Broker Cashbacks 2x 0.20% The Loan Amount: Paid at 1 Year 1 Month & 2 Year 1 Month @ Lending Workshop

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AssociatedLendingWorkshop on 07/03/2023 - 20:43 lendingworkshop.com.au (201 clicks)
Last edited 27/04/2023 - 16:51 by 1 other user

As part of this deal we are sharing a portion of our upfront commission.

Quote this post on Ozbargain during initial discussion and get 0.40% of the loan amount as cash back. Paid out in 2 installments.

• 0.20% after completion of 1 year and 1 month. If the loan is not paid off and is still active.
• another 0.20% after completion of 2 years and 1 month. If the loan is not paid off and is still active.

Example:- For a loan of $500,000. You will get $2000 paid out in 2 installments. $1,000.00 after 1 year and 1 month and another $1,000.00 after completion of 2 years and 1 month.

This is on top of the cashback offered by the banks/lenders on our panel(up to $5,000). Below I have linked the bank deals posted on Ozbargain that you can combine with this offer. These are just the famous ones. We have access to 30+ lenders/banks on our panel. So best would be to discuss your situation and get a detailed comparison report to help you make a decision.

• ANZ $4,000 cashback offer for refinance $3,000 cashback offer for first Home Buyers
• Westpac
• uBank
• BoM/St George
• AMP
• ING
• Adelaide Bank(Good fixed rates available and allows 100% Offset with fixed)
• Me Bank(upto 4K cashback)
• Macquiare Bank
• Athena Home Loans
• Heritage Bank(upto 4K cashback)

Terms and Conditions for the cashback:-

• Loan amount will be based on bank/lender's commission calculation method. That is net off redraw and offset.
• Minimum Loan amount of $250,000.
• Application must be submitted by 31st of March 2023. Offer reactivated 13/4/2023 until 31/5/2023.
• No broker cashback for construction or bridging loans.
• We can't help you, if you have recently settled/funded a loan with another mortgage broker and refinancing will trigger a clawback for them.

Feel free to call or email any questions through. I will try answering as many as I can on this forum as well.

The best way to reach out would be to book an appointment in my calendar

General Advice Warning. The information contained on this web page is general in nature and does not take into account your personal situation.

13/4 update: I have removed the restriction for construction loans so people building can avail this offer now. I was able to achieve ~17K cashback(Bank+Broker) for one of our ozbargain customer, the last time similar deal was advertised.

Regards,
Roopali
Director | Mortgage Broker
Lending Workshop Pty Ltd
Credit Representative Number 544854| Australian Credit License Number 391237| ABN 98 663 429 598|Certified FBAA Member M-353524.

Email [email protected]
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  Some Guy on 28/03/2023 - 06:51

  Hey I have a question. I have enough in my offset to pay out my PPoR mortgage. If I did so, I'd lose access to those funds (obviously) but wouldn't have to make mortgage repayments (a good thing atm).

  But would it be easy/simple to remortgage the property (or use equity) in the future, in order to access funds for an investment? I don't know if this is common. TIA

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    AssociatedLendingWorkshop @ Lending Workshop on 28/03/2023 - 18:06

    hi @Some Guy, depends on what you define as easy/simple to remortgage. If you have income to prove the servicing of loan you are asking for at that time and there is enough equity in the security provided then it should be fine. To be honest question is very difficult to answer unless I know the whole picture. Feel free to call and we can discuss, although I know you don't need to borrow money at this stage.

    It's common for people to reborrow against the same property and increase lending.

    • 

      Some Guy on 29/03/2023 - 23:01

      Thanks mate. All good to know. I think we'll pay out the mortgage and come back in a year or so to reborrow for an IP, as I'm sure we'd be able to service the loan (we're already doing that I guess). Need to check with the accountant if that's allowed.

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  bargain huntress on 14/04/2023 - 16:15

  Can you find a home loan for someone on centrelink?

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    AssociatedLendingWorkshop @ Lending Workshop on 17/04/2023 - 20:12

    hi @bargain huntress, I can. Need to see how much the loan amount is and how much you are receiving from centrelink. Please feel free to call me or book an appointment in my calendar. I will try my best.

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  starcub on 22/05/2023 - 21:23

  If I get a loan for $500,000 and have $500,000 cash in my offset account, do I still get the bank cashback and your cashback?

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    AssociatedLendingWorkshop @ Lending Workshop on 25/05/2023 - 16:05

    +1

    hi @starcub, you can get the bank cashback in that case depending on the bank you choose to go with but I won't be able to help in this case. I only get paid myself for the loan amount net off offset and redraw.