Browse Forums Home Finance Re: What's your mortgage interest rate? 37Jun 01, 2010 9:39 am With the CBA MAV package your variable rates are discounted by between 0.4% - 0.7% depending upon how much in total lending you have with them. The 0.15% discount applies to the fixed rate loans. Having said that by the rate you are quoting you are getting the maximum of 0.7% if your rate is 6.66%. All of the majors and some of the non majors offer these professional packages which charge an annual fee of between $120 - $395 per annum for which you get NIL establishment fees when setting up the loans, NIL fees moving forward, nil fees on credit cards that you put under the package, nil transaction fees in transaction accounts, 100% offset accounts and a range of other discounts of insurances, personal loans etc. The main difference between them all is what the valuers will value your property at (Equity) and how much lending they will give you for the same income (Servicing). They are generally a good way to go if you are looking for low rates combined with full featured lending - not a great deal of difference between them all - minor rates difference and package deals - but nothing worth moving your lending over as the costs would outweigh the savings plus you also then have the inconvenience of moving all of your banking connections such as accounts, direct debits and credit etc. So you are on a good package that will continue to save your money over time and work with you in the future. Re: What's your mortgage interest rate? 38Jun 04, 2010 9:53 pm 6.68% wealth package CBA, no fees Land - Northerly Estate, Piara Waters Titles Issues 05 April 2010 Building with Ross North Homes Prestart Completed 12 April 2010 Finance Approved 01 May 2010 Slab down 29 May 2010 Frame Completed 28 June 2010 Roof Completed 22 July 2010 Lockup 12 August 2010 PCI 24 Sep 2010 Handover 08 Oct 2010 Building Thread https://forum.homeone.com.au/viewtopic.php?f=31&t=32295&start=0 Thanks mate. Yeah good points! Leaning towards Option 3 to get a bit extra space in the cabinets but not going too crazy high (and expensive). Would require a mini… 13 40947 Broker here - legislation says that every true broker must put the clients best interests before theirs so in theory they must offer you the best options for you on their… 2 46387 The worst thing you can do is sign a building contract without a pre contract review. Over the years many people have come to me with disputes where they just signed… 0 8806 |