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What is the lowest 5yr fixed rate loan around?

Discussion in 'Real Estate' started by investortom, 21st Aug, 2014.

  1. investortom

    investortom Member

    Joined:
    21st Aug, 2014
    Posts:
    5
    Location:
    Sydney, NSW
    Hi all, can someone tell me the companies that offer the lowest 5 year fixed rate around, what their rates are and any huge fees? I'm currently on a floating rate but want to lock in the low rates while they last. Thanks!
     
  2. GregR

    GregR Reid Consultants

    Joined:
    13th Jul, 2009
    Posts:
    273
    Location:
    Berwick Vic
    What is the loan amount and LVR?
    It can affect the rate offered.

    You can get 5 year fixed rates down to 4.79%. With a combo loan (split between fixed and variable) with up to 50% fixed, down to 4.69%.

    A number of lenders are in the 4.89% to 4.99% range for a full doc loan.
    There would only be normal application fees, some lenders are still offering rebates to refinance with them, however you may be talking about the lock in fee, where you lock in the fixed rate at time of application. This varies between lenders up to $750 perhaps, but in times of stable rates, often an unnecessary cost.

    Hope this helps.
     
  3. chaigyaru

    chaigyaru New Member

    Joined:
    27th Jan, 2015
    Posts:
    1
    Location:
    Sydney NSW
    You can always invest with the highest amount that you can borrow and then pay back up to the amount you actually need to borrow.

    The more you borrow, the lower you can negotiate the interest rate ;)

    HTH