We currently have a loan with St. George and pay 12 months interest in advance in June. Tax returns are done promptly and we receive a good return soon after. Love St Georges product but wondering who else offers interest in advance as we are considering a refinance (for another property)?
Thanks so much Richard. St George can offer 4.49% fixed for 5 years….and if IIA is paid, there is an additional .2% discount bringing it to 4.29%. Anyone you know doing better than this on IIA? Is there something else the lenders call IIA? I find it very difficult to find the product….Obviously not looking in the right spot….or using the right people. :-)
The offer you have is really good. Most are at 4.39%, though I can’t confirm that StGeorge offer 0.2 further discount for IIA-I’d double-check that with them.
I think the loan can be fixed for a period of 5 years, however I believe that a maximum of 12 (or 13) months interest in advance can be paid at a time. We currently have a 3 year fixed loan with St George and have been paying IIA for the past 2 years.