Anyone with Capricornian Home Loans?

Ltoecutter69 on 07/01/2024 - 08:04

I’m currently with Tiimely on a 5.89% rate but eyeing up capricornian who offer 5.69%
Small print looks ok from what I can see. Any customers here?

Financial Home Loan Loan

Comments

  • 87percent on 07/01/2024 - 08:23
    -3

    Pfft, nice attempt

    • toecutter69 on 07/01/2024 - 08:57

      Not affiliated, spotted it via a Reddit comment and trying to find out more info. Little to no mention on whirlpool as well.

  • Iwantthebestprice on 07/01/2024 - 10:38

    The 5.69% rate seems really good, I checked out the TMD and all it states is you must have a property to be used as security for the loan. Almost seems too good to be true for that rate, couldn’t find any info on the rate increments based on LVR too? So seems like a flat 5.69%.

  • R1ngSt1nger on 07/01/2024 - 10:44

    Never heard of them, but 5.69% with $0 offset account is pretty attractive!

  • ddilrat on 07/01/2024 - 13:04

    I'm not sure that's a big enough difference to switch just yet

  • Tee Rex Arms on 07/01/2024 - 18:04

    Wouldn’t trust a cent with some no name mob

    • gaz3342 on 07/01/2024 - 19:34
      +1

      But they are lending you money?

    • R1ngSt1nger on 07/01/2024 - 23:38

      What are the dangers of mortgaging your house with a non-bank / no name lender?

  • Mr BoMBAStiG on 15/01/2024 - 14:21

    Do they just bump the rate to 6.1% in a few months?

  • gaosong2101 on 19/01/2024 - 14:25

    Has anyone in this thread refinanced with them? What's the experience like?

  • Mr BoMBAStiG on 14/02/2024 - 21:15

    Already up to 5.99

    • toecutter69 on 14/02/2024 - 23:16

      Dodged a bullet. Glad I didn’t jump to chase the rate. Sticking with tiimely

    • gaosong2101 on 15/02/2024 - 13:32

      I applied and they told me they would still honour the 5.69% rate. But I then I haven't heard back from them for two weeks. Meanwhile I got approved at Unloan so I just cancelled the application

      • autonomate on 28/02/2024 - 13:19
        +1

        The variable rate is just that, variable - they have the right to change it the day after you've moved.

        • gaosong2101 on 29/02/2024 - 13:26

          That was what I think as well. One of the reasons I just cancelled the application after getting approved at Unloan

  • autonomate on 28/02/2024 - 13:18

    Their standard variable is 6.99% which isn't competitive - I suspect they're trying to get a bunch of offset customers currently reassessing and may rug-pull that variable rate.

    Also keep in mind they have valuation fees, there'll be PEXA fees ($60 for online I think), monthly fees, establishment fees, discharge fees when you exit:

    https://www.capricornian.com.au/app/uploads/2022/04/Schedule…
    https://www.capricornian.com.au/app/uploads/2023/04/Conditio…

  • jm7 on 15/05/2024 - 14:19

    What is the difference between Tiimely and Up? Their rates and fees appear the same.

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