Browse Forums Home Finance Re: Finance advice needed - REF, Offset 3Sep 02, 2009 11:06 am Trent Bartels Residential & Commercial Finance Broker A & B Financial Solutions ...Solutions for your future info@abfinancial.com.au http://www.abfinancial.com.au Re: Finance advice needed - REF, Offset 5Sep 09, 2009 1:36 am In relation to you wanting to pay the broker, I would offer you this to think about. If he / she was doing there job correctly in the first place, they would have asked your requirements on Offset / Investment into the future to see what other products would be suitable from other institutions. I work for a major bank as a mortgage innovator and it is not often that if a customer calls a deal off with me to go to a competitor, that they will offer a token payment because I couldn't get the deal through at the right rate or product. My suggestion is not to pay the broker. They have not done the transaction so should not be paid. Perhaps you should be considering other things other than just the interest rate. Flexibility is the key especially if you plan to use the property as an investment later down the track.. On a loan with a major bank on the amount you are borrowing you would receive a discount of .60% off the standard variable for the life of the loan. Do the sums again on that basis not just the short term. The rates that you quoted seem to suggest you pay more upfront for the first 5 years and less after that State Custodians, seems a little odd. What are the exit fees if you exit within the first 5 years. Other things to consider, traditionally smaller institutions are quick to put up interest rates when the RBA moves rates but slow to bring them down when they reduce. However the bottom line is 30K in your pocket is better off than in the banks/ lenders pocket. Yes, I had already tried searching those. In the end I am fabricating my own. 4 4158 you were just referred to get advice from your solicitor. This is a legal matter. Separately, why would you use a buyers agent for a house and land package? 3 55312 Hi All, I engaged a tradie to install concrete retaining wall 600-800mm high over 32 meters in Victoria. Sleepers are 200*75*2000 mm installed over 17 steel posts. I… 0 6895 |