This was posted 2 years 1 month 11 days ago, and might be an out-dated deal.

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Refinance Your Mortgage & Get up to $4,000 Broker Cashback + Loan Establishment Fee Rebate @ Soren Financial

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Refinance Your Mortgage & Get up to $4,000 Broker Cashback + Loan Establishment Fee Rebate @ Soren Financial
Go to Deal
MarketingPmans246 on 11/10/2022 - 12:03 sorenfinancial.com (137 clicks)
Last edited 11/10/2022 - 12:31 by 1 other user

To all Ozbargainers,

Soren Financial will give you a cash top up for refinancing through us. This is based on your net loan amount (subtract any cash sitting in an offset/redraw). The break down you will receive is based on your loan amount.

Loan amount Cashback
$500,000 to under $1 million $1,000
$1 million to under $1.5 million $1,500
1.5 million to under $2 million $3,000
$2 million & more $4,000

We also pay/cover your loan establishment fees charged by the incoming bank!

This is on top of any existing lender/bank cash back offers. Here are some of the cashback offers for your reference:

Citibank Up to $5,000 (Purchase and Refinance)
Ubank Up to $4000 Cashback (Purchase and Refinance)
ANZ $4000 cashback
St George $4,000 cashback
Suncorp $4000 Cashback
ING $3,000 Cashback
Westpac 2,000 special Cashback

The rates available to us are exactly the same as what the lenders are offering on their respective websites. Get in touch with us and we can discuss your loan scenario, take a look at your loan value ratio/serviceability and work out the best way forward.

Take a look at our google reviews :) and then get in touch either via [email protected] or booking in a time here: https://bit.ly/3lAZKqL or go to our website and send an enquiry

WE LOOK FORWARD TO ASSISTING YOU WITH YOUR FINANCE

Soren Financial aggregate through Finsure Australian Financial License 384704

Financial Cashback Home Loan Loan Rebate Refinance

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closed Comments

  • hippyhippy on 11/10/2022 - 12:05
    +3

    Give us some actual deals… ie rate, offset..etc

    • Marketingmans246 @ Soren Financial on 11/10/2022 - 12:14
      -8

      From a compliance perspective we are not allowed to publicly display rates before speaking to a client and taking a look at their specific scenario as they are based on your specific loan value ratio (LVR) of your property. Also there are too many variables, e.g Is it Interest Only, are you after fixed or variable. Are you after investor or owner occupier etc etc.

      What I can tell you is that we work with 45 different banks and lenders, what ever they go to market with we can access for you. Get in touch all we need is a 5 min conversation and we can run a product comparison for you.

      • Slo20 on 11/10/2022 - 12:21
        +3

        If you work with 45 banks and offer the exact same rates as those banks are you not able to highlight those best offers?

        • Marketingmans246 @ Soren Financial on 11/10/2022 - 12:22
          -3

          Yes we can - get in touch and we can do this for you and email it over

          • Slo20 on 11/10/2022 - 12:25
            +7

            @mans246: I mean publicly so we don’t all have to email you directly. All other brokers on here advertise best rates freely so not sure what the difference.

            • Marketingmans246 @ Soren Financial on 11/10/2022 - 12:35

              @Slo20: The difference is we have been instructed by our industry body not to do so and as such we don't want to get in trouble :).

              If you want to use their rates as a guide, that is up to you. With something as serious as your mortgage, I would suggest you get in touch :)

  • alvian on 11/10/2022 - 12:36

    If the refinance amount is exactly $1 million, is the cashback $1,000 or $1,500? Your table is ambiguous.

    • Marketingmans246 @ Soren Financial on 11/10/2022 - 12:39

      You make a valid point, default to the higher rebate amount.

  • willyroo on 11/10/2022 - 12:41
    +1

    Since OP a bit shy on details - Suncorp is doing $4k refinance deals on owner/occupier home loans with good LVRs for 4.2%. Macquarie is close to 4.2% on new deals, however no cashback.

    • Marketingmans246 @ Soren Financial on 11/10/2022 - 12:49
      +2

      Thanks Willyroo - Since this is a public forum we are just bound by compliance, anyone from our Industry can read this and state that we are giving advice without looking into the client's individual circumstances and that gets us into hot water.

      Thank you for understanding…

      Rates etc are either available on the lender's websites (as you stated) or you can reach out to us and we will email them to you :)

  • eegos on 11/10/2022 - 13:48

    Whatsapp you earlier and you must have mistaken me with other customer.
    Look forward to hear from you Mansour, when you get a time.

  • muwu on 11/10/2022 - 14:49
    -3

    Funny that the lowest tier for this deal is on a home loan up to 1 million dollars (and that's net debt minus your offset, i.e. minus the debtor's personal savings).

    My 3-year-old home loan is now well under 500k (nil if you count savings). I'm getting ~10x the amount of my minimum mortgage repayments cashflowed into other aspects of my life (predominantly investments outside of my home, assets that produce income rather than consume it). I couldn't stomach the idea of purchasing a more expensive home and compromising cashflow and the opportunity cost of other investments.

    Why does a working middle income Australian buy so much house? I understand it's a strongly held aspiration, and our country has very high home debt : income ratio, but surely the smarter move is either less house or rentvesting until later in life. Home ownership comes with it's benefits, but it's hard to beat the flexibility of renting if you're young enough in your working life to take advantage of it.

    • The Delray Misfits on 11/10/2022 - 15:04
      +1

      what does any of what you said have to do with this deal?

    • Marketingmans246 @ Soren Financial on 12/10/2022 - 09:23

      The lowest tier is 500k not 1 mill. Sorry I have no comment for the rest of your post :)

      • muwu on 12/10/2022 - 11:54

        … up to 1 million dollars

  • Gagul on 11/10/2022 - 15:01

    does any bank signs on the contract that they will raise variable interest rate along with RBA, not more than that? I mean they can entice us with good cashback offers and then increase the rate more than what RBA raises each month. does anyone has a clue on this?

    • clubhonda on 11/10/2022 - 20:32
      +1

      NO bank will write that they will only follow RBA. Zero. Pretty much they can raise interest rates if they want to. Some have a good track record, some are terrible with out of cycle increases etc. Onus is on you as a savvy borrower to do your homework. If ozbargainers can spend weeks searching out the best AAA battery deals, I'm sure people will put in even more effort on a million dollar loan right?

      • Zimbyzim on 12/10/2022 - 07:49

        Don’t underestimate the power of the humble battery.
        I often find this to be the reverse.
        Large purchases are deemed as serious and as such people often do what they find most comfortable ie with the bank they have been with for ages.
        Also there is more paperwork :)

        • Marketingmans246 @ Soren Financial on 12/10/2022 - 09:18

          You are right, as brokers we see this all the time. People sit on more expensive rates when they dont need to…

  • XCelR8 on 11/10/2022 - 20:31

    Anything for over 150k and under 200k?

    • clubhonda on 11/10/2022 - 20:33

      You're not very attractive to a bank. They earn peanuts from your loan. Same with brokers. It's maybe not even worth the effort for them.

      • Marketingmans246 @ Soren Financial on 12/10/2022 - 09:19

        Correct :). There is no financial benefit to anyone. Even the client changing from a decent rate to one that is on market will see very small difference in their household expenses. There are other ways to save money on interest (e.g put savings in your offset).

        • Edgecrusher on 12/10/2022 - 16:35

          No direct benefit, however you could earn repeat business once they close their loan, and look to the next step - ie investment loans.

    • Edgecrusher on 12/10/2022 - 16:36

      I’m my personal situation, in my opinion I’m better off looking for the largest cash back than the cheapest rate, I’m in that bracket too.

  • JR63 on 16/10/2022 - 18:22

    Ran out of slots for passing on the trailing commission to the customer?

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