Good ending to this saga…managed to squeeze in a 0.77% breakfree package for current PPOR and new investment supplementary loan…settlement tomorrow.

I've just had a chat to the bank manager, I'm even MORE stuck with unfortunately not too much time to do anything about it before next Wednesday's settlement.1) First pricing request for the current PPOR $180K loan…not only are they not waiving fees, they're only giving me 0.5% discount as compared to the 0.7% I'm currently getting. He said they…[Read more]

Asked specificlly to my broker again if he can help and he said he can't help.I understand there's nothing in it for another broker to assist. If any broker is open to assisting nonetheless, it will be appreciated.

alien wrote:
I've just done this and went through a broker. Not sure why they said to go direct????

It's starting to look like I chose the wrong broker…not interested in after sales support where other brokers would provide after sales service eventhough they don't receive any commission for it.As this sort of swap does not benefit a new…[Read more]

Qlds007 wrote:
So much for Bank brotherly love.Your Broker should be able to get these waived for you.

Hi Richard,I didn't go through a broker back in 2002 and did direct with the bank manager I mentioned above.The broker I went with for my recent purchase told me these switches between P+I to IO is something I need to go to the bank…[Read more]

Just got off phone with bank manager. It looks like apart from $350 reneg fee, I will need to start paying $5 fee per month for the loan. Also, he needs to also get back to me from pricing to see if my 0.7% discount will still remain.

Hi Richard. A big thanks for providing me the reports. I'm very grateful for them just like all others you're assisting, especially considering the numbers you're processing. Cheers. Michael.

I've been thinking overnight…I may be better off paying the LMI on the IP to help with maximising negative gearing?Also, I got a real bargain for the IP (private sale, vendor did not market well) so the actual sale price is not reflective of market value. Is there a possibility of getting a lender to value the property or do new loans always use…[Read more]

Thanks for your reply!!! I was going to do this myself but it seems my situation requires a broker! A few questions and full info on my situation:1) Purchased a place for $600K where I will be renting it out for minimum 5 years before I'll move there through rebuild or extension. Ok with that noted need to make sure you structure it properly.What…[Read more]

Thanks for the suggestions that allows me to further explore.Missed out on auction over the weekend so will continue looking.Not sure if it's the right time to find a place at the moment with prices close to record highs in Melbourne.