Browse Forums Home Finance Re: Need a 100% offset loan 13May 13, 2008 10:05 am The new Defence home loan subsidy scheme came out and we only have a choice of 3 lenders which limits it a bit.
We narrowed it down to NAB and Defcredit. I would prefer the NAB overall (features are better) I was looking at their Choice loan package and they discount their interest rate by .5% I was hoping for a .7% reduction do you think it is worth checking with them? If you did would you do it by calling or walking into a branch? Re: Need a 100% offset loan 14Jul 02, 2008 6:42 am Banks are holding off approving of these types of loans because of the current credit crunch, unless you have a very good credit rating, it'll be hard to get one. Re: Need a 100% offset loan 15Oct 18, 2008 1:54 am Yak_Chat Many brokers are scrambling week to week to get a sale - hence they are not really knowledgable about what is best for you. I've used a broker once several years ago and i refused to do his recommendations and found better by myself. Steve Yes unfortunately the type of broker you talk about gives the whole lending profession the reputation it has. I hear a lot of mortgage brokers are returning to their old trades after the recent cuts in commissions. I was recently at a professional development seminar for home loan consultants and one guy boasted about his ability to wrap the whole application process up in under 30 minutes at the first appointment. You can only guess what level of support he provides his unfortunate customers if that is the depth of his interaction with customers. Yes, I had already tried searching those. In the end I am fabricating my own. 4 4158 The biggest challenge will be if you take out a loan and then run out of money - you'll have an incomplete security and lenders do not like this so you can get stuck.… 2 19068 That sucks! Hope it all works out. Good to move away from steel anyway for all your reasons, but it's also thermally poor. 16 17774 |