Vegemite Kids

From todays West Australian

Some of you may find this useful/interesting

glhall

thanks, that is interesting. Whats best do you think. variable or fixed and for what term?

Graham

debsy

Interesting info. We have already spoken to Suncorp who have been very helpful regarding mortgages for us.

Noticed that HSBC were not on the list though.

ABCDiamond

The www.yourmortgage.com.au site has a large list of rates.

You also get different rates in some different States from the same banks !

QLD rates show:
HSBC with 5.9% introductory for 1 year, and a standard rate of 6.97%

Wizard is lowest at 5.89% standard rate.

Vegemite Kids

Sorry No idea. Depends on your personal circumstances and how much a risk taker and gambler you are.

Havent really looked into mortgages yet (just saw this in the paper and thought it might help someone) cos we are not planning on buying for a couple of years until we are certain about the exact area we want, and even then it will probably be land out in the boondocks and building our own.

Trevglas

Because interest here is calculated on a daily basis, it may be worth considering variable rate, since then you can pay any spare cash you have into the mortgage account, and redraw it later on when you want to get your boat, house extension/ holiday etc.

Certainly during the early years of the mortgage, you may get a better overall return on your cash than from a savings/investment account as you will save heaps on the overall interest paid against your house loan


If variable rates are potentially too risky for you, one option you can consider is having some of the mortgage variable and the rest fixed.