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Variable Home Loan from 2.64% (CR 2.98%), $0 Application Fee, $0 Ongoing Fees, 2 Year Intro @ Westpac

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Variable Home Loan from 2.64% (CR 2.98%), $0 Application Fee, $0 Ongoing Fees, 2 Year Intro @ Westpac
Go to Deal
AssociatedWilson Heroes HL @ Heroes Home Loans on 04/07/2022 - 10:13 westpac.com.au (526 clicks)
Last edited 18/08/2022 - 11:20 by 1 other user

**The good news, is the rate after the 0.5% RBA rate increase, Westpac is offer one of the lowest rates in the market

This has a free and unlimited redraw, with no offset and no annual fee

Principal and Interest Owner Occupied HOME LOAN
Variable - 2.64% (CPR 2.98%) FOR LVR <70% 2 year intro
Variable - 2.74% (CPR 3.08%) FOR 70% < LVR < 80% 2 year intro

Principal and Interest INVESTMENT HOME LOAN
Variable - 3.04% (CPR 3.38%) FOR LVR <70% 2 year intro
Variable - 3.14% (CPR 3.48%) FOR 70% < LVR < 80% 2 year intro

Fees for Westpac
Annual fee - Nil
Application fee - Nil

After two years, the rate will increase by 0.4% but you can refinance to another financial institution to get a better deal.

^Apply by 31st July 2022, settle by 31st October 2022. Owner Occupier loans (P&I repayments) and Investment Property Loans, with LVR+ up to 80% and min $250k loan. Flexi First Option or packaged# home loans only ($395 annual package fee). Only one cashback offer available per primary applicant within a 12 month period. Excludes refinances within Westpac Group.. Terms and conditions are here.

We also offer the following product as well
ANZ - 2.79% variable for Owner Occupied + 300 000 Qantas Points
Suncorp - 2.72% variable rate for Owner Occupied up to $4000 cashback
Citibank - 2.74% variable rate for Owner Occupied up to $6000 cashback

Heroes Home Loans are also providing an additional incentive broker rebate of up to $4,000 if user our service (note this applies to all products).

Please feel free to email me at [email protected] or text/call me on 0479107213 and I would be happy to answer all finance related questions.

Wilson Yuan
Managing Director
Credit Representative Number is 530101 under Australia's Services Australian Credit License (ACL) 389328 © 2021 HEROES HOME LOANS AUSTRALIA PTY LTD

If you apply via me, you will $3000 cashback + bonus offer then if you apply directly with the bank

Financial Home Loan Refinance

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closed Comments

  • jwsc on 04/07/2022 - 10:15
    -3

    is there an offset?

    • Tock on 04/07/2022 - 10:19
      +5

      "This has a free and unlimited redraw, with no offset and no annual fee"

  • Roj on 04/07/2022 - 10:20

    your contact detail please

    • AssociatedWilson Heroes HL @ Heroes Home Loans on 04/07/2022 - 10:44
      +1

      Please feel free to email me at [email protected] or text/call me on 0479107213 and I would be happy to answer all finance related questions.

      Wilson Yuan
      Managing Director

  • Drakesy on 04/07/2022 - 10:25
    +2

    It's just going to keep going up
    and up
    and up
    and up

    • Trying2SaveABuck on 04/07/2022 - 10:26

      till it goes down?

      • elecpurch on 04/07/2022 - 14:21

        What goes up must come down?

        • King Tightarse on 05/07/2022 - 14:02

          When its good and ready.
          I can remember 15.95% home loans in the 90s…

  • Kas on 04/07/2022 - 10:30

    2 Year Intro doesn't mean 2 years fixed rate… isn't it?

    • D0cker5 on 04/07/2022 - 10:42
      +1

      Correct. It’s just a discounted rate from the normal standard variable. If rates go up or down this would follow suit but still with the discount applied.

    • ONEMariachi on 04/07/2022 - 10:42
      +1

      Doesn't look like a fixed rate, more a discount based on the sites wording.

      Rate includes a 1.94% p.a. discount for 2 years from loan settlement reverting to a 1.54% p.a. discount thereafter^

      • AssociatedWilson Heroes HL @ Heroes Home Loans on 04/07/2022 - 10:47

        It's a intro rate, (ie honey moon rate for two years) after which we recommend to refinance elsewhere.

        • Kas on 04/07/2022 - 10:56

          honey moon rate for two years?
          still it can be increased within this two years, or as you said "rate for two years"?

          • AssociatedWilson Heroes HL @ Heroes Home Loans on 04/07/2022 - 11:07

            @Kas: It's a variable rate so that rate can go up or down but the discount given will be fixed for the two years

        • Trishool on 04/07/2022 - 11:50

          Have the RBA announced a 0.5% increase? I havent seen it anywhere in the news and thought this was normally confirmed around 2pm AEDT.

          • crc32 on 04/07/2022 - 11:55
            +1

            @Trishool: Tomorrow.

            • Trishool on 04/07/2022 - 11:56
              +1

              @crc32: Aah yeah sorry for some reason my brain was in Tuesday already.

      • Tleyx on 04/07/2022 - 11:24
        +1

        Just take it and the $4k then refinance in six months for another $4k deal, you are better off not being loyal

  • Ashmattic on 04/07/2022 - 10:32
    +1

    Why this over AusWide's 2.51?

    • AssociatedWilson Heroes HL @ Heroes Home Loans on 04/07/2022 - 10:46
      -1

      Auswide is unknown financial institution, while Westpac is one of largest financial institution in the country, so less chance that Westpac will go under. You might have seen the news that Volt Bank recently went in liquidation. Also Westpac offers no fees while Auswide does, and Westpac offers cashback which Auswide doesn't.

      • tajid on 04/07/2022 - 12:00
        +1

        What happens when/if your lender goes down?

      • Korban Dallas on 04/07/2022 - 12:30

        Bit extreme but they have better product reviews than Westpac.

        They sponsor the Broncos?

        Surely a top 15 bank by now and one of the biggest Ozzie owned banks

      • Ashmattic on 04/07/2022 - 14:40

        I really don't understand the concern of a bank you have a variable loan with being closed… Can't you just refinance to another bank if it does?
        My broker tells me there's only the application fee for AusWide.
        I'm sure Westpac would have a better app but can't really see any other reason to go for them

        • AssociatedWilson Heroes HL @ Heroes Home Loans on 04/07/2022 - 14:48

          The main issue is that you wont be able to access your funds (redraw) in your account if the bank goes down.

        • tjhogwash on 04/07/2022 - 15:14

          The main issue is that mortgage brokers don't get commission from the neobanks 😉

          • ctan7 on 04/07/2022 - 16:23

            @tjhogwash: the main issue is that neobanks is dropping like flies in Australia.

        • hoangdekiem on 05/07/2022 - 12:15

          Does your broker offer cashback for Auswide? I am looking to refinance to Auswide

    • El-Rhi on 05/07/2022 - 06:35
      -2

      Because the broker doesn’t get a commission if you go to AusWide

      • AssociatedWilson Heroes HL @ Heroes Home Loans on 05/07/2022 - 09:25
        +1

        Not true, I'm accredited with Auswide.

        • hoangdekiem on 05/07/2022 - 12:16

          Do you offer cashback for Auswide?

  • pd145 on 04/07/2022 - 10:35

    What's your fixed rate?

  • hippyhippy on 04/07/2022 - 10:42
    +1

    Any deals like this with an offset?

    • Albert2022 on 04/07/2022 - 10:58

      Anz should have offset but it is points not cash

  • alz on 04/07/2022 - 10:46

    Stupid question: If you sign up to a variable offer now and this month the RBA lifts rates, does that mean whatever you signed up to will go up as well?

    • AssociatedWilson Heroes HL @ Heroes Home Loans on 04/07/2022 - 10:47

      Yes that's correct

    • Albert2022 on 04/07/2022 - 10:59

      Honeymoon rate is the 2 year discount youblocked in Eleuthera westpac

  • cooldog on 04/07/2022 - 11:17

    It is cheaper to buy than rent.

    • CDG on 04/07/2022 - 11:24

      only if you have the cash for deposit

    • Tleyx on 04/07/2022 - 11:24

      Except for the capital loss if you need to sell because of divorce etc

      • Trishool on 04/07/2022 - 11:47
        +7

        Not all buyers are married. And not all marriages end in divorce.

        • Tleyx on 04/07/2022 - 14:54
          -2

          You do know what etc means?

      • demiurge on 04/07/2022 - 13:06

        lol capital loss is the least of your worries in a divorce.

    • TEER3X on 04/07/2022 - 11:33
      +1

      I wouldn't buy anything in the next 6 months at least.

      Prices are coming down (save for a few smaller cities), and there's likely to be a market overreaction, which means double digit percentage falls.

      • Trishool on 04/07/2022 - 11:48
        +1

        Prices down, rates up.
        Rates down, prices up.
        When does a buyer actually win?

        • Slo20 on 04/07/2022 - 11:51
          +6

          When you’ve paid off your loan.

        • skinny on 04/07/2022 - 12:32

          Buy early and let the prices over time go up!

      • tunzafun001 on 04/07/2022 - 13:30

        All relative if you are moving. Your house is probably down, as would the house you are buying.

        Can I always try and sell high, and then rent and pick the bottom and buy back in…but will likely just end up with a stinky finger ..and no house.

      • Geoff-bargain on 05/07/2022 - 08:04

        Should be getting more upvotes. Rates going up 0.5% today and another 1% this year (at least). Prices will be coming down. Unless you have to buy for somewhere to live why catch a falling knife? Save a few years from your mortgage and wait till next year.

  • knowwhat on 04/07/2022 - 11:43

    Hi OP,
    I was with Westpac for my owner occupied property and have moved out of Westpac in Nov 2021.
    I wanted to refinance my investment property with Westapc from ANZ (finishing 2 years fixed term in end of September) and was wondering if I would be eligible for cashback?
    Also any options for fixed interest rate for IP (principal and interest)?
    Cheers

    • AssociatedWilson Heroes HL @ Heroes Home Loans on 04/07/2022 - 14:47

      Hey

      When did you take the owner occupied property with Westpac,

      How many years fixed were you looking for and what was the loan size/property value

  • nookie on 04/07/2022 - 12:26

    If you apply via me, you will received $4000 cashback from Westpac instead of the normal $3000 cashback that you will received if you apply directly with the bank….did you forget the word 'Up To'???

    • AssociatedWilson Heroes HL @ Heroes Home Loans on 04/07/2022 - 12:56

      No it's $4000 via me or $3000 via directly the bank

      • MuddyClear on 04/07/2022 - 13:45

        How soon do you get $4000?

        Any extra fees and charges signing up with you vs bank?

        • Shuey on 04/07/2022 - 14:11

          From recent experience, typically a couple of weeks (less than a month) after settlement date.

        • AssociatedWilson Heroes HL @ Heroes Home Loans on 04/07/2022 - 14:46

          Should be with 60 days of settlement,

          No extra fees (actually you make more money going via me then a bank through the broker rebates + greater bank cashback)

  • CIouds on 04/07/2022 - 13:00

    If I'm already a Westpac Customer but my Fixed Loan is coming up, am I still able to apply for this offer?

    • AssociatedWilson Heroes HL @ Heroes Home Loans on 04/07/2022 - 14:45

      No, unfortunately only new customer to Westpac. But we do have other offers from other lenders

      ANZ - 2.79% variable for Owner Occupied + 300 000 Qantas Points
      Suncorp - 2.72% variable rate for Owner Occupied up to $4000 cashback
      Citibank - 2.74% variable rate for Owner Occupied up to $6000 cashback

  • tunzafun001 on 04/07/2022 - 13:31

    What's the rule on OO rates for an investment property you intend to move back into? Intention still the key?

    • MuddyClear on 04/07/2022 - 13:43

      What is OO rates?

      • webtonmoy on 04/07/2022 - 14:01

        owner occupier?

    • AssociatedWilson Heroes HL @ Heroes Home Loans on 04/07/2022 - 14:43

      Last time I check, you need provide evidence that you move back into the property.

  • johnnytran on 04/07/2022 - 13:38

    Anything from NAB with offset?

    • AssociatedWilson Heroes HL @ Heroes Home Loans on 04/07/2022 - 14:43

      Send me a message at [email protected] or text/call me on 0479107213 and I would be happy to give you NAB quote with offset.

  • freedomofspeech on 04/07/2022 - 13:51

    So owner occupied with 80% LVR would be 2.74? Asking because it says between 70-80? Also does 2 years intro mean l can't leave after 1.5 years

    • AssociatedWilson Heroes HL @ Heroes Home Loans on 04/07/2022 - 14:42

      Yes, the rate would be 2.74.

      2 years intro, means that the discount is for two years but it's recommend to switch lender every two years.

  • goingDHfast on 04/07/2022 - 14:05

    Whatever happened to the online broker Shroogle that offered 100% commission cashback? The founder was even interviewed by Alan Kohler but then they seemed to quietly disappear.

    • AssociatedWilson Heroes HL @ Heroes Home Loans on 04/07/2022 - 14:40

      There business went liquidated, no way they could have sustain any business with that model.

  • pipster11 on 04/07/2022 - 14:30

    whats the leadtime to sign up?
    waiting for westpac to get the paperwork back to us at the moment for the $3k deal

    • AssociatedWilson Heroes HL @ Heroes Home Loans on 04/07/2022 - 14:41
      +1

      currently we have 24-48 hours to process your application.

  • webtherapist on 04/07/2022 - 15:16

    what is the best offer(s) out there now with offset guys?

    • AssociatedWilson Heroes HL @ Heroes Home Loans on 05/07/2022 - 09:24

      Hey mate, it depends on the loan size.

      Are you able to send me a msg to [email protected] so I can get you quote.

  • Wazowski on 04/07/2022 - 15:29

    If the remainder of my home loan is under $250,000, can I still borrow $250,000 to get the $4000 Cashback?

    • AssociatedWilson Heroes HL @ Heroes Home Loans on 04/07/2022 - 15:46

      Yes you can

      • XCelR8 on 05/07/2022 - 12:28

        What about if your homeloan was $240k to start and now you only owe 180k? Any offers?

        • AssociatedWilson Heroes HL @ Heroes Home Loans on 07/07/2022 - 10:02

          Need to take loan $250K to qualify for the cashback

  • SkoMo on 04/07/2022 - 16:07

    Is this for new home loan?

    • AssociatedWilson Heroes HL @ Heroes Home Loans on 04/07/2022 - 16:10

      New to Westpac

      • SkoMo on 04/07/2022 - 16:41

        Ok. It's new to Westpac but not refinancing.
        A fresh loan application.

        Still qualifies for $4000?

  • bs0 on 04/07/2022 - 18:54

    Westpac offering 2.94% variable investment property loan, $4000 CB, if you asked them directly.

    • tychiang82 on 04/07/2022 - 21:54

      Is there a contact person for this? I would like to get this offer!

      • bs0 on 04/07/2022 - 22:04

        I just reached out through the Westpac mortgagee application website, and this is their current offer, as of today

  • chriise on 04/07/2022 - 19:27

    Hey Wilson are land and construction purchases eligible?

    • AssociatedWilson Heroes HL @ Heroes Home Loans on 05/07/2022 - 09:24
      +1

      For the rate yes, but no on cashback (cashback is only for refinances)

  • Westpac on 04/07/2022 - 22:29

    What’s the best deal for a variable loan <80% with offset?

    • AssociatedWilson Heroes HL @ Heroes Home Loans on 05/07/2022 - 09:24

      Hey mate, it depends on the loan size.

      Are you able to send me a msg to [email protected] so I can get you quote.

      • King Tightarse on 05/07/2022 - 14:41
        +1

        Hey Wilson could you pls lay out some examples of best offset deals here if possible?

        • AssociatedWilson Heroes HL @ Heroes Home Loans on 07/07/2022 - 11:29

          Here's some rough numbers with offset and owner occupied, Please note the * are indicative and is case by case and before the yesterday RBA rate increase of 0.5%
          Westpac - 3.09%- 3.19%*
          ANZ - 2.84%-2.89%
          Bankwest - 2.74%
          Citibank -3.04%

      • Westpac on 05/07/2022 - 23:37

        I rather msg here first. Can you give some rough figures for loan over $250k?

        • AssociatedWilson Heroes HL @ Heroes Home Loans on 07/07/2022 - 11:29

          see above response

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