With all the recent RBA rate drops , I contacted LaTrobe for a rate review on my SMSF Home Loan. I signed on %6.69 18mths ago, and currently on %6.37 , but they are advertising the same Variable Home Loan on Ratecity for %5.89.
La Trobe Financial - Financial Standard - Peer to Peer Investments
It'll cost me about $8500 to leave La Trobe and around $3500-4000 to Refinance elsewhere on %5.89. Im seriously considering it atm.
I actually blame the Broker/Advisor for poor financial advice, i presume he gets some sort of Trail Commission. He also put us into a Negatively geared Unit, his Rental Property figures way off the mark, but thats another story. Moral of my story, Dont trust anyone in Finance and do your homework.
An expensive lesson for myself.