Refinancing Home Loan Advice - Go with Variable?

Fat Horny Ghost on 17/05/2023 - 07:06
Last edited 17/05/2023 - 07:15

Hi,

Currently rentvesting and have a fixed loan of 1.94% with St. George is expiring in August so will need refinance.

Waiting for broker to give recommends but seeing what deals might be around

Overall market sentiment seems to advise to sit on variable rate until rates go down, as RBA suggests it's close to peak for time being. But who can trust them?

What are some good variable P&I loan deals that others have been recommended or come across? Which banks are good for variable? Seem like cashback offers are being taken away

Looking to invest in another as bank valuation show they have grown a bit

Was looking at non-flooding areas in Annandale, Townsville but many warn about the high insurance.

Thanks :)

Financial Home Loan Loan

Comments

  • JafferMoney on 17/05/2023 - 08:57

    Need to know the $$$.

    Rates can be quite varied depending on loan amount.

  • Duckie2hh on 17/05/2023 - 09:26
    -1

    Variable, interest only, with offset at bank of Melbourne. Is your best bet. Last I checked they were offering $4,000 cash back.

    • happydude on 17/05/2023 - 10:58

      All major banks are withdrawing cash back offers. If there is any still available now is the time.

      Once the majors withdraw the smaller banks won't be far behind. CBA and NAB have finished them.

      There have been articles this week in The Australian, AFR and this one on the mighty news.com.au

    • Fat Horny Ghost on 17/05/2023 - 16:49

      I don't qualify for there's, saw a mortgage broker post about their deal here which seemed good but thanks for recommend

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