ING Home Loan Refinance $3,000 Cashback (Minimum Loan $500,000, Variable from 3.19% (3.22% CR), under 80% LVR)

ING annouced reduction in their variable rates effectively today, 22/7. Great option for variable with redraw facility with no annual fee.
To be eligible, the below criteria must be met:
•received by ING between 1 July 2021 and 30 Sep 2022.
•only available for the refinance of an existing home loan from another lender
•settles by 31 December 2022
•any ING home loan products with a minimum loan amount of $500,000
•LVR less than or equal to 80%.
•limited to one $3,000 refinance cashback per application irrespective of the number of properties or borrowers.

Rates Highlights:
Owner occupied P&I with comparison rate (CR)
Mortgage Simplifier Variable with redraw facility under 80% (OO PI) IR at 3.19% CR at 3.22%
Orange Advantage Variable with offset facility under 80% (OO PI) IR at 3.34% CR at 3.67%
2 year fixed at 5.09% under advantage package
3 year fixed at 5.39% under advantage package

Investment P&I with comparison rate (CR)
Mortgage Simplifier Variable with redraw facility under 80% (OO PI) IR at 3.44% CR at 3.47%
Orange Advantage Variable with offset facility under 80% (OO PI) IR at 3.59% CR at 3.91%
2 year fixed at 5.29% under advantage package
3 year fixed at 5.59% under advantage package

Other refinancing rebates available:
BOQ/Virgin Money - Get up to $2,500 cashback when you refinance your home loan before 31 Aug 2022 T&Cs apply.
MYSTATE - Get up to $3,000 cashback when you refinance your home loan until 31 Aug 2022 T&Cs apply.
ME - Get up to $2,500 cashback when you refinance your home loan until 31 Aug 2022 T&Cs apply
Citibank - Get up to $6,000 cashback when you refinance your home loan until 31 Aug 2022 T&Cs apply
Please note that there are other rebates from other banks which we can show you as part of our report to you.

Comparison Rates
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.

Broker Rebate Terms and Conditions
We are offering a $500 upfront cashback for loan greater than $500k (excluding offset and redraw) for any fixed term loan of 2 years or more. $1,000 upfront cashback for loans $1M and above (excluding offset and redraw) for any fixed term loan of 2 years or more. When all loan is variable, rebate is paid in 2 instalments in 2 months and 24 months.
Maximum of 1 cashback per household.

My Profile:
Ex CPA accountant for a government corporation for over 10 years before joined my own mortgage broker as a trainee before becoming a full-time mortgage broker for over 8 years now and no plan to go anyway. Recent review over 100 clients. Won National Top Broker for customer service award 2022.

Contact me for a no obligation meeting via Calendly or call me directly.
James Sim - Senior Mortgage Broker
M: 02 8319 4862 / 0487 000 098
E: [email protected] or [email protected]
W: https://www.nectarmortgages.com.au/project/james-sim/
and http://jamessimbroker.com.au/
Australian Credit License number 387856