footyboy » user profile

Landfill.

Agree, ING / St George / ME / ubank / Suncorp are probably the best 5 deals right now, depending on your scenario. Aidan.

Here's my guess - brokers were happy to offer cashbacks when fixed rates were in Vogue. Now everyone wants variable, the risk of a clawback…

I'm sure this will get downvoted, but the best brokers don't need to give cashbacks. I've done 143 refinances for OzBargainers, and never…

As someone who (at today) has 133 x 5-star reviews, it is possible. You just gotta ask, a lot. Maybe 10 reviews is easy to fake, but any…

Thanks, went into OW and they price beat by 5% to $1,186 👍 Aidan.

Offset = your money Redraw = the bank's money You have to request redraw back, at the bank's criteria and timeframe. Also be aware of…

OOS.

I have these for work calls. Where these stand out is when you have background noise on your end (wife hoovering, dog barking) - the other…

@GrueHunter 🤯 Aidan.

Yep, absolutely. Under 1 year - 100% income clawback. Over 1 year but under 2 year - 50% clawback. Aidan.

Zero years. Brokers cannot pass on clawbacks. At all. Aidan.

@funkybits - here's my offer to you. I'll go in to bat for you (for free) and I'm very confident I can get you a better rate with your…

We get paid a decent amount from the banks. For a simple transaction, this ball and chain method makes other brokers look bad. Aidan.

Fair enough. Here's another angle that you could get with a broker vs going direct; - better than advertised rates - fee waivers - free, up…

Theres 18,000+ brokers in Aus. Don't tar us all with the same brush please. Aidan.

Possibly, but my specialitiy is getting loans approved, not the law. Aidan.

Broker here to clear this one up. Yes, previously brokers could so this unfortunately. From 2020 this is now banned. Brokers cannot enforce…

This is not enforceable now, you should again consider brokers if thats the reason holding you back. Aidan.

And as for the second part, usually it's some back-office junior who controls disbursements, so it's likely they will put the redraw into…

I'm a broker (1,000+ refinances) The surplus cash currently sitting in redraw of your existing loan would generally be available as…

I'd like to thank the 143 legendary OzBargainers who chose me as their broker over the years. Aidan.

My S20 is running well, no need to upgrade and will wait another 2 years.

Great book.

@FirstWizard rate may be 0.10% higher, however a $4k cashback on a $300k loan equates to a 1.333% discount (1st year)

@Donaldhump correct 👍

Just skip to part 2. No need for outgoing bank to re-value your home. Aidan.

I'm a broker; - revalue home for $400k, use equity to sit $300k in redraw - Yes - re-finance with new bank for $400k loan, get $4k…

Broker here - yes you should buy in this market. MWOHOHAHAHAHAHAHAH *drinks pint of blood*

Broker here - for those worried about further rises, fixed rates are looking pretty tasty again. 2 year fixed (with 100% offset) loans are…