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Don't pay the advertised mortgage rate

 
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Old 20-08-2008, 03:26 PM   #1 (permalink)
Tropo
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Don't pay the advertised mortgage rate
20/08/08
Don't pay the advertised mortgage rate

Anyone paying the banks' indicator variable mortgage rate of 9.45 per cent is being taken advantage of.
Banks offer discounts on their "indicator" rates to new customers or to existing customers who threaten to move their mortgage.
New customers can also get better deals on term deposits and high interest online savings accounts than existing bank customers.

Source: Sydney Morning Herald
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Old 21-08-2008, 08:06 PM   #2 (permalink)
BV
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Tropo

This has been going on for years...

Did the SMH notice it now?

Cheers
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Bill

Information posted here is given in good faith. If in doubt do your own research and get professional advice.
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