Hi guys,
I am looking at refinancing my PPOR- 230,000 loan for a better rate currently 5.64 IMB.
Just wondering if anyone knows of a good broker or loan i should be looking at ?
Thanks
Best to sit down with a broker and determine what features you need such as an offset or redraw and ensure that their policy aligns with what you want to do with the property at a later stage.
If you are just looking at rate then AMP and Macquarie have a good basic product at 5.11% and 5.19% respectively with no ongoing fees. If you need bells and whistles then Macquarie does 5.19% but you pay a package fee of $395.
TheFinanceShop | Elite Property Finance
http://www.elitepropertyfinance.com
Email Me | Phone MeResidential and Commercial Brokerage
Thanks Shahin
I found a product through AFG are they a good company to go through ?
Thanks
What's the actual product?
Don't just focus on rate – doing so can be costly in the long run.
Cheers
Jamie
Jamie Moore | Pass Go Home Loans Pty Ltd
http://www.passgo.com.au
Email Me | Phone MeMortgage Broker assisting clients Australia wide Email: [email protected]
AFG is my actual aggregator and I do put deals thorough them on their direct line product. Is a decent product however it isn't conducive for people wishing to turn PPOR's into IP's down the track (i.e. they don't allow IO on PPOR's), but it may work for you depending on your circumstances.
Like other have said, need to go through what you want to do with your property/future goals before deciding.
Cheers
Tom
I think Mike is referring to the Advantedge loan badged thru AFG Homeloans.
Nothing wrong with the product at all but as the boys have mentioned make sure it meets all of your goals and objectives both now and in the future.
Cheers
Yours in Finance
Richard Taylor | Australia's leading private lender
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