Don't pay the advertised mortgage rate

Discussion in 'Loans & Mortgage Brokers' started by Tropo, 20th Aug, 2008.

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  1. Tropo

    Tropo Well-Known Member

    Joined:
    1st Jul, 2015
    Posts:
    2,303
    Location:
    NSW
    20/08/08
    Don't pay the advertised mortgage rate

    Anyone paying the banks' indicator variable mortgage rate of 9.45 per cent is being taken advantage of.
    Banks offer discounts on their "indicator" rates to new customers or to existing customers who threaten to move their mortgage.
    New customers can also get better deals on term deposits and high interest online savings accounts than existing bank customers.

    Source: Sydney Morning Herald
     
    Tropo, 20th Aug, 2008
    #1
  2. BillV

    BillV Well-Known Member

    Joined:
    19th Jun, 2015
    Posts:
    1,555
    Location:
    Sydney
    Tropo

    This has been going on for years...:)

    Did the SMH notice it now?

    Cheers
     
    BillV, 21st Aug, 2008
    #2
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