Quick note
Variable rates are forecasted to go up by 2% plus from now until next year according to several finance experts.
We think Suncorp is a good option if you want to secure a good variable rate with a discount for life of the loan and no annual fee. Suncorp has been named Money Magazine’s Bank of the Year and Business Bank of the Year for the fourth year in a row.
$3,000 Home Loan Refinance cashback’s conditions are:
- Switch their existing home loan from another lender
- Apply by 30/06/2022 and settle by 30 September 2022. Unless withdrawn prior by Suncorp.
- Take out a home loan with a minimum aggregate borrowing of $750k and a maximum LVR of 90%
- Can be a combination of purchase and refinance to meet the aggregate borrowing of $750k.
- This offer applies to any available Suncorp Bank home loan product, including Personal / Owner Occupied, Investment loans, Principal and Interest and Interest Only repayments.
Rates highlight
Owner occupied P&I with comparison rate (CR)
- Basic variable with redraw 2.19% CR 2.20% at <=70% LVR
- Basic variable with redraw 2.32% CR 2.33% at 70% to 80% LVR
- Basic variable with redraw 2.54% CR 2.55% at 80% to 90% LVR
- Variable with offset 2.36% CR 2.79% at <=70% LVR
Investment P&I with comparison rate (CR)
- Basic variable with redraw 2.42% CR 2.43% at <=70% LVR
- Basic variable with redraw 2.48% CR 2.49% at 70% to 80% LVR
- Basic variable with redraw 2.89% CR 2.90% at 80% to 90% LVR
- Variable with offset 2.55% CR 2.97% at <=70% LVR
Other refinancing rebates available
ING - $3,000 cashback when you refinance your home loan before 31 Jul 2022 T&Cs apply.
BOQ - Get up to $3,000 cashback when you refinance your home loan before 30 Jun 2022 T&Cs apply.
MYSTATE - Get up to $3,000 cashback when you refinance your home loan until 30 Jun 2022 T&Cs apply.
ME - Get up to $3,000 cashback when you refinance your home loan until 30 Jun 2022 T&Cs apply
Citibank - Get up to $3,000 cashback when you refinance or purchase a new home loan until 30 June 2022 T&Cs apply
Please note that there are other rebates from other banks which we can show you as part of our report to you.
Comparison Rates
Each comparison rate is based on $150,000 over 25 years. These comparison rates apply only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.
Broker Rebate Terms and Conditions
We are offering a $500 upfront cashback for loan greater than $500k (excluding offset and redraw) for any fixed term loan of 2 years or more. $1,000 upfront cashback for loans $1M and above (excluding offset and redraw) for any fixed term loan of 2 years or more. Maximum of 1 cashback per household.
My Profile
Ex CPA accountant for a government corporation for over 10 years before joined my own mortgage broker as a trainee. Became a full-time mortgage broker for over 8 years now and no plan to go anyway since I can help lots of Australians to achieve their financial freedom sooner. Recent review. Recent award: Won National Nectar Top Broker for customer service award 2021
Contact me for a no obligation meeting via Calendly or call me directly.
James Sim - Senior Mortgage Broker
M: 02 8319 4862 / 0487 000 098
E: [email protected] or [email protected]
W: https://www.nectarmortgages.com.au/project/james-sim/
Australian Credit License number 387856
Minimum loan of $750k… That would explain the rate rises!
But my 3 properties still won't make the 750k minimum. Extreme.