Comments on: Fixed Rate Mortgage Exit Fees

By: B Feasey

B Feasey — Sat, 30 Jul 2011 10:52:33 +0000

I have a westpac loan of $220,000 50% on fixed interest I know have sold and have been told my exit fee is approx $7500 any ideas of how I can get out of paying this high price? Bea Feasey I

By: Brad Elkin

Brad Elkin — Sun, 10 Apr 2011 21:21:31 +0000

can yo advise me Brad

By: Brad Elkin

Brad Elkin — Sun, 10 Apr 2011 21:17:21 +0000

i have a fixed home loan of 8% with cua due to illhealth we need

+++sell with 2yrs to go is there anything i can do to prevent huge fees

By: Amanda

Amanda — Mon, 28 Feb 2011 03:25:53 +0000

Just wondering whether you can advise me how much is payable for an early exit from a 5 yr loan (it would be finished in November 2012) interest only fixed term on $150,000 with the ANZ bank.
Thanking You
Amanda

By: Kerry

Kerry — Wed, 30 Jun 2010 09:38:03 +0000

My question is.
We currently have a personal of $17,000 fixed currently at 13.99% that expires in 2015 and a mortgage loan that is also fixed at 8.99% for the amount of $262,797.00. We have been told it will cost us $14,000 as an exit fee for the mortgage loan and $300 for the personal loan. Is it worth it, for us, to either break our personal loan and add it to our home loan, or exit both loans to a lower interest rate?
Please help ….

By: Tom Isaac

Tom Isaac — Sat, 08 May 2010 04:45:58 +0000

In Februart 2009 I puchased a home and aquired a fixed interist mortgage with the CBA. The loan is over 14 years fixed for 2 years. I assume the interist is fixed for 2 years, so U cannot understand why my interist rates keep rising each time the RBA raises interist rates. My question is if having fixed interist at a higher rate when taking out the mortgage loan, can the banks raise my interist in line with the RBA during the fixed interist time terms of contract?
Tom

By: mortgage | Mindrich

mortgage | Mindrich — Thu, 04 Feb 2010 04:32:18 +0000

A mortgage in which the monthly principal and interest payments remain constant throughout the life of the loan.This type of Mortgage is called Fixed Rate Mortgage(FRM).

By: FinancialServicesRenoNV

FinancialServicesRenoNV — Sat, 28 Mar 2009 22:50:14 +0000

Greetings all members,

I would just like to say hello and let you know that I’m happy to be a member – been a lurker long enough

Hope to contribute some and gain some knowledge along the way….

By: Debbie

Debbie — Thu, 12 Mar 2009 19:48:26 +0000

I have a question…

we have a mortgage of $680.000 fixed at 8.25% over 5 years CBA (we have 4 years to go) and 29 years left overall.
On contacting the CBA our exit fees will be approx $80.000
Is it worth remortgaging ???

No One seems to be able to answer this one ?

By: Sianny

Sianny — Wed, 18 Feb 2009 09:45:45 +0000

Is the wholesale rate the same as market interest rate ? Where can we find the information? If RBA has already stated cutting down the interest rate to 3.25%, does 3.25% mean the wholesale rate? We are a bit confused, we sold our house, with bad luck we have to pay the break cost for fixed rate and the interest rate cut down while we are waiting for the settlement day. But the strange thing, our bank always give us different break cost figure every week and always increasing too. We thought the break cost should be the same if no further notice from RBA about cutting down the interest rate again. Please give us more information about this. Thank you