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3.99% (CR 4.49%p.a.) Suncorp 3yr. Fixed Rate with 0.15% Monthly Cashback from Mates Rates Mortgages

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3.99% (CR 4.49%p.a.) Suncorp 3yr. Fixed Rate with 0.15% Monthly Cashback from Mates Rates Mortgages
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Store RepPfinancialfreeway on 06/04/2016 - 16:36 matesratesmortgages.com.au (222 clicks)
Last edited 07/04/2016 - 09:53 by 2 other users

Mates Rates Mortgage Brokers offer a CASHBACK service that credits 100% of the monthly lender paid commission back to the borrower helping them to potentially save Tens of Thousands of Dollars over the term of the loan.

http://www.suncorpbank.com.au/home-loans/interest-rates?v=40…

3.99% (CR 4.49%p.a.) Suncorp 3 Year Fixed even better with the 0.15%pa years 1-3 increasing to 0.25%pa year 4 Life of Loan Monthly CashBack from Mates Rates.
(min loan amount for Suncorp home package plus is $150,000)

Fees:
* Annual $375 (annual package fee has been waived for the first year)
* Discharge $350
* Guarantor fee $200 (per guarantor)
* Progressive funding $300 (applies when the first draw is made for any part of the loan provided for construction purposes)

Features:
* Interest Only (LVR up to 80%, Max 5 years)
* Extra repay of $500 per month can be made before fees apply
* Max LVR is 90%

Mates Rates Australian Credit Licence: 382805

Financial Cashback Home Loan Loan

Related Stores

Mates Rates Mortgage Brokers
Mates Rates Mortgage Brokers
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closed Comments

  • chinezejew on 06/04/2016 - 16:49

    Line of credit facility?

    What happens after the fixed loan terms of 3yrs?
    At what variable rate?

    Refinance?

    Thanks…
    Very curious

    • guidedlight on 06/04/2016 - 16:54

      It reverts to the Standard Variable Rate (less package discount). So using today's rates that would be 5.35%.
      However, most people on fixed rate loans will refinance at the end of the term.

  • guidedlight on 06/04/2016 - 16:51

    Looks like a great deal. Clearly substantial savings over the variable rate product.

  • wildstone on 06/04/2016 - 16:54

    If already mortgaged through Suncorp can we change to this package with cashback?

  • [Deactivated] on 06/04/2016 - 18:18

    Aust Credit License?

  • Maxdax on 06/04/2016 - 18:25

    one of my mates got the same rate thru CBA!

    • j1212n on 06/04/2016 - 20:54

      Yep if you have a decent loan size and go to the branch, talk to them about refinancing to CBA and that Suncorp have offered you 3.99%, good change that the lenders will be able to offer you the same. (Obviously certain requirements have to be met though)

  • MarketingMRMB @ Mates Rates Mortgage Brokers on 07/04/2016 - 08:40
    -1

    The Monthly paid CashBack for Suncorp is 0.15%pa years 1-3 increasing to 0.20%pa from year 4 for the life of loan.

    Chiezejew - Suncorp does have a a line of credit.
    - The current discount variable rate under the package is 4.15%pa, 4.10% may be negotiated for $500,000+
    - yes for purchase and refinance of owner occupied property only!

    guidedlight - It is a great deal! Mates rates has for more than 10 years been passing the trail commission back to thousands of clients instead of keeping for itself
    like the other more than 12,000 mortgage brokers in Australia.

    wildstone - Unfortunately not. Mates Rates is only able to credit CashBack on new business to Suncorp. However, if you are through a mortgage broker with Suncorp they
    could provide you 100% of the Suncorp trail paid commission paid to them by Suncorp as a monthly CashBack and if they won't you might consider Mates Rates
    that will!

    googleyahoo69 - Yes Mates Rates holds an Australian Credit Licence 382805

    Maxdax - Non- standard discounts can be negotiated with CBA and it depends upon the individuals loan amounts, type of loans and existing business, among other things
    how negotiable CBA will be as indicated by j1212n.

    A full list of the lenders and commissions can be viewed on the Mates Rates website at http://matesratesmortgages.com.au/mortgage-lenders/mortgage-…
    and the hyperlink at the bottom of the page that takes you herehttp://master.connective.com.au/flex/commSchedReport.asp

    I am not aware of any other mortgage broker business that provides full disclosure of all commissions on their website.

    Cheers,
    Mates Rates
    Same Loan, Lower Cost!
    1300 55 81 61

    • wildstone on 11/04/2016 - 14:08

      wildstone - Unfortunately not. Mates Rates is only able to credit CashBack on new business to Suncorp. However, if you are through a mortgage broker with Suncorp they could provide you 100% of the Suncorp trail paid commission paid to them by Suncorp as a monthly CashBack and if they won't you might consider Mates Rates that will!

      Hi there, can you please elaborate? You mean if I went through a broker I can now ask Suncorp to start paying me all those trailing commision?

  • MarketingMRMB @ Mates Rates Mortgage Brokers on 07/04/2016 - 08:45

    As a GOLD Broker for Suncorp your applications receive a higher priority than that of an ordinary broker.

    Cheers,
    Mates Rates
    Turning Home Loans into Real Cash Savings!
    Same Loan, Lower Cost!
    1300 55 81 61

  • MarketingMRMB @ Mates Rates Mortgage Brokers on 07/04/2016 - 10:13

    My apologies I was remiss by not including the new Monthly paid CashBack for Suncorp is 0.15%pa years 1-3 increasing to 0.25%pa from year 4 for the life of loan.

    Cheers,
    Mates Rates
    Turning Home Loans into Real Cash Savings!
    Same Loan, Lower Cost!
    1300 55 81 61

  • dealsxyz on 07/04/2016 - 12:28

    For those considering, please note that there is fee for extra repayment.

  • MarketingMRMB @ Mates Rates Mortgage Brokers on 07/04/2016 - 13:25

    The comment from dealsxyz is FALSE!

    Information below direct from the Suncorp partners website https://businesspartners.suncorp.com.au/public/product-infor…

    Additional Repayments2 Additional repayments of up to $500 per month can be made before fees apply. EPIA (Early Payment Interest Adjustment) may apply if the monthly pre-payment amount is exceeded. Customers can ask for an estimate of the EPIA prior to making their additional repayments.

    Cheers,
    Mates Rates
    Turning Home Loans into Real Cash Savings!
    Same Loan, Lower Cost!
    1300 55 81 61

  • MarketingMRMB @ Mates Rates Mortgage Brokers on 07/04/2016 - 13:27

    The fees and charges apply when more than $500p/mth repayments are made to a fixed rate loan.

    Cheers,
    Mates Rates
    Turning Home Loans into Real Cash Savings!
    Same Loan, Lower Cost!
    1300 55 81 61

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