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Home Loan Double Refinance Offer = $1,250 Cash Back Per Property AND Velocity Points @ Cape Finance

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A Big 4 Bank whom we are not allowed to openly name, has just released a strictly under the table offer for home loan refinance applications submitted by Sunday 30th September 2018 and settle by Friday 30th November 2018. We would love to openly disclose the lender but would be forced to remove this offering if we did.

To find out who the lender is please send a private message on here or an email to [email protected] and we will get straight back to you.

Please email the above email address if you would like to find out more details or take up this offer. Given the short timeframe until this offer ends, we would require application information to be provided in full by the 25th September to have enough time to lodge the application.

The following offers are available in conjunction with each other:

VELOCITY POINTS – 200k points for home loans $250k and over OR 500k points for home loans $1m and over
- Offer only available on the bank members package loans ($395pa package fee)
- The primary applicant will be issued the Velocity Points and must be a member of the Velocity Frequent Flyer program.
- Only one Velocity Points home loan offer can be taken up by the Primary applicant within a 12 month period
- Offer excludes equity access loans
- Offer excludes internal refinances within the bank group (please contact us to find out which banks)
- Offer not available to company and trust account holders

CASH BACK - $1,250 per property refinanced
- Offer only available on the bank members package loans ($395pa package fee)
- This offer is not available in conjunction with the Flexi First or any other special discount offers.
- Customers may take advantage of our pricing discretions in conjunction with the rebate offer.
- Only 1 rebate is available per new property refinance from another lender.
- Property refinances encompass an entire transaction with the bank, which may include multiple loan accounts, applications and/or properties which are involved in the one transaction. If there are multiple new property refinances, multiple refinance rebates would apply.
- Rebate not applicable for residential lending originated under family or company trust.
- Rebate not available to Non-Resident borrowers.
- Rebate will be paid within 60 days of home loan settlement

Please contact us regarding your individual situation so that we can request pricing discounts and advise available offers, an example of current offers include a 2 year I/O fixed rate investment loan at 4.15%pa (CR5.87%).

We are Perth based finance brokers and are able to service clients Australia wide FREE of charge. With over 40 lenders on our home loan panel, we have access to some offers that do not get advertised by the banks and we also do not have any direct affiliation with any bank.

Authorised credit representative 478455 of Connective Credit Services Pty Ltd Australian Credit Licence Number 389328.
And for that legal bit.. Your full financial situation would need to be reviewed prior to acceptance of any offer or product. Normal lending criteria and fees and charges apply. Terms and conditions apply and are available upon request.

NB: I tried to keep this post from being too long, feel free to shoot me a message if you have any questions.

EDIT- we have brought the expiry forward one day to the 25th Sept to ensure there is enough time to get your application processed.

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closed Comments

  • +6

    "- This offer is not available in conjunction with the Flexi First or any other special discount offers. "

    Flexi First … W____pac

    • +1

      We just can't disclose the lender name or logo or we would have to remove this offer ;)

    • +1

      time for hangman

  • +7

    You have breached your own Aust Credit License condition by advertising a rate without a comparison rate.

    Downvoting because this is not a deal without detail of the loan offer.

    And reported this post for spam.

    • +1

      Thanks for the heads up, CR has been added to the rate example.

  • +1

    When I signed up with NAB, I had the choice between velocity points or cashback. Also, NAB also charged a $395 pa fee. So it's probably NAB.

  • +1

    it is w…pac

  • +2

    Applying to refinance a loan can be risky as rejection rate was 40% in July 2018. Falling property prices doesn't help.

    The good news is that banks are offering some good rate discounts for quality (e.g. high equity to loan value) customers at the moment to make their books stronger.

    • +1

      No ?

      They just raised their variable rates on all existing customers.

      • +1
        • +1

          old news.

          they just raised 16 basis points this month

          https://www.news.com.au/finance/economy/interest-rates/commb…

        • +1

          @phunkydude: That doesn't change my key point that if you have higher equity than average there is a fair chance that asking for a discount might be successful. Remember using referral services requires the banks to pay a finders fee, which if you are a barber in Sydney can be very lucrative.

        • +1

          @mathew42:

          it's not a fact unless you have leads to share before claiming bank offering good news with unadvertised discounts ?

          it's easy to spell baseless offers, but my bank just raised their rates and they won't budge when i ask for it to remain as is (Not even asking for discounts)
          and this is from 1 of the Big banks. As for equity, i'm well over 50%.

        • @phunkydude: Greater than 50% equity makes it likely that you are a low risk customer which lowers the risk level of the bank's loan book. I'd suggest talking to another bank.

        • @phunkydude: Over the past 5 years I've called my bank (Suncorp) a few times and asked for a better rate.. The first time they said no go. The subsequent two times I called they had provided discounts. It's worth trying all the time.

  • +2

    Velocity points would make it w..pac.

    • +1

      Also I'm pretty sure only w…pac offer something called "Flexi First"

  • +1

    So what rate are we talking for say a 500k p&I loan?

    • I will send you a PM to understand a bit more about your requirements

  • It's probably NAB as they offer the Velocity points on their Loans usually - as others have mentioned Westpac - but i haven't seen them offer Velocity points before.
    4.15% dos not sound like a good rate for a fixed 2 years : I'm on 3.8% with Com for 2 years at the moment

    • The fixed rate example was for investment lending with I/O repayments.

  • +1

    what's the best variable rate for $300k P&I loan (non-investor)?

    • I will PM you so that we can arrange a pricing request from the bank.

  • $395 per annum fee?

    There are options with unlimited redraw and no annual fee. Straight forward loan without credit cards etc.

    • There are options with this lender too without a setup annual or annual fee, the package fee mentioned is a requirement as part of the current points and cash back offer though.

  • +2

    I can't comment about the particulars of this offer but I financed through Toby @ Cape Finance and he's been absolutely great, I can highly recommend them.

    • Thanks mate!

  • +1

    In addition to the example in the OP, can you give an example of the rates the bank has been providing you for refinancing $300k P&I owner/occupier?

    • I will send you a PM now to confirm a couple of details on property type and value

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