Refi Invest Property 6.19%pa Variable P&I (CR 6.52%) + 0.15%pa Broker Cashback @ Bank Australia

Associatedyouwintoo @ Mates Rates Mortgage Brokers on 23/07/2024 - 10:29 bankaust.com.au (164 clicks)
Last edited 23/07/2024 - 13:02 by 1 other user

CALLING ALL INVESTORS

Lowest Principal & Interest rate 6.19%pa, effectively 6.04% with the inclusion of our Exclusive Mates Rates Cash-back 0.15%pa** for the life of your loan.

Features
• Low Principle & Interest repayment variable rate
• No application fee
• For home loans of $250,000 or more <80% LVR
• For Interest Only 6.39%pa CR 6.58, effectively 6.24 with the inclusion of our Exclusive Mates Rates Cash-back 0.15%pa** for the life of your loan.

The rates are for investment properties, principle and interest or interest only - $250,000 or more up to 80% loan to Value Ratio

Fees and Charges
Annual package fee $350pa
Discharge Fee $350

$10p/mth Mates Rates administration of cash-back fee which can be nominated to be deducted from your cash-back.

*CR – comparison rate does not include the Mates Rates Exclusive 0.15%pa Bank Australia life of loan cash-back
** cash-back is 100% of the ongoing lender paid commissions credited to your home loan month after month, every month for the life of your loan.

Mates Rates Mortgage Brokers
Australian Credit Licence No. 382805

Email [email protected] or call 1300 558 161 and we will be happy to answer all your home loan questions.
https://matesratesmortgages.com.au/

Financial Cashback Home Loan Investment Loan Loan Mortgage Broker

6 Sep

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tightm8 on 23/07/2024 - 10:51

-5

This is not a bargain… my current loan is under 6% and most people can access something like unloan for similar rates under 6%…
- ClumpyGinger on 23/07/2024 - 11:04
  
  +5
  
  For Investment?
  - thestig on 23/07/2024 - 11:53
    
    +3
    
    There's a fair chance it's another commenter with no idea lol
  - Associatedyouwintoo @ Mates Rates Mortgage Brokers on 23/07/2024 - 12:42
    
    yes ClumpyGinger investment property loans
- park on 23/07/2024 - 11:05
  
  If your loan for owner occupier?
  - Associatedyouwintoo @ Mates Rates Mortgage Brokers on 23/07/2024 - 12:45
    
    park we have owner occupied loans with our exclusive Mates Rates cash-back too. Best to email [email protected] with details of what you are seeking.
    - park on 23/07/2024 - 13:09
      
      Apologies, I was trying to interrogate "tightm8" at the top and typo'd.
      - Associatedyouwintoo @ Mates Rates Mortgage Brokers on 23/07/2024 - 16:13
        
        +1
        
        @park: aaah as in you were supposed to ask - Is your loan for owner occupied, I get it, I suffer from fat finger syndrome from time to time
- jimmy1593 on 23/07/2024 - 11:15
  
  +1
  
  Which bank does give under 6 these days?
  - POSITIVEVIBESONLY on 23/07/2024 - 11:23
    
    I'm interested too, if it's a decent bank I'll think about switching if it's under 6%.
    - Associatedyouwintoo @ Mates Rates Mortgage Brokers on 23/07/2024 - 12:49
      
      POSITIVEVIBESONLY we have owner occupied loans effectively <6% with the inclusion of our exclusive Mates Rates cash-back. Best to email [email protected] with details of what you are seeking.
  - JoeRogan on 23/07/2024 - 11:54
    
    I'd like to know too!
    If you're reading this and know the answer.. please comment.
    - Associatedyouwintoo @ Mates Rates Mortgage Brokers on 23/07/2024 - 12:49
      
      we have owner occupied loans effectively <6% with the inclusion of our exclusive Mates Rates cash-back. Best to email [email protected] with details of what you are seeking.
  - freedomofspeech on 23/07/2024 - 11:56
    
    Just wait, interest rates going to drop by September
    - Associatedyouwintoo @ Mates Rates Mortgage Brokers on 23/07/2024 - 12:51
      
      freedomofspeech as will our more cost effective loans that are variable should that occur however, it is likely 2025 before the RBA will drop the cash rate.
  - denserham on 23/07/2024 - 12:07
    
    +1
    
    tiimely formally tiktok homloans have 5.94% for owner occ
    - Associatedyouwintoo @ Mates Rates Mortgage Brokers on 23/07/2024 - 12:52
      
      -2
      
      beware the risk of nonADI lenders
      - Dealhunter967671 on 23/07/2024 - 13:16
        
        +1
        
        @youwintoo: TikTok/Tiimely are backed by Bendigo and Adelaide bank, therefore ADI.
        
        Don’t like misinformation OP:
        
        Tiimely Home has the backing of Bendigo and Adelaide Bank; they fund our home loans, provide our offset accounts and importantly, giving our customers the protections a bank has in the unlikely event of a finance crisis. Read our guide on the Financial Claims Scheme (FCS) and why it's important that our offset accounts are covered under the FCS for up to $250,000.
        
        See also:
        
        Your offset account is managed by our funder, Bendigo and Adelaide Bank, an Authorised Deposit-Taking Institution (ADI). This means your offset account is guaranteed under the Australian Government's Financial Claims Scheme (FCS) for up to $250,000.
  - Associatedyouwintoo @ Mates Rates Mortgage Brokers on 23/07/2024 - 12:47
    
    jimmy1593 we have a number of lenders that you effectively receive <6% with the inclusion of our exclusive Mates Rates cash-back. Shoot an email to [email protected] with details of what you are seeking for further assistance.
- Associatedyouwintoo @ Mates Rates Mortgage Brokers on 23/07/2024 - 12:43
  
  Tightm8 this is an investment loan offer not owner occupied loans, which yes we available <6%
Jakeh on 23/07/2024 - 14:55

do you give cash back on this - 6.09% ($299 annual fee, $300 discharge) - https://www.gatewaybank.com.au/home-buying/green-home-loans/…
- Associatedyouwintoo @ Mates Rates Mortgage Brokers on 23/07/2024 - 15:01
  
  Jakeh, checkout Bank Australia Eco 5.98%pa or 5.88%pa for EcoPlus https://www.bankaust.com.au/banking/home-loans/clean-energy-…
  
  Bank Australia Mates Rates cash-back is 0.15%pa
  - Jakeh on 23/07/2024 - 15:23
    
    thanks, just read "eco". definitely not for our houses over here in Perth
    - Associatedyouwintoo @ Mates Rates Mortgage Brokers on 23/07/2024 - 16:10
      
      All good Jakeh it's the same style of loan as the one you asked about.
OzBestDeal on 23/07/2024 - 16:06

** cash-back is 100% of the ongoing lender paid commissions credited to your home loan month after month, every month for the life of your loan.

Does it reduced if we have offset account reducing interest paid?
Associatedyouwintoo @ Mates Rates Mortgage Brokers on 23/07/2024 - 16:09

OzBestDeal the trail commission which is the cash-back remains 0.15%pa for Bank Australia, no different to interest being reduced by funds in offset so is the trail commisson as it is paid by the lender on the balance of the loan net of funds in offset.
Vnky on 24/07/2024 - 00:38

@youwintoo does these rates applicable for investment construction loans?
Associatedyouwintoo @ Mates Rates Mortgage Brokers on 24/07/2024 - 07:41

Hi Vinky, yes it is available for residential investment construction.

Send as a scenario to [email protected]

This was posted 4 months 30 days ago, and might be an out-dated deal.

Refi Invest Property 6.19%pa Variable P&I (CR 6.52%) + 0.15%pa Broker Cashback @ Bank Australia

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