Confused83
Registered User
- Messages
- 15
Hi we just completed our first review of our split so it's in place approx 3.5 years.
There is two mortgages
Main balance was
Main 114,660 Warehouse 118,287
New offer
Main 123,857 Warehouse 109,090
Top up
Balance was
Main 20,173 Warehouse 21,399
New offer
22,103 Warehouse 19,470
Interest Rate 4.5 variable and term 307 mths
We enquired about fixed rates and were offered two weeks ago 5 year fixed 3.7. We asked if we fixed could we keep the payments the same and recalculate the ware house to bring more in. Was told yes signed and sent of papers.
In meantime got the letter that mortgage has sold. The website seems to indicate until transfer we are entitled to available of all Ptsb rates.
What confused us was the advisor told us we could over pay on the main account by fixing and keeping payments the same as the new agreed split and to let them know what we wanted to do.
I can't figure out what the best option to ask for is. Over pay on the main accounts until next review or ask for recalculate of warehouse before we move over.
What are people's thoughts
Thanks
There is two mortgages
Main balance was
Main 114,660 Warehouse 118,287
New offer
Main 123,857 Warehouse 109,090
Top up
Balance was
Main 20,173 Warehouse 21,399
New offer
22,103 Warehouse 19,470
Interest Rate 4.5 variable and term 307 mths
We enquired about fixed rates and were offered two weeks ago 5 year fixed 3.7. We asked if we fixed could we keep the payments the same and recalculate the ware house to bring more in. Was told yes signed and sent of papers.
In meantime got the letter that mortgage has sold. The website seems to indicate until transfer we are entitled to available of all Ptsb rates.
What confused us was the advisor told us we could over pay on the main account by fixing and keeping payments the same as the new agreed split and to let them know what we wanted to do.
I can't figure out what the best option to ask for is. Over pay on the main accounts until next review or ask for recalculate of warehouse before we move over.
What are people's thoughts
Thanks