Want to save money on your mortgage?
posted July 27 2010
We’re really excited about the ANZ@work package the Board have recently
negotiated with our principal sponsor ANZ for our members, as launched by our President David Whitburn at the July
keynote meeting. Before presenting the scheme to members we tried it out
ourselves just to make sure it is as good as it sounds and all we can
say is we have made some serious savings.
An example is a friend who recently purchased an investment property.
Previous to the purchase he wasn’t an APIA member however when he
realised the savings he’d make with the ANZ@work package i.e. $1,000
($500 contribution towards fees and 0.2% off the floating rate of a
$250,000 mortgage equating to another $500 saving) he very quickly
joined APIA and is over the moon as his membership cost $347.50
(including one off joining fee) therefore his net savings with ANZ@work
is $652.50 and now he has the benefits of his APIA membership as well.
We also tried it out ourselves as we have four loans with ANZ and made
significant savings through the interest rate discount.
Along with these savings we have already received positive feedback
after Tuesday’s keynote meeting about savings numerous members have
gained.
For those people who weren’t at the meeting the basis of the ANZ@work
package is:
- floating rate loan, special rate of 6% pa (subject to change)
- 0.25% savings off ANZ’s published fixed rates
- For new loans a $500 contribution towards your legal and
valuation fees
- Fee exemptions and much more
Please note the above only applies to APIA members with ANZ mortgages
that are currently on the floating rate.
Also the rates must be
negotiated directly with ANZ rather than through your mortgage broker.
However if you are considering refinancing or purchasing a new property
and your borrowing isn’t too heavily weighted toward ANZ then it is
worth considering the ANZ@work package due to the savings available.
The contacts for ANZ@work:
1) New ANZ loans – contact an ANZ mobile manger and ask for
the APIA members ANZ@work discount, you will have to show your APIA
card. Call 0800 269 4663 (ext 1)
2) Existing ANZ loans – ring 0800 663 444 or email
specialistchannelsnz@anz.com
once again you’ll have to prove membership to APIA.
Please also feel free to tell any non APIA friends about this deal as
with (0.2% off the published floating rates) any existing ANZ mortgage
that is currently floating you only need a $175,000 mortgage before you
will save the cost of an APIA membership and any new loan you will
immediately save money through the $500 contribution towards fees plus
the interest rate saving over an above.
Andrew Bruce
Vice President
posted in: ANZ, Interest Rates, Mortgage and other loans
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