UPDATE 29/3/2020: We have responded to all enquires and back to 1-2 day turnaround time. Sincere apologies for the extended delay for response increasing from 2 to 5 business days (sometimes longer) as we did not expect to receive so many enquiries and also faced disruptions with our staff transitioning to work from home arrangements this week. Thank you for the feedback and although unpleasant to hear, it was necessary as we completely understand the frustration. It has been a learning process for us and we will change our processes in future, such as communicating our extended service levels to the OZB community so that customers are informed for decision making.
If it's an urgent purchase or fixed expiring, pls write "URGENT" in subject or text and we will contact you ASAP. Thank you for your patience.
2.09% (CPR 3.77%) owner, fixed 2yrs (Orange Advantage Package only. +0.1% under "Basic" Mortgage Simplifier no annual fee)
2.64% (CPR 4.41%) investor, fixed 2yrs (avail "Basic" Mortgage Simplifier no annual fee)
2.79% (CPR 4.99%) investor interest only, fixed 2yrs (avail under "Basic" Mortgage Simplifier no annual fee)
Available under Mortgage Simplifier - no annual fee, no offset.
Can be split with variable 100% offset if you add Orange Advantage package, including offset account, redraw, credit card. Annual fee $299.
ING variable rates "Basic"
2.74% (CPR 2.77%) owner occupied P&I (>$1m)
2.78% (CPR 2.81%) owner occupied P&I (>$150k)
3.19% (CPR 3.22%) investor P&I (approx +0.4% interest only)
Mortgage Simplifier - no annual fee, no offset, free redraw
ING variable rates "Package"
2.79% (CPR 3.13%) owner occupied P&I (>$1m)
2.83% (CPR 3.17%) owner occupied P&I (>$150k)
3.24% (CPR 3.57%) investor P&I (approx +0.4% interest only)
Orange Advantage Package 100% offset $299 annual fee
PLUS 0.3% Bundle Rebate (via Bundle Property Home Loans only)
In ADDITION to bank rebates (if any), Bundle Home Loans gives a rebate of 0.3% of loan size (net at drawdown) for ANY bank or product, eg:
$400,000 = $1,200 Bundle cash rebate
$700,000 = $2,100 Bundle cash rebate
$1,000,000 = $3,000 Bundle cash rebate
Total Fees eg NSW & VIC incl GST
Mortgage discharge fees $143.5 (NSW), $116.80 (VIC)
Transfer/Mortgage Registration fee $143.5 (NSW), $116.80 (VIC)
Title search $14.70 (NSW)
Legal/settlement fee from incoming lender – Approx $100-$350
Discharge admin fee from outgoing lender – Approx $250-$350
Total fees approx $650 - $800 in most cases.
Why should I fix?
A low fixed rate can still save you more money as you can get an immediate benefit from today as opposed to waiting for the drop to occur. RBA has announced they will likely not move rates again.
Always worth doing a calculation for your situation, eg:
If you have an existing loan and your rate is 3.18%, fixing at 2.68% will save you 0.5% each year.
On a $500k loan, that is a saving of $2500 every year.
If you're saving 0.5% and go with a lender giving rebates eg Westpac $6,000 for 2 properties, plus our Bundle Rebate of $1,500, that's a further $7,500 in rebates, plus $2,500 interest savings, you are getting a benefit of $10,000 in just one year!
Let me know if we can help.
We have some of the lowest rates, and can get pricing discounts up to 2%+.
Our policy is to beat any competitor/broker/lending manager with our rates and rebates, so will do whatever it takes to get the best deal for you.
Bundle Property Home Loans
T: (02) 9698 7186
The information provided is for general education purposes only and is not intended to constitute specialist or personal advice. This has been provided without taking into account your objectives, financial situation or needs. Because of this, you should consider the appropriateness of the advice to your own situation and needs before taking any action. It should not be relied upon for the purposes of entering into any legal or financial commitments. Specific investment advice should be obtained from a suitably qualified professional before adopting any investment strategy.