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100% Trail Cashback + $1,250 Refinance Cashback 3.88% 2 Years Fixed P&I (4.51% Comparison Rate) Investor or Owner

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100% Trail Cashback + $1,250 Refinance Cashback 3.88% 2 Years Fixed P&I (4.51% Comparison Rate) Investor or Owner
Go to Deal
AssociatedSolutionHomeLoans on 28/05/2017 - 20:32 solutionhomeloans.com.au (571 clicks)
Last edited 31/05/2017 - 14:17 by 2 other users

We are mortgage brokers and have access to exclusive service through a major bank.

The main purpose of this offer exclusive to OZBARGAIN, is to offer a market leading product/rate while giving you 100% TRAIL CASHBACK!

Owner occupied 3.88% Fixed for 2 years with P&I repayments – Comparison rate 4.51%
Investment 3.88% Fixed for 2 years with P&I repayments – Comparison Rate 4.93%

REFINANCE = $1,250 cash rebate per property

Minimum loan size: $250,000

ACCEPTABLE PURPOSES:
REFINANCE
PURCHASE
EQUITY RELEASE
DEBT CONSOLIDATION

FEATURES:
Principal & Interest Repayments
$30,000 in extra repayments over the fixed period
Redraw
Split loan available
Industry Specialisation 90% no mortgage insurance
Internet Banking
Telephone Banking

CRITERIA:
PAYG Income
Self-employed income must be profitable and provide last 2 years financials
LVR less than 90% inclusive of mortgage insurance
Income from Australia
Must be a citizen or permanent resident
FEES:
$395 annual fee
Standard Valuation Free
Rate Lock Fee 0.10% of the fixed loan portion lasts 90 days – not compulsory

The loan application is subject to the lenders policy, terms and conditions apply.

Credit Representative Number 491934 & 456296 authorised under ACL 384704.

Contact Solution Home Loans via [email protected] or 0422 189 242

Financial Home Loan Interest Investment Loan Investor Loan

Related Stores

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closed Comments

  • footyboy on 28/05/2017 - 20:35

    How much is trail?

    • AssociatedSolutionHomeLoans @ solutionhomeloans.com.au on 28/05/2017 - 20:38
      +1

      0.15%

        • cumova on 28/05/2017 - 20:45

          @SolutionHomeLoans:
          Trail is 0.15%
          upfronts are usually 0.65%

          How long will you cashback the trail?

        • AssociatedSolutionHomeLoans @ solutionhomeloans.com.au on 28/05/2017 - 20:49

          For as long as your loan is with Solution Home Loans

  • batrarobin on 28/05/2017 - 20:47

    Hello Op,

    (1) Is there any offer on 3 year fixed?
    (2) Are there any Bank/Govt fees that we would have to pay?
    (3) In what form do we get that $1,250 cash rebate? Does it get subtracted from the loan amount?
    (4) Does it come with any offset account?

    Thanks.

    • AssociatedSolutionHomeLoans @ solutionhomeloans.com.au on 28/05/2017 - 20:58
      +1

      Hi Batrarobin,

      1) there is a 3.99% P&I offer still on the 3 year
      2) Bank Fees = $395, Govt Fees: depends on state but per property will be roughly 300-320 you will have to pay a mortgage registration fee x 2 for refinances.
      3) This is paid into your account 1 month after settlement by WESTPAC. Not subtracted from loan amount. - all under the assumption you are eligible.
      4) The fixed rate does not come with an offset, if you have funds you would like to put into your home loan we can organise a variable loan split.

      hope that answers your questions :)

  • Userr on 28/05/2017 - 20:49
    -1

    Is the cashback still available? I can't see it on the Westpac website.

    • AssociatedSolutionHomeLoans @ solutionhomeloans.com.au on 28/05/2017 - 21:01

      yes it still is available at this stage, they generally do not advertise on their retail website, it is a limited time offer!

  • Muscles on 28/05/2017 - 21:20

    It looks like an advertised rate? Not exclusive

    https://www.westpac.com.au/personal-banking/home-loans/fixed…

    • BluBoy on 28/05/2017 - 21:26

      I think the deal is on the trailing commission.

      (Which by the way… Could someone provide a demo on how much this would be worth on the average loan size (say $500k))

      • Muscles on 28/05/2017 - 21:28

        Fair point but I was referring to the first paragraph

        "We are mortgage brokers and have access to exclusive rates through WESTPAC."

        To answer your question,
        The calculation would be $500,000 x 0.15% = $750 pa

        That would be 750/12 = $62.50 per month

        • AssociatedSolutionHomeLoans @ solutionhomeloans.com.au on 28/05/2017 - 21:31

          Amended :)

      • AssociatedSolutionHomeLoans @ solutionhomeloans.com.au on 28/05/2017 - 21:29
        +1

        So how it works is $500,000 x 0.0015 = $750 the yearly amount you would earn. As trail is based on loan remaining it would be less than this as you would be paying down the principal over the year.

        • BluBoy on 28/05/2017 - 21:30

          Thanks! :)
          That'll cover the annual fee (and then some)

  • chee1 on 28/05/2017 - 21:41

    I have a variable rate home loan with Westpac at the moment. Do i still qualify for this if i switch to fixed rate? Thanks

    • AssociatedSolutionHomeLoans @ solutionhomeloans.com.au on 28/05/2017 - 21:43

      Yes for the 100% trail and no to the cashback for the rebate you have to be from a different lender. PM me if interested.

  • Deal finder on 29/05/2017 - 09:44

    There are some brokers who offer 50% of the upfront commission as a rebate to the customer. Might be a better deal for someone who refinances their home loan every 2-3 years..

    • cumova on 29/05/2017 - 11:17
      +1

      which brokers are they?

      • Deal finder on 29/05/2017 - 14:27

        Google "mortgage brokers offering cash back"

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