Hi All,
Like to find out any good reputable lenders, which have a good interest of passing back interest rates cuts to the consumers each time RBA announces a cut in interest rates?
Do not wish to borrow for Lender A at this month because it has the lowest variable, after a few more cuts by RBA, Lender A becomes the worst Lender for her highest variable, by not passing back the interest rates cuts to the consumers.
Company has tied ups with CUA, and colleague recommended St George Bank. Thinking to go to a broker and listen what they have to say.
Any kind comments would be much appreciated.
Cheers
NitNot GE Money.
If you are locked in with them they are holding rates at 7.5%+. Not good foe +CFDMM
The Dragon otherwise known as the fee fee Bank is a great one if you want to be charged for everything you do.
The Banks products have changed dramatically over the last 6 months or so since they have been owned with Westpac and certainly we would struggle to find a reason to use them these days.
I guess we would all like to now who is going to be the cheapest lender over the term of the loan but without a crystal ball that is difficult. In the current environment it is more of a matter of getting the loan over the line first with a competitive product and suitable structure as the cheapest lender today may not be tomorrow.
So many smaller lenders such as CUA do not have a complete suite of products and you might find what is suitable for your needs today you grow out of with the next property.
A good mortgage broker will be able to advise you on how to structure the loan and ensure that it works for you and not the lender.
Richard Taylor | Australia's leading private lender
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