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$1,500 Cash Back on All Home Loans >$400k, Variable: 3.59% (CR 3.6%), Fixed: 3.69% (CR 3.7%) @ Finsure

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$1,500 Cash Back on All Home Loans >$400k, Variable: 3.59% (CR 3.6%), Fixed: 3.69% (CR 3.7%) @ Finsure
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AssociatedLAJenkins on 26/09/2018 - 14:56 finsurecommercial.com.au (458 clicks)
Last edited 04/10/2018 - 14:56 by 1 other user

This is an OzBargain exclusive - $1,500 cash back for every loan settled*

Variable rate: 3.59%pa
Comparison rate: 3.60% pa
Fixed rates from 3.69% pa
Comparison rate: 3.70% pa

Free Offset account

Criteria:
PAYG only - so not available for self-employed
LVR less than 80%
At least 1 year in same line of employment

How it works: I am a broker with access to some lenders few brokers have access to.

I am a Credit Representative of Finsure Finance and Insurance Pty Ltd, Australian Credit Licence Number 384 704 www.finsure.com.au

To sign up to this deal simply PM me your email address and I will email you the requirements.

WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.
The loan application is subject to the lenders standard credit assessment terms & conditions.
The offer is based on a variable interest rate which can change at any time.

  • For deals <$400k, $500 cash back will be provided
Financial Home Loan Loan

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closed Comments

  • oleglap on 26/09/2018 - 15:17
    +8

    Header says "$1,500 Cash Back on All Home Loans >$400k,"
    Body says "This is an OzBargain exclusive - $1,000 cash back for every loan settled*"

    So is it $1k or $1.5k?
    You asterisk doesn't lead anywhere…

    • SydOzber on 26/09/2018 - 15:20

      😀

      • chingy213 on 26/09/2018 - 15:27
        +2

        And it sounds dodgy…

        "How it works: I am a broker with access to some lenders few brokers have access to."

        hrm….

        • Nik2205 on 26/09/2018 - 16:43

          I am also a broker. Brokers have access to some broker only lenders which special pricing and cashback offers. The majority of the lenders at the moment are offering up to $1500 cashback or up to 500,000 velocity points - all depending on the lender/loan amount. To clarify this post, I highly doubt that the broker in this case is giving the cashback out of his own pocket as this would be approx half the commission on a $400k loan. In regards to the rates/fees, generally speaking if there is any cashback from the bank, the bank will require you to be on a "package" loan with an annual fee so you really have to weigh up the cost of such cashback and how long you think you will be paying the annual fee for.

          • Scab on 26/09/2018 - 16:53
            +3

            @Nik2205:

            I am also a broker. Brokers have access to some broker

            I too am a broker who brokers access to brokered brokers.

      • AssociatedAJenkins @ finsurecommercial.com.au on 26/09/2018 - 16:49

        Hi oleglap. Thank you for alerting me to this - I have made the change. It is $1,500 cash back

    • scanuck on 26/09/2018 - 16:03
      +3

      And then says “For deals <$400k, $500 cash back will be provided”

      3 diff amounts

    • justtoreply on 27/09/2018 - 08:44

      $500 for less than 400k

      Considering discharge fees are about $400
      Package annual fees are $400 (probably applicable) plus you'll likely lose the portion paid on your package fee with your current bank
      Plus mortgage transfer fees etc

      Anything less than about $1000-1400 and you'll be out of pocket

      • baron33 on 02/10/2018 - 11:54

        Does discharge fee apply to all kinds of home loan?

  • maverick1 on 26/09/2018 - 15:40

    m currently in touch with another broker trying to get a loan sorted, if I approach you now would it be a conflict of interest.

    • stockastics on 26/09/2018 - 15:45

      Nah, more options..

    • Scab on 26/09/2018 - 16:54

      conflict of interest.

      No such thing in this industry.

  • John Kimble on 26/09/2018 - 15:54

    Which lenders? How come your comparison rates are barely different? I've never seen a comparison rate equal the lending rate when you get an offset account, but then again I've not looked that hard.

    Are you paying the admin fees or the lenders don't charge somehow?

    Edit: Oh looks like you have "fee waivers"

  • Homr on 26/09/2018 - 16:18

    Can I get 5% cashback from cash rewards?

  • regenade on 26/09/2018 - 16:37

    The brokers are finding it tough and are all on OzBargain. @OP Why don't you toughen up and fight together with the Banks ?

  • CachePC on 26/09/2018 - 16:42

    So this is for owner occupied only?

    • AssociatedAJenkins @ finsurecommercial.com.au on 26/09/2018 - 16:51

      Hi CachePC - the cash back is for both owner occ and investor. The rates quoted are starting rates for owner occ

      • justtoreply on 27/09/2018 - 08:46
        +1

        Starting rates? Ie: honeymoon period?

  • User102430 on 26/09/2018 - 16:49

    wow, this speaks volume about current market condition, since people need to advertise their services on OzBargain…

    • Muscles on 26/09/2018 - 18:08
      +1

      Don’t think so.
      I’ve seen this stuff for ages on OzB

  • RubenM on 26/09/2018 - 17:21

    Not really a bargain. My mortgage broker is giving a similar amount for the first property and more than that for subsequent properties.

    http://www.cashbackmortgage.com.au/

  • tg on 26/09/2018 - 19:45
    +2

    @AJenkins

    What is the rate for investment I/O?
    What is the rate for investment P+I?

    What generous is the serviceability assessment compare to Macquarie Bank, Pepper & Liberty?
    Will 80% LVR be accepted without LMI? (because you said less than 80%)?
    What is the annual fee? application fee? legal fee? valuation fee? loan discharge fee?

    How much does it cost to split the loans into multiple portions?
    Can offset account be accessed via a bank card or debit card?

    • tg on 27/09/2018 - 20:12
      +1

      Sorry.. typo…
      How generous is the serviceability assessment compare to Macquarie Bank, Pepper & Liberty?

      • AssociatedAJenkins @ finsurecommercial.com.au on 28/09/2018 - 16:20

        Hi tg

        I would be happy to help. Could you please advise your mobile number so I can call you to discuss.

        Kind regards

  • mustkill on 26/09/2018 - 19:55
    +2

    A broker with 0 attention to detail. Pass.

  • temporiser on 01/10/2018 - 20:49

    I’m after four loans - one PPOR and three investments. Does this mean I will get $6000 cash back? Are there any conditions to receiving the cash back?

  • rightiomate on 27/11/2018 - 14:41

    Is this cash back and rate still on offer?

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