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  • Profile photo of frankzanfrankzan
    Member
    @frankzan
    Join Date: 2006
    Post Count: 2
    May 12, 2007 - 2:20 pm

    Hi Daryl,

     

    The Wizard Rate Breaker product offers excellent value. It is an ongoing rate; however, the loan offers little flexibility.

     Pros

    Low rate

    Cons

    No extra repayments

    No lump sum repayments

    80% LVR

    Cannot be used for investment property
    Limited loan features

    If you want something similar with more flexibility contact me

    Frank

    [email protected]

    http://www.smartsearchfinance.com.au

    Profile photo of frankzanfrankzan
    Member
    @frankzan
    Join Date: 2006
    Post Count: 2
    May 12, 2007 - 1:38 pm

    Hi GSJ ,

    Technically Terry is correct, however, your LOC refinance application will most likely be affected. 

    Your application with NAB or CBA will be registered on you credit file. Unless you withdraw your application from CBA then Westpac is going to question your application for finance and this will ultimately affect your LOC application.
    Frank

    [email protected]

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