Terryw wrote:
No you have a right to ask. I was just curious because you said you couldn't afford it!

Sure, I prefer to avoid it if i can…

Terryw wrote:
 Are you saying you cannot afford $15.80?

Terry, it's not the question about affording or not……i can afford 5K doesn't mean i pay that 

it's about the logic behind fees getting charged for the same loan, balance, same security….if in the past same process was handled within branch by same lender without full application…[Read more]

Thanks Tom….

I am just surprised that by changing the P&I to IO with the same loan balance could trigger this Title search fees ( curious to know the logical reason for it……)can't avoid this fees anyway

Regarding Loan amount, it is not the accrued interest either, my loan balance is 219xxx.xx, but the loan docs says 220K (seems like…[Read more]

thanks Jamie…..

virgininvestor wrote:
Hi,

Thanks guys for the feedback thus far,

Its a unit so only needed contents and rent cover

I got quotes from AAMI and RACV and from a few brokers eg. emi? and terri scheer

The ones from the brokers were all around $255 and the ones from AAMI and such were a little higher $ apox 300

The brokers had contents for 45-50K…[Read more]

Hi Jamie,

Yep, I am not changing my loan amount….but should i be worried that on loan docs the amount it stats is different than my actual current balance….I had asked my broker but he said that's fine…I am not sure on this as well cause I am signing on this legal paper accepting the new loan amount…..

what about fees is it normal on…[Read more]

Hello Barney,

Pls note that I do not have any exp with Folio Invest, but can advise that when i was thinking about PI in early stage, I came across Folio Invest and got interested in their offerings.

I had consultation with them over the phone and decided against it  (after 2 weeks on thinking and lots of reading from this forum) my reasons were…[Read more]

god_of_money wrote:
CBA will come into full functional "offset"  account in August.. 

CBA is the leading lender in Australia… not sure why so many people choose CBA?

I am with ANZ Breakfree.. and they charge me A$ 10/month for > 1 offset account

god_of_ money,  can you pls confirm if ANZ is charging this 10/month for > 1 offset…[Read more]

Hi Catts,

I checked this every month for all of my loans…..happy to say that never found any mistakes…..but i prefer to do it regardless…..

It also gives me understanding how much offset is saving me on interest for particular month……and how long will it take based on offset savings to pay off the loan etc….

Cheers

Hi,

I am not sure if Jamie is referring to these links, but checkout the below link….

1) http://www.interestguardian.com/ ( I think this is free)
2) http://www.interestguardian.com/ (this needs software)

I normally do the calculation every month, but i prefer to do it my excel spreadsheet.

cheers

Hi Jamie,

You views on below pls….

Quote:

That's a decent rate anyway – I wouldn't worry too much. It's hard to get a 1% discount with them these days. Not like 18 months ago when it was the norm.

Cheers

Jamie

I agree with Jamie (1% disc through breakfree package) is very good rate. I am also with their breakfree package but not…[Read more]

Jamie M wrote:

god_of_money wrote:
I tried to do "price match" recently with ANZ Mortgage retention team. They are aware of bluffing tactics  (ie. asking payout figure).
My current rate is 5.4 % (1% disc through breakfree package). They declined to drop it further.

That's a decent rate anyway – I wouldn't worry too much. It's hard to get…[Read more]

Congratulations Jamie & Family……..enjoy your most precious time….

Terryw wrote:
To keep it simple, so you had a $100,000 loan for an investment property. You thought you would save interest by parking your $20,000 savings in the offset/redraw. 1. If it is an offset You pay interest on $80,000. This is fully deductible You later take out $20k to use as deposit on the new PPOR you will buy. Interest on the loan…[Read more]

Terryw wrote:
Is the offset account an offset account or a redraw account called an offset? There could be a big effect if the loan is investment related.

Hi Terrry,

I am interested in your update….what effect will it have if Investment loan has offset or redraw account linked to it..

Cheers 

Terryw wrote:

s0805 wrote:

Jamie M wrote:
Just had ANZ do 5.44% on similar numbers.

Cheers

Jamie

Hi Jamie,

No luck with the negotiation. ANZ advised unless if I increase my lending to 700K they can't consider any discount.

Any other suggestions guys…..

Cheers

Write to them and ask for a payout figure because you are moving your…[Read more]

Jamie M wrote:
Just had ANZ do 5.44% on similar numbers.

Cheers

Jamie

Hi Jamie,

No luck with the negotiation. ANZ advised unless if I increase my lending to 700K they can't consider any discount.

Any other suggestions guys…..

Cheers

thanks a lot guys…..will give them a buzz and keep you posted on outcome. 

Thanks Jamie, I am after the rate deduction. Should i just call their mortgage services and say that my broker has advised that they can get me better deal and to see if they can match it or not. The impression i got from branch is that i need to do pricing application.

sorry have never negotiated like this with lender……

Thanks all for your response…..

Personally, I would prefer to stay with my existing lender and the structure i have setup (to avoid all the trouble).

Jamie, I m with ANZ as well, but not getting what you recently received. How you guys think i should progress with

1) do requesting pricing from lender will affect the Credit file
2) don't mind…[Read more]