afternoon all,
was just on the internet looking at some home loan deals but all have high exit fees anyone know of any easyier exit plans/ ideas????
cheers (the new comer)markyeah – I do.
Me too – I assume exit fees are a problem because either a) you want to do a quick buy and sell or alternatively pay the loan out in full within a couple of years? (If not, what is the problem?) Or 2) You have only been looking at discounted cheap loans – which of course with the time and effort lenders and or brokers have to go to to actually process a loan and get it established at a much cheaper rate than the banks, surely you can see why they don't want you to 'use them' and walk after 6 mths. Most standard variable rate loans only have a token exit fee. Maybe that is what you are after? What are you aiming to achieve with your loan? That makes a big difference to the whole scenario. Food for thought. All the best.
AND…welcome to the forum!!!!Beware of the non bank lenders who may have cheap rates but high fees.
Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
http://www.Structuring.com.au
Email MeLawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au
cheers chaps
well last year the rates went beserk going up on both of my i p loans and looking to exit them to find a better deal! currently with st george interest only 7.35% variable an wetpac 7.32%variable exit fees about 800-1000 each!!
found afew cheaper ones but there exit fees "they take your eyeballs out" if you swap after a year or 2!!!
anyone know any better ones?can international banks lend you a loan any comments??mark
AND…welcome to the forum!!!!
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