Variable Rate Loan OO 5.99% (CR 6.01%) & Inv 6.24% (CR 6.26%) up to 70% LVR + 0.3% Broker Cashback @ Heritage Bank

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AssociatedLendingWorkshop @ Lending Workshop on 19/03/2024 - 09:08 heritage.com.au (242 clicks)
Last edited 12/04/2024 - 12:20 by 1 other user

Hello Ozbargainers,

Thank you so much for your support so far.

Heritage is quite competitive on rates at the moment if you are looking to refinance. They struggled hard to assess applications when cashbacks were on but are back to normal processing times now.

Combined with broker cashback the effective variable rates start at 5.84% for the first 2 years.

The St George deal I posted might still be better for some because of 2K cashback, depending on loan amount and LVR etc.

Main fees are $210 at the start and $345 to exit. Refer to this link for more details about the product. The rate mentioned is for the basic no frills product.

You can also combine the broker cashback with any of the 40+ banks on my panel, The easiest way to reach out, is to book an obligation-free appointment in my calendar.

COMPARISON RATE WARNING:
Comparison rate calculated on a $150,000 loan over 25 years with monthly repayments. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. Home Advantage Fixed loan comparison rate based on an LVR of 80%.

General Advice Warning-. The information contained on this web page is general in nature and does not take into account your personal situation. Please contact me for a tailored solution, comparing 40+ banks/lenders.

Regards,
Roopali
0415 719 759
Director | Mortgage Broker
Lending Workshop
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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• 

  sinnerman on 19/03/2024 - 09:28

  got any offers for first home buyers ?

  • 

    AssociatedLendingWorkshop @ Lending Workshop on 19/03/2024 - 09:29

    +1

    Yes, ANZ and BOQ are doing first home buyer bonus cash back and have good rates. It all depends on your situation. Feel free to get in touch and we can work out something for you.

    • 

      sinnerman on 19/03/2024 - 10:00

      thanks for the reply, sent a DM

• 

  swiggity123 on 19/03/2024 - 10:44

  Currently with Beyond bank - have been using them since January. Is it strongly advised to stay with current lender for at least a minimum of 1 year?
  OO
  6.09% rate
  80% LVR

  • 

    AssociatedLendingWorkshop @ Lending Workshop on 19/03/2024 - 10:54

    Depends what is your end goal. To get a better rate, take equity out or any other reason.

    Happy to have a detailed chat, please book in a time via the link above and we can discuss further.

• 

  ionisedsalt21 on 19/03/2024 - 11:27

  I’ve currently got two mortgages with NAB, one for each of the two properties and both have very low LVR (~40% each). I’ve got an offset for both and interest rates are at 6.04 and 6.09% respectively. Would you suggest I look to refinance for better rates plus cash back?

  • 

    AssociatedLendingWorkshop @ Lending Workshop on 19/03/2024 - 20:27

    hi @ionisedsalt21, That sounds a bit odd. are they both owner occupied or one investment? Rates you mentioned look very competitive. I can beat them but need to more details. Starting with loan amounts. The St George deal I posted could work out in your case but need to know more before I can be sure.

    Feel free to reach out and we can discuss.

• 

  qq830821 on 19/03/2024 - 11:38

  do you work with greater bank? they currently offer 3k cashback

  • 

    AssociatedLendingWorkshop @ Lending Workshop on 19/03/2024 - 20:23

    hi @qq830821, I do not have greater bank/newcastle permanent on my panel as they do not deal with brokers. The deal you are referring to is pretty good and I can probably beat that if your loan amount is more than 300K.

    That deal was posted on Ozbargain as well. Please read thru the comments here, looks like they are a pain to deal with.

    I haven't dealt with them personally, so can only go by what people have mentioned in there.

    • 

      mez on 21/03/2024 - 16:06

      what is the best investor rate with ideally 3k cashback can you get?
      property in qld
      loan 500k
      lvr <70%

      • 

        AssociatedLendingWorkshop @ Lending Workshop on 21/03/2024 - 22:49

        don't know if you want offset or okay with redraw. assuming you are after variable rates only and want principal and interest option. Assuming you are with CBA currently.

        Can get you 3.5K cashback(2K from bank+1.5K from me.). rate 6.29%(maybe) or 6.34%. Need to negotiate based on your personal details.

        Or a rate of 6.24% from Heritage(this deal) and only my broker cashback of $1.5K. Can crunch numbers based on exact loan amount and work out the cheaper option with all fees and charges included.

        I can imagine this probably won't answer your question but trying to explain why I request people to reach out.

• 

  hardya on 19/03/2024 - 16:53

  Why borrow? Squat on someone else's property!

  • 

    Hasbulla on 20/03/2024 - 07:04

    Leg day?

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  Hasbulla on 20/03/2024 - 07:05

  HB is just an amazing bank to deal with