What are mortgagors doing now that the Big 4 have all advised that they are hiking their Interest only rates.
I'm currently with ANZ and my rate will be raised to 4.55% for a 80% LVR I/O loan. It is 3.9% until sometime in July, when the new rate will take effect.
I've only had the loan for under a year as it was a refinance to ANZ, so have already copped some fees for the transfer to ANZ, and looking for some suggestions on who offers good I/O rates - and some recommendations from other OZBargainers
Any Mortgage brokers - happy for you to PM with your offerings (any based in Perth preferred)
Thanks
Switch to P&I as they are lowering rates here