No it started out as second tier then the bank got wobbly and sold the mortgage to a 3rd tier bank who are taking the proverbial.
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Originally posted by BigRedDog View PostSorry if I was a downer.
Didn't mean to sound like one... just trying to help you get a better deal
I have found that the only way to do it is to have lots of mortgages so if you sign and a better rate comes up (it always does it seems) then at least the next mortgage off the block might be better. Keeps depression at bay.
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Originally posted by Eugene View PostI was offered rock bottom 5.89 for five years from Westpac, and I typically get great deals, due to having large loans etc. So I think 5.99 is probably OK.
Yep, and if we saw this conversation in a dream about the future, say 1 to 10 years ago, we would think the people are nuts debating about something under 6% for 5 years.
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True - but I know if I accepted that the rate would drop to 5.5% and I would kick myself. Tony Alexander said last week that a rate of around 5.5% for 3 years would interest him, I wonder what he would say about 5.89% for 5?
These are truely remarkable times but as the continue for longer and longer they become the norm.
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