#InterestRateDiscussion #MortgageQuestions #VariableRate
Hey everyone! π I’m curious to know, what is your current variable interest rate on your mortgage? I’m specifically interested in the interest rate, which lender you’re with, and how much you still owe on your mortgage. Let’s share some insight and help each other out! π‘
Here are a few things to keep in mind:
– I’m not looking for information on fixed rates, just variable rates
– Providing this info could help others in a similar situation
Let’s start the discussion! What are your thoughts? What do you think is a possible solution for finding the best variable interest rate? Let’s chat! ππ¬
To add to this…when did you get the current rate you are on
6.29% a few weeks ago on $820k
Variable of 5.99% with RAMS. Have been with them for 2.5 years, started on 1.14% (wish we locked in).
RAMS have dropped 0.50% since November last year. – 0.25% when asked and a second time randomly from branch manager.
Mortgage is pretty manageable with $420k on the capital. ($2,599.00 a month).
6.34% Bankwest $950k
Just finished discharge paperwork this morning
Going to UpBank 5.95%. (LVR 76%)
6.04 with ING for the variable portion. 2.09 for the fixed potion till Jan 25. Stupidest financial mistake I made was not fixing the entire amount. Oh well, what can you do now!
6.04% PPoRΒ
6.33% Investment
Β
Both P&I Wpac.Β
6.09% ING
Is been about a year since I last called them to see if they could do anything about it, I think it was still on 5.84% at that point. They didn’t do anything then and looking online at comparison rates it’s pretty stock standard so we’re just riding it out.
$300k left on mortgage, started at 2.49% or thereabouts in Jan 2021.
6.12 CBA with offset and redraw 75% LVR
18months into the loan, variable 5.71% with Auswide, redraw, 989k loan, 722k remaining, LVR 35%.
6.09 with $395 annual fee for package/offsets. Bank of SA
Im with ANZ – 6.64% 79% LVR after purchasing just 10 months ago.
I just emailed them last week about a rate adjustment and they came back saying they can reduce it by 0.10% to a new rate of 6.54%.
Is that reduction normal? Seeing other people with ANZ are way lower, I feel a bit slighted.
I went back saying Westpac is offering me 6.25% (they are) but can i even expect ANZ to lower it further?
6.04% with offset – westpac
6.34% with ING but pretty much offset so donβt really care to shop around or query with them.
I just refinanced a property at 6.96% but keep in mind itβs an investment property and also interest only, so itβs bound to be a bit higher.
5.99% var HSBC
People need to qualify with their LVR.
Me: LVR: 67%, Variable: 6.120%, PPOR, CommBank
5.97% with CommBank and with offset.
PPOR 40% ish LVR Split loan
Variable 6.41 CBA
Fixed 3.69 CBA ends 03/2026
6.9% interest only with Macquarie.
Going to refinance by the end of the year.
5.95% Up Bank. No strings attached
5.88% with Adelaide Bank since last year Sep. Was a tad lower before then.
9.14%. One of us had poor credit score, only way we saw a way forward to fix the score.
5.89%, two weeks ago
7.04%. AMP. $8000 owing
9.5% I think. Don’t care, fully offset
5.66% – Although quite unfair as I get a decent discount through work.
A billion percent. Thatβs how it feels anyway.