This was posted 7 months ago, and might be an out-dated deal.

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5.99% pa Variable Home Loan (Min $350,000 Loan & Below 70% LVR, CR 6.01%) + 0.15%-0.25% pa Broker Cashback @ Heritage Bank

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5.99% pa Variable Home Loan (Min $350,000 Loan & Below 70% LVR, CR 6.01%) + 0.15%-0.25% pa Broker Cashback @ Heritage Bank
Go to Deal
AssociatedPyouwintoo @ Mates Rates Mortgage Brokers on 31/05/2024 - 23:44 heritage.com.au (236 clicks)
Last edited 01/06/2024 - 14:04 by 1 other user

HERITAGE 5.99%pa Variable Rate (CR 6.01%pa) + 0.15%-0.25%pa exclusive Cashback effective 5.84-5.79 @Mates Rates Mortgage Brokers

STOP THE PRESS –

Home Loan Purchase, Refinance or Construction with a Variable Rate from 5.99% (CR 6.01*) @ Heritage Bank. Effectively 5.84yrs1&2 decreasing to 5.79 year 3 and 5.74 from year for life of loan with the inclusion of our Exclusive Mates Rates 0.15%-0.25%pa cash-back** for Heritage. Variable loan and rates will reduce inline with RBA and Heritage rate reductions.

Features
Low variable interest rate
$0 application fee
$0monthly administration fee
Free unlimited extra repayments
Free online redraw of payments in advance
For home loans of $350,000 or more.

Fees and Charges
Settlement Fees $210.00 plus disbursement fees if applicable
Valuation Fee First Security Paid to a maximum of $330
Discharge fee $345.00 Discharge Fee
Note: Government fees apply

The rate is for new, owner occupied, principle and interest home loans minimum $350,000 and < 70% Loan to Value Ratio.

OR MAYBE
3yrs of repayment security 5.79 %(CR 7.99%*) 3 years Fixed @ Heritage Bank effectively 5.64 years 1&2 dropping to an effective 5.59 year 3 with the benefit of our Exclusive Mates Rates Cash-back for 3 years of home loan repayments certainty.
Features for 3yrs fixed rate loan
Free Unlimited extra repayments
Free online redraw of payment in advance
Up to 80% Loan to Value Ratio
Mates Rates Cash-back 0.15% years 1&2 increasing to 0.20% year3 & 0.25%pa from year 4 for the life of your loan.

Fees and Charges
Establishment Fee $600
Monthly Fee $8.00 per month
Settlement Fees $210.00 plus disbursement fees if application
Valuation Fee First Security Paid to a maximum of $330
Discharge fee $345.00 Discharge Fee
Note: Normal Government fees apply

*CR – comparison rate does not include the Mates Rates Exclusive 0.15%pa cash-back
** cashback is 100% of the lender paid monthly trail commission paid to you every month

Please feel free to email me at [email protected] or call 1300 558 161 and we will be happy to answer all your home loan questions.
https://matesratesmortgages.com.au/
Australian Credit Licence No. 382805

Referral Links

$250 Gift Card with Loan: random (44)

When an existing Heritage member refers a new member and that new member has a Heritage home or business loan approved and fully funded within 3 months of the membership creation, both the new member and the referrer receive a $250 pre-paid Visa gift card.

Win $1000 with New Account: random (57)

Referrer and referee go into the draw to win a $1000 prepaid visa gift card each. Tell heritage you were referred and give them the member number.

Financial Cashback Home Loan Loan Mortgage Broker Refinance

Related Stores

Heritage Bank
Heritage Bank
Mates Rates Mortgage Brokers
Mates Rates Mortgage Brokers
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closed Comments

  • Kawaii on 31/05/2024 - 23:47

    How does Cashback work? Do they just give you cash back to bank permanently(till the loan ends?) or?

    • Associatedyouwintoo @ Mates Rates Mortgage Brokers on 01/06/2024 - 00:00
      -1

      Cashback is 100% of the lender paid monthly trail commission credited every month for the life of your loan.

      • douevenozbargain on 02/06/2024 - 23:24

        Incorrect. Theres a fee which youre again not disclosing.

        • Associatedyouwintoo @ Mates Rates Mortgage Brokers on 03/06/2024 - 16:24

          As previously advised to you, it is you that is not correct!

          Cashback is 100% of the lender paid monthly trail commission credited every month for the life of the loan.

          The $10p/mth administration fee is fully disclosed and included in the life of loan calculations.

          • douevenozbargain on 03/06/2024 - 16:59
            +1

            @youwintoo: So write it above? 100% after we take our $10 monthly fee.

            • Associatedyouwintoo @ Mates Rates Mortgage Brokers on 03/06/2024 - 17:57
              -2

              @douevenozbargain: Again that’s not correct we have thousands of clients that do not have the admin fee deducted.

              It is an option the client can nominate to have it deducted it is not automatically deducted.

              This does not change the fact that cash-back is 100% of the ongoing lender paid commission credited to the home loan.

              You don’t understand it so best not to comment on something you don’t understand, that’s ignorance, not smart!

              • douevenozbargain on 03/06/2024 - 18:07
                +1

                @youwintoo: So there is no admin fee for paying out the trail commissions?

                If you can confirm ill drop my neg.

                • Associatedyouwintoo @ Mates Rates Mortgage Brokers on 03/06/2024 - 18:12
                  -3

                  @douevenozbargain: As I’ve said you don’t understand it so it’s not smart to comment on it!

                  • douevenozbargain on 03/06/2024 - 18:16
                    +1

                    @youwintoo: Answer the question?

                    I'm going off online reviews calling you deceptive and comments in the last thread confirming this admin fee you are now denying exists. If this has been changed I'll remove my neg. However you still avoiding the question tells me you are just as deceptive as ever.

  • ozbargainerlife1 on 31/05/2024 - 23:56
    +1

    any investor rates?

  • Associatedyouwintoo @ Mates Rates Mortgage Brokers on 01/06/2024 - 00:04

    ozbargainerlife1 best to send through an email to [email protected] with as much detail on what you are seeking as there are many variations including Principle &Interest, Interest Only, variable and fixed interest rates to name a few. Even varying interest rates for special discounts for larger loans amounts. The main and important thinhg is cash-back is available for all of our lenders, send us some details and we can pick it up from there.

  • cbrhunter on 01/06/2024 - 08:12

    Any interest rate starting with a 5.xx% is a deal.

    • Associatedyouwintoo @ Mates Rates Mortgage Brokers on 01/06/2024 - 08:56

      It is with a bank or other ADI.

      It is a risk not worth taking from a nonADI home loan wholesaler. Make sure to ask that very important question ‘Are you a government guaranteed lending institution an ADI?’ If the answer is ‘No’ don't love ‘em don’t even consider a nonADI.

  • flashi007 on 01/06/2024 - 14:34

    No offset? is there a loan with an offset??

  • Associatedyouwintoo @ Mates Rates Mortgage Brokers on 01/06/2024 - 15:43

    Yes flashi007

    Check out our offer for Bank of China Offset Variable Rate from 5.98% p.a. (CR 6.34% p.a.) + 0.15% p.a. Cashback @ Mates Rates Mortgage Brokers effectively 5.83 $3,288 BOC cashback for refinance or $2,000 for purchases for owner occupied P&I loan amounts >$400,000.

    Or send us a detailed email of what you have and are seeking to [email protected]

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