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Mortgage Broker Refinance Deal - $500-$1000 Extra Broker Cashback on Top of Any Lender Offer @ Integral Loan Solutions

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Providing an update on recent lender changes this last month and what the majority of my client base has been doing this past month.

Most of my clients are going to these 3 lenders at the moment:

St George - Still running a 4k rebate extended. Is a little slow taking on average 4-6 weeks to get approvals. Owner occ 2.04% 2 year fix comp rate 3.41% reduced after a pricing request which is slightly reduced for lower lvrs. Owner occ 2.54% basic no frills redraw product comp rate 2.56%. Investment 2 year fix 2.44% comp rate 3.93% reduced after a pricing request.

edit - St George & Westpac has just dropped fixed rates - 08/03/2021 10am

Fixed 2 years - 1.79% (comparison 3.43%)
Fixed 3 years - 1.88% (comparison 3.35%)
Fixed 4 years - 1.89% (comparison 3.21%)

Basic variable (with redraw, no offset) - 2.49% (comparison 2.51%)

Rates are for LVRs below 60%, add 0.05% if between 60-80%.

Citibank - 3k rebate 350k to 750k and 4k rebate for 750k + loans for refinances and purchases. 5-7 days sla at the moment(Extended rebate campaign for March 2021) Providing 20-30 basis points off headline variable rates online through the citibank broker bdm for 350k+ balance and under 80% lvr from their quoted online rates through the citibank bdm pricing approval. This makes the majority of citibank variable rates in the top 3 best on market right now. Once you account for the refinance rebate its best on market. Has the lowest 2 year fixed rate on market for investment on P&I and IO. 2.29% comp rate 3.26% P&I and 2.49% io 2 year fix comp rate 3.53%. owner occupied 1.99% 2 year fix 2.97% comp rate.

Suncorp - 1.89% 2 year fix owner occupied comp rate 2.94% reduced after a pricing request. Investment fixed rates 2yr & 3yr P&I 80% LVR @2.28%
Investment fixed rates 2yr & 3yr IO 80% LVR @2.49%. No rebate at the moment. It was expired on the 18th of december. First home buyers annual package fee waiver for life with reduced rates for high lvr loans for first home buyers.

Construction Im getting the majority of these done with Bankwest / Advantedge - white labelled nab / Suncorp / Me bank / Adelaide bank quick sla good rates and not causing issues on valuations and construction process.

Refinance rebates
Bankwest 2k
CBA 2k
NAB 2k
Westpac 3k + 2k per extra property
Me bank 2k
St George 4k + 2k per extra property
Citibank 3k 350k loan size to 750k and 4k for balances over 750k under 80% lvr purchases and refinance
ANZ 3k

Broker Cashback $500 for balances between 250k and 650k net of offset & $1000 cashback for balance over 650k net of offset. Broker rebate paid post settlement normally 2 months post settlement.

My experience 7 years in commsec and cba on a margin lending desk and as in in house cba branch home lender. 4 years as a mortgage broker running my own company.

You can book an appointment straight into my calendar - https://calendly.com/adrianplayermortgagebroker/15min

Kind Regards

Adrian Player | Director

M: 0416643638

E: [email protected]

W: www.integralloansolutions.com.au

Adrian Player is a credit representative (498364) of BLSSA Pty Ltd ACN 117 651 760 (Australian Credit Licence 391237).

PS - Website fixed based on previous suggestions last month

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closed Comments

  • Is this a one man operation?

  • Can vouch for Adrian - has been the best broker I've used.

  • Can also vouch for Adrian. Helped me out with my refinance last year and got me the 4k cashback! Smooth process! Top bloke!

  • Sent an email :)

  • I recently had my refinance processed by Adrian and it was a smooth process. Happy to recommend.

  • Pm sent

    Looking to refinance ! Hopefully smooth and quick :)

  • Also used Adrian and was a great process would highly recommend anyone looking.

  • Looking to refinance 350k on 500k house. What's the variable rate for Citi with and without offset?

    • 2.49% variable with offset on owner occupied. 3k rebate as long as your loan size is 350k or more and under 80% lvr. Also be aware citibank have a funny unit policy. If your unit block is less then 2 years old or more then 30 units in the block they limit the lvr to 65% due to their high density policy.

      The redraw product is 2.29% variable with redraw with citibank.

      • Thanks, those are the best rates I've seen. I'll have a chat with my partner. Not in a unit so that doesnt matter.

        • Just be careful those rates dont show online. The Citibank bdm switches the rate after submission. They have extended their offer till the end of this month.

        • stay away from citibank. they do not pass all rate cuts to existing customers. I started off on a low interest variable rate comparable to the market couple of years ago. Now i am paying 2.94 variable rate as they did not pass all the rate cuts. I wanted to fix at 1.99% fixed rated but they have $8 a month fee for fixed home loans.

  • Hey op I’ve got preapproval for investment variable loan with homeloans.com.Au at 2.39% no honeymoon rate and Fees
    and charges
    $0
    Application
    $0
    Valuation †
    $0
    Annual
    $300 plus legal
    have you anything better?

    • Sounds like a very good low rate low fee deal. Citibank would be close to that with a 3-4k rebate for purchases and a variable redraw rate 2.49% on investment up to 80% lvr. 600 in citibank fees on that product and no annual fee.

      Much of a muchness there isnt a lot of savings moving to citibank i would stay on that since you've already made that choice.

    • The citibank deal is close with a 2.49% variable redraw rate + 3-4k cashback for purchase + 600 in fees from citibank.

      Suncorp also came out with a 2 and 3 year fix for invetsment P&I 2.28% up to 80% lvr 375 annual fee waived first year and no other fees for Suncorp.

      But you are on a very good deal already so i wouldnt be moving since your already pre approved.

      You are on a great deal already.

    • Thats a pretty great deal, the citibank one is close. But since your pre approved already i wouldnt be moving for such small amounts.

  • What about HSBC?

  • The citibank rate is good. I will book to have a chat and check what the associated fees are?

  • Who has the lowest fixed rate with cash back and redraw or offset capabilities?

  • The citibank deal is close with a 2.49% variable redraw rate + 3-4k cashback for purchase + 600 in fees from citibank.

    Suncorp also came out with a 2 and 3 year fix for invetsment P&I 2.28% up to 80% lvr 375 annual fee waived first year and no other fees for Suncorp.

    But you are on a very good deal already so i wouldnt be moving since your already pre approved.

    You are on a great deal already.

  • I will book to have chat. the Citibank rate is really good.

  • Thats a pretty great deal, the citibank one is close. But since your pre approved already i wouldnt be moving for such small amounts.

  • Is there a big difference in rates for <80% and 90% LVR loans?

    • Yes many of the lender start loading the rates up if its a 90% lvr deal.

      Send me an email or book an appointment and I can show you what's available.

    • Yes a very good deal. They keep extending it every month. But citibank is a smaller lender so I wouldnt be suprised if they switch it off at the end of this month after they get enough applications in their pipeline to meet their targets.

    • Always budget for a minimum of

      350 discharge fee current lender
      350 mortgage transfer charges government
      and new lender fees
      if its citibank
      600 for the redraw variable product
      or
      350 annual fee
      250 up front fees
      for the offset or fixed product.

    • That would be st george or citibank.

    • Ok perfect talk soon

  • +5 votes

    Apologies for the multiple comments. I'm getting oz bargain server issues every time I try and reply.

  • Emailed :)

  • PM sent. Cheers.

  • Can you get the rate lock fee waived with St George?

  • Hi, Is it quicker to go through a broker to seek approval for a home loan?

    • If you are looking for a pre approval the main banks i use for this that have quick sla's are:

      Bankwest / Advantedge / ING / Suncorp / Resimac / NAB / Me bank / Firstmac / Resimac / Macquarie / AMP

      Most of these lenders take 1-3 days to pick up a file and have you pre approved within 1 - 1.5 weeks.

      Similar to if you walked straight into a branch.

  • Adrian, do you work with Tic Toc? The fixed rate looks very enticing. But is it just that enticing with a plethora of problems.

    • No broker has tic toc on their panel - You would need to go direct with them. But be careful their tech doesnt allow for a wide range of deals and their risk profile is very low they decline a lot of deals for anything like high lvr / tight deals / a lot of over time bonus or comms / policys like maternity leave / abn a very long list of deals.

  • Adrian
    are there any deals on Owner Occupied Interest Only (fixed for 2-3 years)? House worth $3.5m, $1m P&I, $1m IO (approx) so overall LVR is 57%.
    MH

    • Many banks cause issues now with io on owner occupied unless we go at it from the angle of sophisticated investor that is debt recycling for investments. Ive gotten a few of these done through suncorp recently.

      Teachers mutual bank 2.35% owner occupied 2 & 3 year fix io + offset account sitting against the fixed portion. Would be one of the target banks in this owner occupied io space.