Hi all. Found this today which really looked good. Spoke to them and was floored by the fantastic customer service and advice. Has all the bells and whistles as above and they are part of the Resimac Group. Hope it helps.
Only a handful of reviews on Product Review but rated 5 https://www.productreview.com.au/listings/homeloanscomau
Resimac Group
2020 Australian Mortgage Awards Winner
https://www.resimac.com.au/en
Hahahaha I said that to the girl on the phone and she cracked up lol!
Store name in title
I couldn't fit it but mods fixed it. Cheers.
Thanks OP.
Looks good, there aren’t many lenders which will do owner occupied internet only anymore.
Anyone have experience with these guys (e.g. jacking rates like loans.com.au)?
I'm going to bite the bullet and go with them (pending approval). I'll be sure to come back here and bitch away if they bait and switch! LOL!
Cool.
I guess they don’t have fine print saying *rates available to new customers only.
Note to self: never go with a lender which has that on their site.
Great all-in rate for investment properties , particularly with the offset facility.
Are these guys the same as State Custodians? Or are they a different entity operating under the Resimac group?
Just curious as I’m currently a State Custodian customer and wondering if I could refinance with these guys.
Yeah, they're discontinuing the State Custodians brand - it's the same lot. I am with SC too and spoke to customer service a few weeks ago, they confirmed this.
This looks incredible with that offset and no fees, think my bank better get ready to negotiate or bye bye time…
Rates only if your under 60% LVR. They scale upwards the higher the LVR but are still competitive.
Yeah I'm lucky to be less than 60%LVR. Good to know the higher rates are still competitive.
Cheers!
I wish banks/brokers/lenders would do simple to read fee break downs similar to the standardised electricity prices/plans sheets so you can compare all the fees.
Eg government, finalise, legal, settlement etc.
Government needs to get that going…. Then bring on true comparison and competitiveness in the banking industry
Need advice from fellow ozbargainers
My fixed home loan is maturing in March 2021 , should i wait till it matured before refinancing or start talking to new lender now and mention about the situation ?
Bro, are you me? Haha! Mine matures with BoQ March 2021 and my break fee is $4.5k. By bringing this amount into the overall borrowed amount it adds $3 a week for me. Not considering the shitty fees I pay with BoQ.
I left a msg at homeloan website . I ll probably wait until fixed loan mature ~ but in case the application for refinance takes some time to get approved i might be able to start the application earlier and settle it after fixed loan matures =p
the offset account isn't guaranteed
"The federal government's Financial Claims Scheme is designed to protect deposit accounts. The offset portion of a homeloans.com.au loan is not a separate deposit account but an advanced payment, or ‘credit portion’ on the loan, reducing the outstanding loan balance. "
That definition sounds more like a redraw than an offset account
It's a redaw that works better for tax purposes, you won't 'pollute' your loan.
It's better than guaranteed in some sense. If a bank goes under you will have to wait a long time to possibly get everything back in your offset account from the government. If resimac goes under, your loan just get reduced by the offset amount.
true actually
I guess people who negatively gear/ may have tax implications
Looking for a low variable rate to refinance to, see it says in their application discharge cost is $300 + legal fees, anyone know the legal fees amount?
Add NO repayments and you’ve got a Deal