All Topics / Finance / A.Bank 6.60%

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  • Profile photo of Mobile MortgageMobile Mortgage
    Member
    @mobile-mortgage
    Join Date: 2003
    Post Count: 913

    For a limited time Adelaide Bank have reduced their great saver product rate to 6.60%,

    $300K max & 80% max LVR, no ongoing fees and free electronic redraw. No external refinances.

    Regards
    Steven

    Mortgage Broker

    Mobile Mortgage Market
    Ph: 0402 483 216
    [email protected]
    http://www.mobilemortgagemarket.com.au

    PLEASE note comments made should not be taken as specific taxation, financial, legal or investment advice.

    Profile photo of tom1000000tom1000000
    Participant
    @tom1000000
    Join Date: 2003
    Post Count: 74

    A stupid question….

    What does “external refinance” mean?

    Thanks

    Profile photo of Mortgage HunterMortgage Hunter
    Participant
    @mortgage-hunter
    Join Date: 2003
    Post Count: 3,781

    It refers to a refinance of a property from another lender. This is the plum business – no purchasing involved and a repayment history is available. It also brings in new business cheaply.

    Simon Macks
    Residential and Commercial Finance Broker
    ***NODOC @ 7.15% to 70% LVR***
    [email protected]
    0425 228 985

    Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.

    Profile photo of tom1000000tom1000000
    Participant
    @tom1000000
    Join Date: 2003
    Post Count: 74

    It seems taking the loan off another lender would be the best deal for Adelaide Bank.

    If that is the case…. why do they say “NO external refinances.”????

    Profile photo of Mobile MortgageMobile Mortgage
    Member
    @mobile-mortgage
    Join Date: 2003
    Post Count: 913

    That’s a good question Tom,
    Unfortunately logic does not always prevail when it comes to policy, however there is usually room for negotiation. Cheers.

    Regards
    Steven
    Mortgage Broker

    Mobile Mortgage Market
    Ph: 0402 483 216
    [email protected]
    http://www.mobilemortgagemarket.com.au

    PLEASE note comments made should not be taken as specific taxation, financial, legal or investment advice.

Viewing 5 posts - 1 through 5 (of 5 total)

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