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this is sounding weirder by the day (how banks operate or rather how do they operate?) ... i have LVR 65 and was offered 5.24 ... yet Davo36 with LVR 40 was offered 5.72
is it a case of "who" you know (negotiating with at bank) ???
OR as with mr "X" a PI that i know with substantial portfolio (got all his down to 5%) ... is it more a case of the larger the portfolio, the more negotiating power you have (am beginning to suspect so and stands to reason) ???
the million dollar question remains ... how does one twist their arms (banks) ??? ... any clues or advice on negotiating tactics ???
to give you example of what i mean by tactics ... at the bank, when reason i had set up the meet became apparent ... bank person delivered preemptive spiel on how the media was BSing about bank rates and that it was all baloney journalism ... ok my question here is how does one respond to that???
Davo36 ... recommend you hold back like myself, continue shopping around if you can afford it timewise
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noted, thx Rosco but have already tried that ... broker's offer was 5.4 ... higher than banks offer ... how does one determine who's a "good" broker? ... should one shop around with brokers too (not just banks) ?
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thx mrsaneperson but have already tried kiwibank ... i guess it works for some but not everyone (meaning, win some lose some) ... all the same appreciated ... i'll try another broker too and see what happens AND one other bank not yet tried
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Originally posted by Davo36
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is it a case of "who" you know (negotiating with at bank) ???
OR as with mr "X" a PI that i know with substantial portfolio (got all his down to 5%) ... is it more a case of the larger the portfolio, the more negotiating power you have (am beginning to suspect so and stands to reason) ???
the million dollar question remains ... how does one twist their arms (banks) ??? ... any clues or advice on negotiating tactics ???
to give you example of what i mean by tactics ... at the bank, when reason i had set up the meet became apparent ... bank person delivered preemptive spiel on how the media was BSing about bank rates and that it was all baloney journalism ... ok my question here is how does one respond to that???
Davo36 ... recommend you hold back like myself, continue shopping around if you can afford it timewise
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Originally posted by Rosco
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Originally posted by mrsaneperson
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