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OK, what about the stamp duty? I think as Owner Occupier you get some stamp duty discount in Queensland. Do I owe the state Government some extra duty now?
Thanks for the info It seems there is not much benefit in portable loans, and it also seems like it is not very common for loans to be transferred. The person looking after my application says it is the first time she has done a loan transfer. My lender charges a fee for valuation, but does not charge any application fee. So it seems my only saving is the home loan stamp duty.
Cheers,
AndersBRight-o, thanks for the advice. It should be all sweet then.
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