Hi there,
I'm looking to refinance my existing mortgage of 417k ( investment property) and borrow an additional 600k for my own home. This would tip me over the 1 mil mark.
Does anyone know what kind of discount I should be able to haggle?
My existing broker reckons he can get 0.8 off the standard variable rate from Homeside lending….does that sound about right? Or does anyone know of better option/deal?thanks
Matt
For over a Million you may get 0.9%.
Remember not all lenders have the same variable rate. 0.8% off may only actually be 0.7% off the Banks SVR is higher than most.
Richard Taylor | Australia's leading private lender
Hi Matt,
There's always a better option, depending on who you talk to. Homeside has good products but a .8% discount with them will equate to 8.22% pa. Over 1 million dollars in loans i should be able to get you as little as 8.12% pa with a 100% offset account and no on going fees. There are few lenders who will get below 8.2% pa.
regards,
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