Looking for Home Loan Feedback on Homestar, TMB, Ubank, Virgin Money, SCU
Hi all, looking if anyone has any recent dealings / feedback with one of the below loan products (we need an offset / redraw facility).
With a 3 yr loan scenario (probs refinance then) factoring in a 1.2% rate rise over 3 years, factoring in all app/val/discharge fees, then selecting loans which are eligible for a trailing commission rebate..these came out on top.
Virgin Money. 0.2 rebate effectively makes Virgins variable product 3.49 + pick up around 150k Velocity points. Even with a cost of $360 ($10 per month over 3 yrs) it is on par with others. After dealing with their credit card arm I feel may need to sell my soul?
TMB with 0.2 rebate means a 3.49 - fixed for 2 yrs with 100% offset loan. Have dealt with these guys, and they were ok. $350 more in set up costs and their variable is rough at the end. Definitely need to refix or move.
UBank has 3.69% with $1000 back at the moment, which makes it comparably 3.58. But seems like a simple / difficult product?
Homestar with their 3.59 and $1200 back (but $1100+ fees) and unclear legals makes me think they are out.
Outsider option - Something like StGeorge effectively 3.49 with 0.2 rebate. But a very basic no frills loan. Always had offset loans, but since its an Owner Occupier I guess Redraw would be no different.
Any feedback would be much appreciated. Cheers all.