What rate are you paying on your Variable Home Loan?

[melbel]

Karina that is exactly us...we are about to break our loan and will be up for $19,000 in break fees...even with that however our repayments are going to be substantially less to refinance onto a vriable rate at this stage...it sucks but we gotta do it.

[maz]

Our loan is now 5.1% - we got a special rate when we got our variable with the commonwealth that for the first 3 years of the loan we get an extra .25% of the rate. love it....I checked today to see our repayments and if we keep paying what we are at the moment our homeloan will be paid of in 11 years .... as if that is going to happen

[Maruschke]

5.07% with Heritage, I love heritage! They pass on the full rate cute every time, unlike some of the other banks (grrr!!!).

[Karina]

Melbel, I guess as long as its going to save you money then why not change!

[Jewel]

Ours went from 6.060% to 5.060% last week.

[Yael]

We are 5.43% and Wizard (GE money) are not going to pass on any of the last rate cut.. They have sold to Aussie, and they are basically getting out of the home loan market. There is some post of their website about waiving fees for leaving them, but i'm not too sure about what our options are, so i'm waiting to have a meeting with our home loan guy next week, but looks like i'll be in the market for a new home loan.

Ok, for those that have their interest rate in the 5's - are you able to make f/nly and extra repayments? Do you pay ongoing fees, or only application fees?

[Maruschke]

Ok, for those that have their interest rate in the 5's - are you able to make f/nly and extra repayments? Do you pay ongoing fees, or only application fees?

I pay weekly, a bit more each week than is required, and I think our application fee was either $400 or $600.

HTH