Home Loan Wars
The current " war" between the major
banks as they attempt to gain market
share is little more than a cynical
marketing campaign with cleverly
constructed product offerings.
Borrowers who chase lower interest rates
or "fee free" loan facilities need to
look very carefully at the limitations
of the loan e.g. minimum redraw via the
internet, availability of offset
accounts etc. Many of the cheaper, fee
free, and basic loans lack the majority
of the features that most borrowers now
take for granted.
Take Care before committing to
refinance. The cost may be more than you
anticipate.