Not being a broker anymore and not really keeping up with the market place. Who has the cheapest LOC? It can’t be part of any package and must have all the bells & whistles with no monthly or annual fees
State Manager
Wholesale Mortgage Lender that deals only with brokers.
20 years in Finance Industry
Why does it have to be a LOC?
Robert Bou-Hamdan
Mortgage AdviserANZ’s is 7.32% normally, but depending on the amount, there are discounts on their package of up to 0.70%.
Macquarie also have one (MEC) at 6.75% for amounts over $300,000.
Terryw
Discover Home Loans
Mortgage Broker
North Sydney
[email protected]Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
http://www.Structuring.com.au
Email MeLawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au
Terry, MSE is actually 6.75% over 300k.
Robert Bou-Hamdan
Mortgage AdviserThanks Rob
Terryw
Discover Home Loans
Mortgage Broker
North Sydney
[email protected]Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
http://www.Structuring.com.au
Email MeLawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au
Companion Credit Union has the cheapest line of credit I know of at 6.7%.
Cheers,
Cameron Perry
Accredite Mortgage Consultant
F.R. Perry & Associates
Ph (03) 9662 1999Hi Cameron,
What is the minimum loan amount for that rate and are there any ongoing or annual fees?
Robert Bou-Hamdan
Mortgage AdviserMinimum loan amount $50,000
Monthly Admin Fees $10
No application fee for loans above $100,000
Cheers,
Cameron Perry
Accredite Mortgage Consultant
F.R. Perry & Associates
Ph (03) 9662 1999Sounds like we have a winner. I don’t have dealings with CCU so I never knew of this product. I will have to get accredited!
Thanks for the info.
Robert Bou-Hamdan
Mortgage AdviserThe new RAMS product may also have a bit of mileage.
Cheers Richard
richard at castlewhite.com.au
Email me for details of our Qld wrap CD which gives you a full Installment Contract.Richard Taylor | Australia's leading private lender
Been doing a bit of research today. Yes Home Loans has one 7.09% minimum $50,000. Can have up to 4 splits. no monthly or annual fees. App fee $395
State Manager
Wholesale Mortgage Lender that deals only with brokers.
20 years in Finance Industry
Homeside, 6.62% No strings to 250k then 6.5% 250k/500k.
We are all made from Stars.
According to my Homeside interest rates the Peak perfromance product 7.47% <150K & 7.27% >150K.
Cheers Richard
richard at castlewhite.com.au
Email me for details of our Qld wrap CD which gives you a full Installment Contract.Richard Taylor | Australia's leading private lender
I understand Richard, but the old saying is “it isn’t what you know, its who”! I just wrote the loan for a mate of mine.
We are all made from Stars.
Salubrious, you are dreaming. HomeSide would not do this rate on a standard loan or LOC. Qlds007 is spot on for LOCs.
Their lowest variable rate is 6.76% and lowest 1 year fixed intro is 6.39%.
Why don’t you post your company name, your name and contact details so I can send you all my old clients??
I personally think you have an old rate sheet and missed the last two or three increases. I would love for you to prove your ‘claim’.
Oh yeah, if no-one believes me, check the Cannex website as they have nothing even close to this ‘claim’.
Robert Bou-Hamdan
Mortgage AdviserOriginally posted by The Mortgage Adviser:Salubrious, you are dreaming. HomeSide would not do this rate on a standard loan or LOC. Qlds007 is spot on for LOCs.
Their lowest variable rate is 6.76% and lowest 1 year fixed intro is 6.39%.
Why don’t you post your company name, your name and contact details so I can send you all my old clients??
I personally think you have an old rate sheet and missed the last two or three increases. I would love for you to prove your ‘claim’.
Oh yeah, if no-one believes me, check the Cannex website as they have nothing even close to this ‘claim’.
Robert Bou-Hamdan
Mortgage AdviserI have nothing to prove to a Mortgage Broker/Manager nor anyone else for that matter, I simply answered a question. Once again, for the hard of hearing 6.62%.
Oh,and before I forget, is it your right to lable me a dreamer for quoting a lucrative deal that has been contracted between myself and a mate? You know nothing about me, nor who I am, would that be fair to say?
I hope this topic is locked before your slander goes any further……….
With respect to “personally”?
I dont care what you think, theres always someone out there that can out-perform you and me put together so deal with it.
We are all made from Stars.
Not a matter of out performing anyone.
Robert and I just dont believe you.
Cheers Richard
richard at castlewhite.com.au
Email me for details of our Qld wrap CD which gives you a full Installment Contract.Richard Taylor | Australia's leading private lender
That’s OK
We are all made from Stars.
How sensitive are you? How can anyone consider ‘dreamer’ as an insult? Screaming “slander” is also ridiculous. See my comments for what they are… merely challenging your ‘claim’.
You stated 6.62% under 250k and 6.50% up to 500k. I have very strong contacts in HomeSide and I know this cannot be done. Regarding there always being someone out there better, I do not doubt this but that person has not been found today.
I discovered long ago that much of what is stated on the internet is untrue. I also discovered that those who hide behind a screen tend to scream ‘abuse’ when challenged to prove claims they make.
The difference between you and I is that I can support comments I make with fact and I do not hide behind a screen. I am not abusing or slandering you salubrious – I merely think you are dreaming when you believe you wrote a Line Of Credit recently at those rates through HomeSide regardless if it was a friend or employee of the company.
Robert Bou-Hamdan
Mortgage AdviserWould you send me some business if I can prove it Rob? Also, I would like for you to pay for my next night out on the town with some clients as a wager, is that fair?
We are all made from Stars.
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