Hey guys,
I'm currently with Westpac with a LVR ~72%. They're offering 1.85% for 3 years and no annual fees - would that be a good deal?
Home Loan Rates - Fixed
Kidaway on 14/09/2021 - 12:24
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The answer will depend if you have car insurance.
if interest rates go up yes
if they stay the same yes
if they go down maybe not
if you want to pay the loan back early or refinance no
Speak to a mortgage broker?
When you say they are offering, do you mean they have offered to you? Because the new advertised rates were not for their existing customers. I am with Westpac. I would at the drop of a hat take 3 year fixed at 1.85% without any package fees. But, I would suggest that you check with Westpac first.
No annual fees might be without the package which would mean no free offset…
offset generally doesn't apply to a fixed rate homeloan.
There are only 3 institutions i know of that are doing this product - Bendigo, TMB and Adelaide Bank.ANZ also offer it, though only on the 1 year fixed rate product.
Yes - they offered it to me after some negotiation to and from - took their offer at 1.85% 3 years with no annual fees.
would that be a good deal?
Compared to what?
Don't get a home loan. Put it all on black. Doubling your investment in 5 minutes is a better return.
- Results not guaranteed
I have spent $5000 putting $50 on number 13 each spin 100 times.
It never came up once. Odds of this are 6.94 %.
Putting it on black would have been a better bet.
Fixed
Was it ever broken?
Yes, they were being over-charged
Repeat the question in (say) 2 1/2 years for a definitive answer
Thanks guys :) Would be good if there's a thread where people share their current offer so we know if it's a bargain or not.
Is it a good deal? Yes.
Is it the best deal? IDK
Kidaway, it is a good deal.
It’s competitive. Not sure anyone here would be able to tell you how suitable it is for you without knowing more about your circumstances.