought was reasonable: https://www.statecustodians.com.au/low-rate-home-loan ; 80-90% LVR = 3.79%. Includes 100% offset account and no ongoing fees