Heard on the radio that an owner/occupier paying principal and interest should not be paying more than 4%. Found out I was so I rang ING and after stuffing around on the phone a bit I got them to take an additional .5% off, I already had .37% discount so now my rates is 3.99%.
I am on 3.75% so yes you are still overpaying.
Who is that with?
ANZ Bank
Sorry to bother, are you on fixed, or fully variable with ANZ? Reading this thread, pretty sure I'm being ripped off :(
I'm on negative 20% so you've good a very bad deal indeed
3.87% here. Plan to refinance to ubank once I have paid down my mortgage a little more.
Sensational title!
Or how much you'd get off squeezing a boob or two.
i read this as sensational tities .. i blame OP for the sexual innuendo..
I thought the new normal was 3.8%, don't have a loan atm, but shopping around.
3.68%… I win
Username checks out
Just rose to 4.1% but $0 annual fee with free 100% offset.
Yeah pretty curious as to how much others pay per month/year for the lower rates.
3.65 with reduceloans.com.au 0 fee with offset and debit card
OO PPOR variable rate started 80% LVR at 3.56, bumped to 3.69 then renegotiated down to 3.65
Mine could probably do with a good squeeze too.
3.62% first home, 88% LVR
3.82% with NAB after some asking
I'm on 0%
Are you on fixed or variable? Mine is 4.45% variable, 100% offset 🤔
Mines is on 3.84 variable 100% offset with a big 4. You can definitely get a better offer (< 4 at least) just need to ring them up and ask.
Annual fee?
I got it waived but it'd be around 300 if not.
fuhhhk. Mine was 3.9% when I got it last year, first year waived by ANZ but $400 yearly fee. 3 months later, got a letter in the mail saying rates rising to 4.45%. Not sure if I have any bargaining power as I wont be able to leave for a while without fees..
how big is your loan ?
ok, sydney … >500k ?
< 500, < 80% LVR.
Variable with offset and redraw (not sure why we have both but we do)
3.54% Homestar FInance
That is a killer deal, I'm going to submit and enq.
How long have you been with them?
5 months now - they're doing a "best" rate for 3.49% if you borrow at 70% LVR
Hey mate, sorry to ask an a relatively old thread.
I’m with NAB and they have just hiked my rate up to 4.23%, which I’m not happy with at all.
I have a small loan, under $250k, so my negotiating power is minuscule.
How are you finding homestar? The rate is bloody compelling with the 100% offset as well, but the lack of app and average internet banking worry me. What’s it like transferring money out to a bank that actually has an app? Is it instant, or a 24 hour thing
@johnno1987: Hey mate, well it's been 8 months now that I've joined them and so far there have been no changes to my rate.
Yes you're right about the lack of app and mediocre banking they employ, website can definitely use with a touch up. Nonetheless, they use ANZ as their banking solution, you just have to deal with a slower and featureless webpage that's all.
No payid so don't expect real time transfers. Account for T+1, which isn't a huge deal breaker.
@eclaw: Thanks for the reply.
NAB suggested a split loan with 3.89% fixed, 4.23% variable. But it will cost me an extra $8 a month, as it is treated as 2 loans. So $16 a month fees, but only 3.89% interest as my offset covers the variable, and I keep my 2 fee free premium credit cards.
I think I just need to grow a pair and make the switch!
ING Homeloan here, was 3.90. Threatened, filled and signed the discharge form, they called back and agreed to reduce my rate to 3.69%
Does that include an offset?
That's pretty good so you gotta deal more than just threaten over the phone
im with variable loans.com.au - 3.62%, comparison 3.64%
I tried threatening to leave CBA in 2014and they didn't care. So I went to ME (4.29% which was a good rate for 2014). I threatened ME to drop the rates and they didn't care and went to Westpac (3.7%). I fix my mortgage and it's up again next year so I'm sure I'll be changing banks again (which is a shame because I really enjoy the perks of Westpac's black card).
3.99% Guarantor + 100% Offset via a Broker. Fairly happy considering our Guarantor needs.
you are still overpaying. currently on 3.89%