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$4,000 Refi Cashback Loan > $700k, $0 Application Fee, Variable 2.15% (CR 2.17%) or Fixed 2 Yrs 2.99% (CR 2.98%) @ Heritage Bank

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$4,000 Refi Cashback Loan > $700k, $0 Application Fee, Variable 2.15% (CR 2.17%) or Fixed 2 Yrs 2.99% (CR 2.98%) @ Heritage Bank
Go to Deal
Store Repfootyboy @ Blue Owl Finance on 09/04/2022 - 09:44 heritage.com.au (207 clicks)
Last edited 10/05/2022 - 12:12 by 3 other users

Up to $4,000 cashback to refinance
Refinance your home loans over $500k but less than $700k with an LVR of 80% or less to qualify for $3,000 cashback.
Loans over $700k with 80% or less LVR qualify for $4,000 cashback if you apply before 30 April 2022.

Up to $4,000 cashback for loans with LMI (refinances & purchases)
Loan >80%? No worries, you can still qualify for the cashback offers for refinance and purchase

If your home loan is over $500k but less than $700k, you could qualify for the $3,000 cashback offer.
If your loan is $700k or more, you could qualify for $4,000 cashback if you apply before 30 April 2022.

No application fee - save up to $600
You can still enjoy saving up to $600 by applying for an eligible home loan before 30 April 2022 and paying no application fee.

Our Pick Of The Rates - full list available via link
Owner occupier variable 2.15% (comp 2.17%)
Owner occupier fixed 2 years 2.99% (comp 2.98%)

Investor variable 2.38% (comp 2.40%)
Investor fixed 2 years 3.19% (comp 3.18%)

$0 annual fee for variable, $350 annual fee for fixed, under Home Advantage package.

COMPARISON RATE WARNING:
Each comparison rate is based on $150,000 over 25 years. These comparison rates apply 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. Comparison rates for Interest Only Fixed Rate home loans are based on an initial Interest Only period equal in length to the fixed rate period. Comparison rates for Interest Only Variable home loans are based on an initial 5 year Interest Only period.

Who are Heritage Bank?
Heritage Bank have 4 million customers, have over 50 branches, 24/7 Aussie phone support and have been around for 147 years. Rates and fees are cheaper as no external shareholders, profits go back into the bank's customers.

Who am I?
Home lender and mortgage broker for 8 years, settled over 1,000 home loans, including 46 happy OzBargainers to date, who have enjoyed 100% approval rate. Personally hooked on OzB since 2015. I know this won't appeal to everyone, however I don't offer broker cashbacks as I prefer quality service over mass volume. There are brokers on OzB that do offer cashbacks.

Hope you find this useful,
Aidan
Owner & Mortgage Broker at Blue Owl Finance
[email protected]
www.blueowlfinance.com.au
Link to my calendar to book 15 minute appointment here

ABN 27 646 433 374 | Certified MFAA Member 230928 | Australian Credit Licence number 387025 | Credit Representative’s number 527699

Referral Links

$250 Gift Card with Loan: random (43)

When an existing Heritage member refers a new member and that new member has a Heritage home or business loan approved and fully funded within 3 months of the membership creation, both the new member and the referrer receive a $250 pre-paid Visa gift card.

Win $1000 with New Account: random (54)

Referrer and referee go into the draw to win a $1000 prepaid visa gift card each. Tell heritage you were referred and give them the member number.

Financial Cashback Home Loan Loan Mortgage Broker Refinance

Related Stores

Heritage Bank
Heritage Bank
Blue Owl Finance
Blue Owl Finance
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closed Comments

  • Store Repfootyboy @ Blue Owl Finance on 09/04/2022 - 09:45

    Here to help with any policy or scenario questions.
    Aidan
    [email protected]

  • BellaWii on 09/04/2022 - 10:05

    No offset unless you go with the Home Advantage package and $350 pa. Heritage said possibility of valuation fee depending on property when I enquired last week. Loan settlement has to be by 30 June.

    • Store Repfootyboy @ Blue Owl Finance on 09/04/2022 - 10:09

      Heritage will pay the first $330 of the valuation, which will cover all costs in 95% of cases đź‘Ť

  • Lucille Bluth on 09/04/2022 - 10:25
    +1

    Just go to Athena if lending is available for your address. 1.89% comparison variable, no ongoing fees.

    Disregard the cashback, gets eaten up by the higher interest rate anyway. Use the Athena referral randomizer to get $250 bonus after settlement.

    • Store Repfootyboy @ Blue Owl Finance on 09/04/2022 - 10:29
      -1

      Good point!
      We do find Heritage's lending calculator very generous (often needed for bigger loans) and with the option to fix the rate, with a big cashback, very appealing to a good portion of clients.

      • Happybird on 09/04/2022 - 21:41

        Is Heritage Bank more generous than non-bank lenders such as Firstmac or Pepper?

        • Store Repfootyboy @ Blue Owl Finance on 09/04/2022 - 21:59

          Most scenarios, no. However they don't look at DTI, so about as generous as it gets for ADIs.

    • tunzafun001 on 09/04/2022 - 13:25

      Athena have no charge for offset accounts? And can you have 2 or more ?

      • Store Repfootyboy @ Blue Owl Finance on 09/04/2022 - 13:36

        Athena and Heritage are completely different propositions that will both appeal to different borrowers.

        Not everyone qualifies for Athena, just one example is this offer gives $4k for LMI purchases and refinances, Athena don't do loans above >80%.

        Another, Athena's 2 year fixed is 4.39% vs Heritage's 2.99% and Heritage give the $4k here too.

        Have a great weekend.

        • tunzafun001 on 09/04/2022 - 13:47

          4.39 …2 years… Hahaha…

          What if you have multiple properties, 2x $120k, 1 x $300k can you still get cashback since the net worth is over $500?

          Guessing will have to pay for 2 of the valuations as well? Which someone pulls up, takes a photo and keeps on driving …$350 each.

  • Jason Genova on 09/04/2022 - 16:59
    -2

    pfft who borrows more than 700 grand

    • Store Repfootyboy @ Blue Owl Finance on 09/04/2022 - 19:19
      +1

      Haha yea right, likely anyone who bought in a city in the last 2 years. Double it if Melb / Syd.

  • Jaff on 26/04/2022 - 22:26

    Is the rate same if we apply now ?

    • Store Repfootyboy @ Blue Owl Finance on 27/04/2022 - 20:55

      @Jaff Variable still 2.15%, but fixed now 3.34%.

      Contact me if you want me to review better options

      [email protected]

  • pyramid on 27/04/2022 - 20:57

    Do they give option to release equity during refinance to buy second property ?

    • Store Repfootyboy @ Blue Owl Finance on 27/04/2022 - 20:58

      Yep.

      • pyramid on 27/04/2022 - 21:00

        How good they are with valuation ? What's turnaround time for loan refinance ?

        • Store Repfootyboy @ Blue Owl Finance on 28/04/2022 - 17:11

          As good as anyone with valuations.

          13 business days, increased volume due to this cashback offer.

  • Jaff on 28/04/2022 - 17:33

    What is the general feel these days wrt variable vs from fixed?

    • Store Repfootyboy @ Blue Owl Finance on 29/04/2022 - 10:56

      Lots of borrowers still wanting fixed rates, despite recent rises.

      I'm a big fan of the split loan.

  • Store Repfootyboy @ Blue Owl Finance on 10/05/2022 - 11:51

    Deal updated and $4,000 offer extended.

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