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Fixed Rate Home Loan Special 3.99% for 5 Years + $3,475 Cash Back for Refinances on Own.Occ./Inv. Loans @ Cape Finance

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Fixed Rate Home Loan Special 3.99% for 5 Years + $3,475 Cash Back for Refinances on Own.Occ./Inv. Loans @ Cape Finance
Go to Deal
Store RepCapeFin on 28/03/2017 - 09:57 capefinance.com.au (1662 clicks)
Last edited 24/04/2017 - 13:26 by 2 other users

UPDATE: This offer has been extended for an undisclosed period of time (most likely a few business days)

A bank who we are not allowed to openly name have a limited time special for 3.99% for 3 and 5 year terms on fixed rates for both Investment and Owner Occupied home loans. On top of this they are also offering $1,500 cash back for refinances!

Another under the table offer for a 3 year owner occupied fixed rates at 3.79% is also available from a different bank, again they will not allow us to openly advise who it is but I can provide the details outside of an open forum.

Please email [email protected] to find out more about this offer. Applications will need to be received in full by the 19th April due to the limited time these offers will be available.

In the spirit of OZBargaining,we are prepared to also cover the $395 annual package fee for the length of the fixed rate period if you decide to use Cape Finance to help arrange the loan and the minimum total lend is $500k. We are top tier brokers which gives us access to faster turn around times for your application.

This means you could be eligible for:
✓ MARKET LEADING 5 year fixed rate
✓ $3,475 cash back for refinancing ($1,500 from the bank and $1,975 from Cape Finance)
✓ Annual package fee covered for the life of the fixed loan (minimum $500k fixed)

The followings terms for the fixed rate offer have been communicated:
- P&I repayments only
- Maximum LVR 95% (inc LMI)
- Cash out up to 80% LVR
- Establishment fee waived as part of member package

No comparison rate was provided however I calculated it to be 4.74% on the 5 year owner occupied fixed rate (based on $150k over 25 years) due to the revert rate at 4.60%. We always suggest a review of your banks offering close to any fixed rate maturing as this is a perfect opportunity to shop around.

We strongly suggest utilising the 'rate lock' option to secure this rate at the time of application - cost is 0.15% of the loan amount (min $500, capped at $2k for loans up to $2m). If you do not rate lock then you will be eligible for the fixed rate on the day your loan settles.

We are Perth based finance brokers and am able to service clients Australia wide FREE of charge. Note that we are not directly associated with the bank and they make up one of more than forty lenders on our residential loan panel.

Authorised credit representative 478455 of Connective Credit Services Pty Ltd Australian Credit Licence Number 389328.
And for that legal bit.. Your full financial situation would need to be reviewed prior to acceptance of any offer or product. Normal lending criteria and fees and charges apply. Terms and conditions apply and are available upon request.

NB: I tried to keep this post from being too long, feel free to shoot me a message if you have any questions.

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closed Comments

  • dammit on 28/03/2017 - 10:01
    +2

    Shame its P&I only…

    • Store RepCapeFin @ Cape Finance on 28/03/2017 - 10:04

      We did ask for Interest Only repayments, not an option on this offering unfortunately.

      • Innocence on 28/03/2017 - 10:17

        any clue what the best interest only institution is at the moment? (owner occupied)

        • Store RepCapeFin @ Cape Finance on 28/03/2017 - 10:32

          For 5 years it is 4.28%, would you like to send me a PM or email to [email protected] so that we can discuss your requirements

      • tajid on 28/03/2017 - 10:28

        What's your best offer for I Only?

        • Store RepCapeFin @ Cape Finance on 28/03/2017 - 10:31

          Would you like to send me a PM or email to [email protected] so that we can discuss your requirements

    • garygaz on 28/03/2017 - 10:16
      +2

      Thank goodness banks are peeling back on I only exposure, our country has some of the highest proportion of I only loans as a percentage of total mortgage debt in the world

      • z00m on 28/03/2017 - 21:20

        If there is an offset with those io loans I don't see a problem?

    • [Deactivated] on 28/03/2017 - 12:00

      Just make it a 30 year loan :)

  • Kuro on 28/03/2017 - 10:15
    +1

    Is there offset available?

    • Store RepCapeFin @ Cape Finance on 28/03/2017 - 10:24

      The offset facility is a partial offset at 0.7%

      • onetwothreefour on 28/03/2017 - 10:43

        What's the difference between a partial and full offset account?

        • tomleonhart on 28/03/2017 - 11:05
          +3

          Partial Interest Offset

          Available to customers with eligible Fixed rate loans
          For the portion of the Home Loan equal to the balance in the linked transaction account, a reduced interest rate is charged.

          Say your loan is 300k, you have 100k in offset.

          Your interest charge will be calculated:
          * 300k loan - 100k balance = 200k @ 3.99%
          * 100k balance in offset = 100k @ 3.29%

        • onetwothreefour on 28/03/2017 - 11:22

          @tomleonhart: OK so you'd need to have a large amount of money in your offset for the 0.7% to make much difference.

          In general is it better to have an offset account or make regular extra repayments on your loan?

        • tomleonhart on 28/03/2017 - 11:26
          +2

          @onetwothree: I'll say having an offset account is better. they net the same saving but offset is just a bit more convenient and when if you decide to rent the place out in the future, it will be better for tax.

        • nietzsche bargain on 28/03/2017 - 11:49
          +1

          @onetwothree:

          No the amount of money is irrelevant, 0.7% would be a terrible discount (although without further clarification it could mean 0.7% on your offset account rather than a discount of 0.7% off the 3.99%). The way to think about it is what interest could you be earning on that money if you had it elsewhere - i.e. a term deposit (quick google shows 2.8%). The only additional consideration you have to factor is that the 0.7% is an after tax saving, whereas you'd incur interest on your 2.8% term deposit. Even at the top marginal tax bracket however, the term deposit works out better.

      • kctt on 28/03/2017 - 10:46

        Does it mean 0.7% fee on top of 3.99%? What about "$0 monthly full offset service fee" with advantage package?

        • Store RepCapeFin @ Cape Finance on 28/03/2017 - 11:48

          The package can have variable rate loans with a full 100% offset attached, it can also include a combination of fixed and variable loan poretions.

          From what St George told me, the 0.7% is calculated off the balance in the offset account and this amount reduces your interest payable. At 0.7% the benefit is nominal.

      • cristobaljamesy on 28/03/2017 - 10:59
        +2

        Could you please explain that in layman's terms for everyone's benefit?

        • incipient on 28/03/2017 - 11:16

          My understanding is that any value in an offset account will reduce the interest rate by 0.7%. So if you have 50k in an offset, you'll pay 3.2% interest on 50k of the loan, and 3.9% on the rest.

          That's my understanding. I think it's a product of how fixed rate loans are established.

        • Store RepCapeFin @ Cape Finance on 28/03/2017 - 11:48

          Please see above.

        • [Deactivated] on 28/03/2017 - 12:01
          +4

          Interpret it as no offset

      • tepiero on 28/03/2017 - 12:21
        +3

        This is so, so low.

    • kirt on 28/03/2017 - 10:26
      +1

      "Partial interest offset facility" by the looks (don't know the rate though)?

      Edit: ninja'd

  • vr4indian on 28/03/2017 - 10:18
    +5

    SCU has 3.69 fixed for 3 years with $500 cashback

    • shiraj on 28/03/2017 - 10:23

      Sorry - What's SCU?

      • vr4indian on 28/03/2017 - 10:26

        state custodian

        PM me if you need more info on further savings

        • llllllllllllll on 28/03/2017 - 10:43

          That's pretty good rate, is that available to VIC or NSW only?

        • vr4indian on 28/03/2017 - 10:50

          @huythanhv2: should be.

          If notu can surely try my best to help you.

          PM me for further information on maximizing savings

        • tajid on 28/03/2017 - 11:41
          +1

          @vr4indian: Are you a broker for SCU?

        • vr4indian on 28/03/2017 - 13:14

          @tajid: nope mate.

          But i have helped few in saving money

    • Russ on 28/03/2017 - 10:32
      +4

      That's a good rate, and is available for interest-only, and looks like it has an offset account too. Annual package fee of $350.
      http://www.scu.net.au/Loans/HomeLoans/PackagedFixedRateHomeL…

      • RocketSwitch on 28/03/2017 - 12:19

        That's pretty good, hm!

  • footyboy on 28/03/2017 - 10:40
    -1

    The 3.99 isn't showing on their page??

    • Store RepCapeFin @ Cape Finance on 28/03/2017 - 10:41
      +1

      I don't think you would find it on there, this is not an advertised offer.

    • vr4indian on 28/03/2017 - 10:57
      +1

      This is an under the table offer on for a limited time, so there will be no official written confirmation from the bank available. Indications are that this rate will be available for a 'couple of weeks'.

      • [Deactivated] on 28/03/2017 - 12:04
        +1

        Someone is a liitle short of target and quietly throwing out a bone

        • Store RepCapeFin @ Cape Finance on 28/03/2017 - 12:06

          Or passing on an offer that has not been otherwise advertised :)

        • vr4indian on 28/03/2017 - 13:12
          +1

          I copied from original post only.

  • burningrage on 28/03/2017 - 10:46

    Ah… wish there is similar for Melbourne. St George in VIC is Bank Of Melbourne.

    • Store RepCapeFin @ Cape Finance on 28/03/2017 - 10:58
      +2

      You can have this home loan anywhere in Australia, the rest of your banking can stay at a bank with a convenient branch location if that is your preference.

    • Jolakot on 28/03/2017 - 12:33

      You can access it at bank of Melbourne, they also handle st George accounts.

  • Dr Cheapo on 28/03/2017 - 11:08
    +2

    Interesting… Is there maximum additional repayments each year?

    • Store RepCapeFin @ Cape Finance on 28/03/2017 - 11:30
      +1

      The maximum annual extra repayments is $10k

  • dumkaze on 28/03/2017 - 11:21

    Can we do extra payment ?

    • Store RepCapeFin @ Cape Finance on 28/03/2017 - 11:34

      The maximum annual extra repayments is $10k

  • incipient on 28/03/2017 - 11:22
    +5

    Generally speaking, from my understanding, unless you're absolutely living day to day and can't afford an interest rate rose, that fixed rate is not the best way to go.

    Banks and other investment companies with their team of trained financial advisors have looked at the market and said "yep, at 3.99%pa, over 5 years, that is a good investment for our money". So effectively a "mum and dad investor" is betting against a team of analysts for which side is financially more beneficial. I know which side i think is more likely to be right.

    Everyone is different. Just my $0.02.

    • psylence on 28/03/2017 - 11:29
      +9

      Agreed although in instances where people want stability and peace of mind something like this could be valuable

      • incipient on 28/03/2017 - 12:01
        +2

        Damn my English got messed up. You are completely correct. If you can't afford a rise, then yes fixed rate is the way to go. Otherwise, if you can take a very small risk, I'd take the peace of mind in not betting against a bank.

      • SirFlibbled on 28/03/2017 - 12:25
        +1

        This is why I went fixed for a while. With a single income and a wife studying full time, I chose a fixed rate as I then could budget around it.

        She starts work next year so variable here I come :)

    • dasher86 on 28/03/2017 - 12:27
      +1

      You need to take into consideration their full folio of accounts and their short term and long term obligations. The banks maybe using this mortgage to fulfill their own lending requirements.
      By offering fixed rates they are almost gauranteeing that you won't switch.
      I'm not saying the banks won't make money from you but if they are taking a loss on this to your benefit it would be offset by debt they have elsewhere.
      They are using the gauranteed cashflow as an instrument elsewhere so might be willing to take a reduced calculated margin.

    • urlaw on 28/03/2017 - 13:36

      I agree but for people looking to take out a mortgage, it is clear that the rates are at the lowest period in the 20th and 21st centuries.

      The national commercial banks will increase rates when the RBA or the FED increases. The decrease in rates wouldnt be certain either or to the full amount of that of the reserve banks.

  • djmm on 28/03/2017 - 11:28

    CAn u do 90% no LMI

    • Store RepCapeFin @ Cape Finance on 28/03/2017 - 12:05

      Only under professional policy which includes professions like: Accountants, Lawyers, Auditors, Surveyors, Geologists, Doctors, Dentists, Vets, Optometrists, Pharmacists etc.
      If you think you might fall in this category then feel free to send me a message and we can have a chat about the requirements.

  • generally-speaking on 28/03/2017 - 11:35
    +1

    Can you do 90% LVR with no LMI, 3.99 interest only fixed 5 years (with no penalty for full repayment before the end of term)?

    • Store RepCapeFin @ Cape Finance on 28/03/2017 - 11:52

      The bank will consider 90% LVR with LMI waiver if you fall under one of the approved professions. Unfortunately Interest Only repayments are not available at this rate and penalties would generally be applicable for early repayment of a fixed rate loan.

  • NalB on 28/03/2017 - 12:11

    Is there an application fee or a valuation fee?

    • Store RepCapeFin @ Cape Finance on 28/03/2017 - 12:26

      Application fee is covered as part of the members package fee (which we pay during the fixed rate period) which also includes a valuation.

      • NalB on 28/03/2017 - 12:37

        Thanks. If the LVR is greater than 80%, can we pullout of the application before it is settled?

        • Store RepCapeFin @ Cape Finance on 28/03/2017 - 12:46

          We can get a valuation ordered up front for you so that you know the LVR before lodging an application

  • maverickjohn on 28/03/2017 - 13:22
    -1

    Wow CR of 4.74%
    My bank has it at 4.17%

    • Store RepCapeFin @ Cape Finance on 28/03/2017 - 13:32

      It is due to the fact the loan reverts to 4.60% for owner occupiers after the fixed rate matures (also that rate is based on a $150k loan over 25 years).. we always review our clients lending portfolio in advance of a fixed rate maturing to see if there is a better offer available

  • sonu1111 on 28/03/2017 - 14:14

    I have already Paid LMI with ANZ (86% LVR). If I switch loan now, do I have to pay this again?

    Interest rate with ANZ - 4.85% fixed for 2 years (started in Dec 2016)

    • Store RepCapeFin @ Cape Finance on 28/03/2017 - 14:41

      Yes I don't think there is a way you oculd avoid paying it again unless your property has increased in value or the debt has reduced to below 80% LVR.

      • sonu1111 on 28/03/2017 - 14:45

        Thanks for your reply. Property price has gone up by $2,000 as they have compared my 4/3/2 house with 3/2/2 (No comparable house in same suburb and also no selling history)

        I will wait until end of this year and see how it goes. Thanks for your quick reply.

        • Store RepCapeFin @ Cape Finance on 28/03/2017 - 14:46

          Sometimes the valuation reports can be contested with evidence of more suitable properties to compare against. Feel free to email me [email protected] if you would like assistance with the valuation

  • NalB on 28/03/2017 - 14:33
    • "We strongly suggest utilising the 'rate lock' option to secure this rate at the time of application - cost is 0.15% of the loan amount (min $500, capped at $2k for loans up to $2m). If you do not rate lock then you will be eligible for the fixed rate on the day your loan settles."

    When will we know the final rate and is it possible form me not to proceed with the settlement, if I am not satisfied with the rate?

    • Store RepCapeFin @ Cape Finance on 28/03/2017 - 14:38

      The final rate will be the fixed rate on the day of application

  • Store RepCapeFin @ Cape Finance on 28/03/2017 - 14:35

    Sorry guys I have been asked to take this post down as it was not intended to be advertised, happy to continue discussions with anybody who has contacted myself to get this arranged :)

  • Oliver on 28/03/2017 - 19:59

    my mortgage is 3.74 which i got at xmas time

    • Store RepCapeFin @ Cape Finance on 28/03/2017 - 20:32

      That is a decent fixed rate! We have seen banks start to creep up rates since around that time so you have done well

  • crazyj on 29/03/2017 - 08:34

    Shame it is expired, I was seriously going to look at refinancing.

    Snooze you lose. I guess there will be another special sooner or later.

  • jason andrade on 30/03/2017 - 11:33
    +1

    Is there a good way to think about how to incorporate the 'package fees' into a comparison rate ? e.g. we have a mortgage with a rate of 3.82% but CBA have a wealth package fee you pay to reduce your fees and to get a discount on their standard variable rate. Is there a rule of thumb that makes it straightforward to compare 'flat fee package' based mortgages vs more discrete fee mortgages ?

    Is there also a well understood threshold at which banks are happier to negotiate discounts ? I'm assuming it's based on the bigger the loan the larger the potential discount but I don't know if that's actually true..

    • Store RepCapeFin @ Cape Finance on 30/03/2017 - 11:37

      There are online calculators to work out a comparison rate (eg https://reiwa.com.au/advice/calculator-tools/comparison-rate…). The rate I quoted above was based on a generic $150k loan size over 25 years.

      Each bank will price based on their lending appetite at the time, if you need a hand pricing a loan then feel free to shoot me an email to [email protected] and I would happy to give you a hand. Most lenders will aggregate all of your lending and base pricing on the combined total if you have more than one loan.

  • Store RepCapeFin @ Cape Finance on 13/04/2017 - 11:54
    Merged from Fixed Rate Home Loan Special 3.99% for 5 Years + $1,500 Cash Back for Refinances on Own.Occ./Inv. Loans @ Cape Finance

    A bank who we are not allowed to openly name have a limited time special for 3.99% for 3 and 5 year terms on fixed rates for both Investment and Owner Occupied home loans. On top of this they are also offering $1,500 cash back for refinances!

    Another under the table offer for a 3 year owner occupied fixed rates at 3.79% is also available from a different bank, again they will not allow us to openely advise who it is but I can provide the details outside of an open forum.

    Please email [email protected] to find out more about this offer. Applications will need to be received in full by the 19th April due to the limited time these offers will be available.

    In the spirit of OZBargaining, we are prepared to also cover the $395 annual package fee for the length of the fixed rate period if you decide to use Cape Finance to help arrange the loan and the minimum total lend is $500k. We are top tier brokers which gives us access to faster turn around times for your application.

    This means you could be eligible for:
    ✓ MARKET LEADING 5 year fixed rate
    ✓ $1,500 cash back for refinancing
    ✓ Annual package fee covered for the life of the fixed loan (minimum $500k fixed)

    The followings terms for the fixed rate offer have been communicated:
    - P&I repayments only
    - Maximum LVR 95% (inc LMI)
    - Cash out up to 80% LVR
    - Establishment fee waived as part of member package

    No comparison rate was provided however I calculated it to be 4.74% on the 5 year owner occupied fixed rate (based on $150k over 25 years) due to the revert rate at 4.60%. We always suggest a review of your banks offering close to any fixed rate maturing as this is a perfect opportunity to shop around.

    We strongly suggest utilising the 'rate lock' option to secure this rate at the time of application - cost is 0.15% of the loan amount (min $500, capped at $2k for loans up to $2m). If you do not rate lock then you will be eligible for the fixed rate on the day your loan settles.

    We are Perth based finance brokers and am able to service clients Australia wide FREE of charge. Note that we are not directly associated with the bank and they make up one of more than forty lenders on our residential loan panel.

    Authorised credit representative 478455 of Connective Credit Services Pty Ltd Australian Credit Licence Number 389328.
    And for that legal bit.. Your full financial situation would need to be reviewed prior to acceptance of any offer or product. Normal lending criteria and fees and charges apply. Terms and conditions apply and are available upon request.

    NB: I tried to keep this post from being too long, feel free to shoot me a message if you have any questions.

    • varunynr on 13/04/2017 - 11:59
      +1

      Good Work Toby.

    • KLoNe on 13/04/2017 - 12:01
      +1

      Sounds legit!

      • Store RepCapeFin @ Cape Finance on 13/04/2017 - 12:04
        +1

        We had a tap on the shoulder for openly disclosing the bank previously, as an under the table offer we are only allowed to mention the rate and not the bank itself openly in this forum, we know this is not the ideal way to present the offer. Please send through an email to [email protected] and we would be happy to provide all the details direct.

        • [Deactivated] on 14/04/2017 - 00:02

          Hi can you please indicate (or pm me) if any offer is also available on a 300k loan?

    • UFO on 13/04/2017 - 12:09
      -5

      I'm sorry if I'm missing something here, but that doesn't sound very competitive at all.

      I've used your figures of $150k loan, owner occupier, 5 years fixed, and looking at the comparison rate (as opposed to the attractive advertised rate you mentioned in the heading and again in the first sentence, which pretty much means nothing).

      Looking at the Canstar website, there's a multitude of lenders well under the 4.74%… there's 14 on the first page alone, most of them hovering around 4.13%. Comparison rate.

      So again, I apologise if there's something I'm missing here, but this screams 'advertisement' not 'bargain'. Secret squirrel special rates from secret banks sounds tempting, but at the end of the day it's mostly about the comparison rate and less about marketing spiel.

      • Store RepCapeFin @ Cape Finance on 13/04/2017 - 12:13

        Hi UFO, the attractiveness is the fixed rate locked in for 5 years at the best rate on offer in market conditions where fixed rates are being increased across the board. The cost to rate lock and transfer should be offset by the cash back and we cover the annual fee for the 5 years with an upfront payment of $1,975(also waives app fee and standard valuation). After the 5 year fixed rate matures, the loan will be reviewed against other loans in the market as the variable rate it would convert to is not competitive in our opinion.

        • Steptoe on 13/04/2017 - 12:28

          What's the trailing commission paid by this lender?

          • Store RepCapeFin @ Cape Finance on 13/04/2017 - 12:30
            +1

            @Steptoe: Trail is 0.15%pa, on a $500k loan we are refunding 60% of our up front commission.

        • UFO on 13/04/2017 - 12:28

          Yes, I understand that. But like you pointed out in your own calculations, doesn't that all equate to a real comparison rate of 4.6%?
          That's still a good .5% above other rates, and coincidentally .5% on a $125,000 loan = $625 per year, or $3,125 over the term of the loan. That's pretty close to the 'upfront discounts' you are offering is it not?

          • Store RepCapeFin @ Cape Finance on 13/04/2017 - 12:31

            @UFO: That is based on the loan being $150k with minimum repayments over 25 years and not assessing other competitive options one the fixed rate special ends. In a real world scenario that would not be the case.

    • zaptech-au on 13/04/2017 - 12:13
      -4

      'advertisement' not 'bargain'

      • Store RepCapeFin @ Cape Finance on 13/04/2017 - 12:15

        We feel that refunding 5 years of annual fees from our commission and presenting a market leading fixed rate that would not otherwise be advertised might of interest to some.

        • zaptech-au on 13/04/2017 - 12:17

          office location?

          • Store RepCapeFin @ Cape Finance on 13/04/2017 - 12:18

            @zaptech-au: As per the post we are based in Perth, but we deal with clients Australia wide.

    • mskeggs on 13/04/2017 - 12:21
      +4

      Not sure why this is getting negatives. Is anybody aware of a cheaper 5yr fixed deal? This would have to be close to the cheapest ever for that term.

      • Store RepCapeFin @ Cape Finance on 13/04/2017 - 12:24

        We agree, based on what the competitors are offering it is very sharp, can't please everyone!

      • UFO on 13/04/2017 - 12:31
        -2

        @mskeggs

        Since you asked: https://www.aussie.com.au/mortgage-broker/lp/offer-hot-rates…

        5yr fixed, comparison rate of 4%.

        I'm not trying to be difficult, I'm just trying to understand the value of the OP's "deal". At present this still hasn't been explained.

        • Store RepCapeFin @ Cape Finance on 13/04/2017 - 12:33

          That is a 2 year fixed rate, not 5. It is also only available to owner occupiers and does not include a cash back, possibly has LVR restrictions as well.

          • UFO on 13/04/2017 - 12:35
            +1

            @CapeFin: I apologise… I just picked one of the links on the Canstar website.

            Best if people just go to the source and then sort by comparison rate: https://www.canstar.com.au/compare/home-loans/?amount=500000…

          • mskeggs on 13/04/2017 - 12:47
            +1

            @CapeFin: @UFO:
            Well, it seems a bit harsh to neg vote the deal if you can't find a better one?

          • UFO on 13/04/2017 - 12:53

            @CapeFin: @mskeggs:

            Oh come on mate, give me break. Are you really that lazy you can't even click on a link I provide?

            But by all means, go for this "deal" if you want. Good luck to you.
            (jeez you try and help someone and they throw it in your face… *sigh)

          • mskeggs on 13/04/2017 - 13:26
            +2

            @CapeFin: @UFO:
            But I did, and none were any lower for 5 years, so I'm not at all clear your rationale for negging the deal.

            I'm just saying it is a bit rich to neg a deal that is offering the lowest 5yr rate I've seen published because you would rather a variable mortgage.

          • UFO on 13/04/2017 - 13:39
            +1

            @CapeFin: @mskeggs:

            Mate, without even selecting the comparison sort button and just picking the very first lender that comes up at the top of the screen, there's this one: https://www.canstar.com.au/details/?distributor=canstar&tabl…

            Bank Australia, 5yr fixed, comparison rate 4.33%, no upfront or ongoing annual fees, and this is still cheaper than the offer above.

            And that's not looking for the cheapest, that's just looking at the very first one that comes up.
            I'm negging because there's cheaper… a lot cheaper.

            I've tried to ask OP to explain why this is a deal above, and the answers haven't exactly been clear as to why this is a "deal".
            I'm not sure what else I can say that hasn't already been covered.
            All I suggest is that people look past the 'secret offers from secret banks' and do their homework.
            Canstar is a great resource to do that… with no mortgage brokers required.

          • Store RepCapeFin @ Cape Finance on 13/04/2017 - 13:43

            @CapeFin: @UFO: IF you have a $150k loan, pay the minimum and repay over 25 years, whilst comparison rates need to be advertised, a common sense approach needs to be used.

          • UFO on 13/04/2017 - 13:49

            @CapeFin: @CapeFin:

            Ok, well it looks like we have to agree to disagree. You are advertising a special offer that doesn't seem that special to me.

            I'm going with black and white figures advertised, and you're alluding to a lack of common sense from my end. I'm not taking offence to that, because you are after all just trying to earn a living. But if I'm missing something obvious (like common sense of some other factor) then please tell me.

            Because I've asked direct questions above as to how this is a deal, and the responses have been vague and wishy washy like I'm missing 'the bigger picture' somehow. It's maths, not a mystery novel.

            Comparison rates are the 'common sense' denominator when it comes to loans. They factor in all the wishy washy into one simple figure. Whilst not the end all be all, they are a common sense starting point. 4.74% or 4.6% as you've advertised, isn't that special at all. My 2c. That's all.

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