Current sla's Service levels -
8-9 business days for refinances
15 days + for purchases that dont have a contract - so please be patient if you take this route. Once you sign on a property contract with a cool off period they can escalate files in 2-4 days
Purchases with a contract 2-3 days with escalation
Time it takes to refinance
Expect 2 to 2.5 months currently if we get a discharge sent through early with your current lender not causing issues with booking settlement
P&I packaged HOME LOAN
1.89% for 2 years fixed for home loans (CPR 2.71%)
1.99% for 3 years fixed for home loans (CPR 2.70%)
P&I packaged INVESTMENT LOAN
2.19% for 2 years fixed for investment loans (CPR 3.04%)
2.29% for 3 years fixed for investment loans (CPR 3.02%)
Interest Only INVESTMENT LOAN
2.39% for 2 years fixed for investment loans (CPR 3.32%)
2.49% for 3 years fixed for investment loans (CPR 3.29%)
Variable rate discounts given by bank bdm. Not shown online.
Fees for Mortgage Plus Package loans
$250 Settlement Fee
$350 Annual Fee
Fee without Mortgage Plus Package
$399 Application Fee
$250 Settlement Fee
$8 per month per loan split
Refinance rebate
$3,000 cashback 350k to $750k
$4,000 cashback where the home loan amount is $750k or more;
$6,000 cashback where the home loan amount is $1mill or more;
Citibank offers free rate lock for up to 60 days.
Broker Cashback $500 for balances between 300k and 700k net of offset & $1000 cashback for balance over 700k net of offset. Broker rebate paid post settlement normally 2 months post settlement.
Types of clients suitable on a plus 3.00% rate? or havent reviewed your mortgage in 18-24 months?
We are also looking for long term relationships with clients, if you intend to refinance again or sell within 12 months, the banks actually claw us back on our upfront commission completely so we would be unable to help in these circumstances. I will do my best to reply to all comments.
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.
We are also a Citi Select Premium Broker Which puts us in the top tier for quality / settlements / submission for brokers across the country
You can book an appointment straight into my calendar - https://calendly.com/adrianplayermortgagebroker/15min
Ive opened up my calendar for the long weekend on Saturday / Sunday as a once off if anyone needs an appointment.
Kind Regards
Adrian Player | Director
M: 0416643638
W: www.integralloansolutions.com.au
Adrian Player is a credit representative (498364) of BLSSA Pty Ltd ACN 117 651 760 (Australian Credit Licence 391237).
Citibank is very pessimistic when evaluating properties' worth. There was a big difference in their valuation and HSBC's valuation when I tried to refinance my property earlier this year.