Gidday! Harv and welcome to Australia when you eventually arrive!

To answer your questions:

1. Yes you are correct, that Interest Only is based on a ‘Simple Interest’ calculation. 5 years Interest Only is common among most lenders however, there are other lenders such as ANZ that provide for a 10 year Interest Only term. You should be aware that…[Read more]

My apologies Dean, I left out;

“I think what Richard is referring to is the current Suncorp offer http://www.suncorpbank.com.au/home-loans/genuine-offer …..”

Hi Dean,

I think what Richard is the current Special that Suncorp is offering at 4.74%pa and $375 annual fee waived which expires next week 20 February 2015 pre RBA 0.25% rate cut i.e. 4.74% – 0.25% = 4.49%.

<moderator – delete advertising>