excuses excuses, page-68

Hi Pzip

Always try to negotiate with the lender.

Show them evidence of a rate elsewhere.

For example.....

there are a couple of lenders I know that are lending "at the cash rate" being 7.25% at the moment.

It is a way for them to gain some market share.....and even though they make nil off you or very litle......they will offload their loanbook at some stage and make some on it.......also they may try sell u c cards, p loans etc down the track.

They are also thinking rates will come down next so it may be short lived.

But 7.25% or thereabouts is the best you will do at the moment.

Although I have a lender at 6.7% for 6 months but 1.5% of your monthly repayments is the fee to get out.

Hope this helps.








tell your bank you want at the worst 7.25% or your moving elsewhere.

And if rates come down before 12/08 then u want the dropped amount.


They are making very little if anything form you now, then again they may have sold your loan off by now depending on how long you have been there.