Banter TRTT Part 14: 2022 Goodbye (To 2023)

[Doctor Feel]

It’s still worth asking your current lender to drop it in the meantime. I went to the bank this morning and got 0.9% off. Pretty good result for 20 minutes work and no extra effing around. Brought the baby with me I reckon she helped a bit lol.

Babies are absolute weapons for this sort of stuff. I've gotten free drinks, extra chips, discounts etc. Ahaha

 

[Doctor Feel]

 

[edgie]

Hmm maybe we should talk to the bank too, 5.8% currently. Hopefully we'd get another guy in to HQs, muscle cars better than kids when building a rapport.

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[chiwigi]

Hmm maybe we should talk to the bank too, 5.8% currently. Hopefully we'd get another guy in to HQs, muscle cars better than kids when building a rapport.

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I'm the guy that refinances every year.

Get a nice lump sum, lower rate, rinse and repeat.

Even if I do it later one year, the lump sum usually covers any rate rises.

 

[Del165198]

I'm the guy that refinances every year.

Get a nice lump sum, lower rate, rinse and repeat.

Even if I do it later one year, the lump sum usually covers any rate rises.

Seems like a bit of a lazy tax, like not changing your insurance around. There's no reward for staying loyal.

 

[Lagooner]

Hmm maybe we should talk to the bank too, 5.8% currently. Hopefully we'd get another guy in to HQs, muscle cars better than kids when building a rapport.

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There are heaps of offers out there under 5% with cash back too and they know it. I didn’t even have to quote them. I literally just walked in and said I need to get my interest rate reduced. It’s definitely worth your time.

 

[raman]

Im in the same position. Ill be refinancing but my current deal is still pretty good at 5.2, but i like to take advantage and refinance yearly for cashbacks etc. Lmao.

Was told to wait just a little longer (atleast to the feb rise) to refinance as lenders are trying to cuck people getting them in with low rates now but passing on full increases later with the rate rises.

What kind of costs are involved with refinancing? Still pretty new to this mortgage game and haven’t really looked into it. Does the new lender want a deposit?

 

[chiwigi]

Seems like a bit of a lazy tax, like not changing your insurance around. There's no reward for staying loyal.

There isn't, but also why would one stay loyal to a bank. It's a bank.
In fact by changing regularly you are increasing the money that the staff get as there is often a commission or bonus element.

 

[chiwigi]

What kind of costs are involved with refinancing? Still pretty new to this mortgage game and haven’t really looked into it. Does the new lender want a deposit?

Low to zero (often there's an incentive to move).

The new lender just needs to know your house is worth lending on. If the value is within the multiples (as it inevitably will be) then no more needed. Any loan of less than 80% value is free money for the banks.

 

[raman]

Low to zero (often there's an incentive to move).

The new lender just needs to know your house is worth lending on. If the value is within the multiples (as it inevitably will be) then no more needed. Any loan of less than 80% value is free money for the banks.

Our loan was about 2/3 property value when we took it out three years ago, and it’d be less than 1/2 now lol

 

[chiwigi]

Our loan was about 2/3 property value when we took it out three years ago, and it’d be less than 1/2 now lol

Yeah, it'll be as simple and getting the paperwork together.

Just don't let the ****ers upsell you .

 

[Papa G]

Just remember kids, if you were close to the wind last time in getting the loan across the line, it will be harder to get a loan this time. If you have plenty of equity and good income its no problem, but if not it will be harder this time around. Also a factor, if you had less than 20% deposit/equity last time, you would have copped Lenders Mortgage Insurance. If this is still the case, if you refinance, you'll cop it again.

 

[chiwigi]

Just remember kids, if you were close to the wind last time in getting the loan across the line, it will be harder to get a loan this time. If you have plenty of equity and good income its no problem, but if not it will be harder this time around. Also a factor, if you had less than 20% deposit/equity last time, you would have copped Lenders Mortgage Insurance. If this is still the case, if you refinance, you'll cop it again.

Most peoples equity rise since their last loan should comfortably cover this, especially if it was 2 years ago.

 

[Duckimus Prime]

Nope, just a remodel. There may be some extras in there because it's a second storey, i'm gonna get a bit more detail out of the quote to see where all the money is going. I'm wondering if it's waterproofing requirements for 2nd storey.

I think we paid around $45k for two bathrooms and the laundry 4 or so year ago.

Last year we had a quote for redoing our driveway go up by $2k (first quoted in 2019, done in 2022) because of increases in dumping fees.

 

[Papa G]

Also if you've pushed out a kid or 2 since your last loan and your missus isn't working or gone part time, this can also dent your chances.

 

[tribey]

I've been cynical of the goldeneye multiplayer, but no doubt about it, the single player still ******* slaps.

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Man, that thing sold out like Grand Final tickets back in the day. I was finally able to get a copy via my brother in country Victoria after weeks of “sold out sorry”s here.

Absolutely incredible game.

 

[raman]

Also if you've pushed out a kid or 2 since your last loan and your missus isn't working or gone part time, this can also dent your chances.

Do the kids count as collateral?

 

[raman]

 

[edgie]

Do the kids count as collateral?

Depreciating assets

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[Doctor Feel]

 

[raman]

View attachment 1599520

This supposes his obligate prey moves by itself which only poses further questions.

As does the fact that he clearly just crushes - and does not consume - said prey.

 

[raman]

I have a chilli flake caught in the roof of my mouth too far back for my tongue to reach please help

 

[bomberclifford]

I have a chilli flake caught in the roof of my mouth too far back for my tongue to reach please help

Peanut butter on a spoon.

 

[raman]

Peanut butter on a spoon.

That just might work

 

[Doctor Feel]

That just might work

And its ****ing tasty