Grebel Posted February 19, 2018 Share We are in the process of applying for a home loan on a new property and was just interested to see what rates the banks are giving at the moment. We were offered prime -1%. Not sure if that is good or average in the current economic climate. What have you been offered? Link to comment Share on other sites More sharing options...
MTBeer Posted February 19, 2018 Share Primary residence - prime less 2% (2000)Second property - prime less 0.5% (2014)Third property - prime (2016) Link to comment Share on other sites More sharing options...
Pants Boy Posted February 19, 2018 Share I got prime -.75 last year, with a 30% deposit. Link to comment Share on other sites More sharing options...
Long Wheel Base Posted February 19, 2018 Share Prime minus 1 is not bad at all. My home is Prime -0.75% and my one bonded rental property is prime - 0.05% Both with 10% deposit. I recently sold a rental property that was my first ever home loan and that was prime -0.8% Link to comment Share on other sites More sharing options...
Allrounder Posted February 19, 2018 Share We have 1 property. and we are paying prime Link to comment Share on other sites More sharing options...
Duane_Bosch Posted February 19, 2018 Share I reckon prime -1 is good. The days of prime -2 etc are long gone. We'll hopefully see 1 or 2 drops in the repo rate this year which should help a bit. It's HIGHLY likely that a rise in VAT will be announced this week. Link to comment Share on other sites More sharing options...
Grebel Posted February 19, 2018 Share Thanks guys. Reason I ask is that on my current property I have prime -1,75%. We are putting a deposit of 20% on the new property and we have been loyal customers for over 20 years. Have asked my banker to go back and fight for some more. Will see what happens.... otherwise will settle for prime -1% Link to comment Share on other sites More sharing options...
MTBeer Posted February 19, 2018 Share I reckon the more home loans you have the higher your risk profile so you won't get the same rate Long Wheel Base 1 Link to comment Share on other sites More sharing options...
Grebel Posted February 19, 2018 Share I reckon the more home loans you have the higher your risk profile so you won't get the same rate The existing property has been sold and we have bought a new house. The thought of owning more than one property keeps me awake at night.... Link to comment Share on other sites More sharing options...
MTBeer Posted February 19, 2018 Share The existing property has been sold and we have bought a new house. The thought of owning more than one property keeps me awake at night....I know the feeling. Grebel 1 Link to comment Share on other sites More sharing options...
Grebel Posted February 19, 2018 Share Just got off the phone wit the bank. Looks like it's prime -1% Signatures this afternoon Lexx and Rocket-Boy 2 Link to comment Share on other sites More sharing options...
Stretch Posted February 19, 2018 Share Grebs.. Are you selling and buying again... Or buying a secund property. It is not clear. We had prime minus 2 which we kept when moving house the last time in 2004 Link to comment Share on other sites More sharing options...
Plentipotential Posted February 19, 2018 Share The word "banks" and the word "loyalty" are never used in the same sentence. Thanks guys. Reason I ask is that on my current property I have prime -1,75%. We are putting a deposit of 20% on the new property and we have been loyal customers for over 20 years. Have asked my banker to go back and fight for some more. Will see what happens.... otherwise will settle for prime -1% Help.Me., Odinson, Grebel and 1 other 4 Link to comment Share on other sites More sharing options...
Warthog Posted February 19, 2018 Share The word "banks" and the word "loyalty" are never used in the same sentence.Yep. Loyal goes with dog, not bank. Mojoman, Blokman, Grebel and 1 other 4 Link to comment Share on other sites More sharing options...
Grebel Posted February 19, 2018 Share Grebs.. Are you selling and buying again... Or buying a secund property. It is not clear. We had prime minus 2 which we kept when moving house the last time in 2004Selling and buying Stretch. Apparently the times have changed. We got prime minus 1.75 in 2001. Been in the house for 17 years. Seling and moving to a new house but this time was offered prime minus 1 and from what I can gather that is a good rate at the moment. Link to comment Share on other sites More sharing options...
ChUkKy Posted February 19, 2018 Share ...................... loyal customers for over 20 years............... They couldnt care lessDont be fooled into thinking they love you, they dont.... Miss a payment or three and then they love you long time. Link to comment Share on other sites More sharing options...
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