All Topics / Help Needed! / reducing interest rates

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  • Profile photo of saleesalee
    Member
    @salee
    Join Date: 2008
    Post Count: 4

    Hi guys,
    I am looking to buy my first property and have been looking at different banks for better deals. What would be some ways to get the bank to agree to reduce their interest rates? Has anyone done so, and what would be the best way to achieve that? And does the bank take anything else in return for their discount?

    Profile photo of rgarreffargarreffa
    Member
    @rgarreffa
    Join Date: 2008
    Post Count: 9

    borrow more.  The more you take the lower the rate generally.  It is still all within guidelines.  Especially now with the credit crunch they are not really going to be too flexible.

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