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  • Profile photo of sparklysparkly
    Member
    @sparkly
    Join Date: 2003
    Post Count: 3
    August 27, 2003 - 11:20 pm

    Hi, Wizard home loans also do 10 year interest only terms, maybe you pay for the privilage in the interest rate (6.22%). We are just newbies with little knowledge and didn’t think this was too high. We took the 10 years to give us plenty time to make decisions about our strategy. Sure getting the gist of things from this forum – thanks, Sparky

    Profile photo of sparklysparkly
    Member
    @sparkly
    Join Date: 2003
    Post Count: 3
    June 17, 2003 - 11:35 pm

    Hi fallout and others, long time-too busy to visit!
    With regard to dealing with banks or insurance companies interstate because there is not a branch in your state, I personally have no problems with it because most business is conducted over the phone or with paperwork anyhow. The only drawback I guess is no face to face opportunity if you need it. In SA, most claims etc are direct to Sydney or Melb anyway and with 1300 phone numbers and fax it isn’t even costly or time consuming.
    Cheers – Sparks

    Profile photo of sparklysparkly
    Member
    @sparkly
    Join Date: 2003
    Post Count: 3
    May 15, 2003 - 1:38 pm

    Hi fallout,
    My point was that going direct to the insurer does not neccesarily guarantee the best price! Read on…

    My insurance quote did not include buildings (that is paid by strata corporation).

    My quote was:
    contents ($5,000) $25.64
    public liability ($10,000,000) $27.48
    loss of rent ($7,800) $9.00
    rental default & tennant theft $79.37
    TOTAL $141.49

    Australian Central Credit Union included gst, stamp duty & fire service levy in the basic premium and did not charge extra for them as Adelaide Bankand others I rang did, hence the $59 difference.

    There is no membership to pay of course and you must have an account with Australian Central which isn’t so bad in terms of charges/fees etc anyhow.
    I actually took their quote to Adelaide Bank who agreed to match it which I preferred because I already have accounts there.

    Its just nuts that there can be such a variance through different agents like the banks and credit unions when they are selling the same product.
    (I accidentally deleted my reply so sorry if this doesn’t make sense tonew readers)[:D]

Viewing 3 posts - 1 through 3 (of 3 total)