Recently, ING has dropped their fixed rates for any purchase or refinance of residential property. Most major banks fixed rates are close to 6%. To qualify for the extra discount 0.1% towards ING fixed home loans, a $50k loan split under Orange Advantage variable home loan is required with annual fee of $299.
Rate lock fee for fixed home loan for 90 days is $749 once off.
Rates highlight:
Owner occupied P&I with comparison rate (CR)
1 Year Fixed 5.44% CR at 5.28%, 2 Year Fixed 5.44% CR at 5.30% and 3 Year fixed 5.34% CR at 5.29% under 80% link to Orange Advantage Variable
Mortgage Simplifier Variable with redraw facility under 80% (OO PI) IR at 5.24% CR at 5.26%
Orange Advantage Variable with offset facility under 80% (OO PI) IR at 5.24% CR at 5.54%
Investment P&I with comparison rate (CR)
1 Year Fixed 5.64% CR at 5.53%, 2 Year Fixed 5.64% CR at 5.54% and 3 Year fixed 5.54% CR at 5.53% under 80% link to Orange Advantage Variable
Mortgage Simplifier Variable with redraw facility under 80% (OO PI) IR at 5.49% CR at 5.51%
Orange Advantage Variable with offset facility under 80% (OO PI) IR at 5.49% CR at 5.78%
Refinancing rebates available:
ING - $3,500 for loan amount $350k when refinancing by 31st May 2023.
BOQ - Get up to $3,000 cashback when you refinance your home loan. No Expiry. T&Cs apply.
ANZ - Get up to $4,000 cashback when you refinance your home loan for loans of $250k and more
St George / BOM - Get up to $4,000 cashback when you refinance your home loan until 31 August 2023 and settle by 30 Nov 2023 T&Cs apply
Please note that there are other rebates from other banks which we can show you as part of our report to you.
Comparison Rates
Each comparison rate is based on $150,000 over 25 years. These comparison rates apply only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.
Broker Rebate Terms and Conditions
We are offering a $500 upfront cashback for loan greater than $500k (excluding offset and redraw) for any fixed term loan of 2 years or more. $1,000 upfront cashback for loans $1M and above (excluding offset and redraw) for any fixed term loan of 2 years or more. When all loan is variable, rebate is paid in 2 instalments in 2 months and 24 months. Maximum of 1 cashback per household.
My Profile:
Ex corporate accountant for over 10 years and joined my own mortgage broker as a trainee. Full-time mortgage broker since 2014. Reviews over 100 clients (https://www.ratemyagent.com.au/mortgage-broker/james-sim-hf2…). Won National Top Broker for customer service award 2022.
Contact me for a no obligation meeting via Calendly(https://calendly.com/james-sim/30min) or call me directly.
James Sim - Senior Mortgage Broker
M: 02 8319 4862 / 0487 000 098
E: [email protected]
W: https://www.nectarmortgages.com.au/project/james-sim/
Australian Credit License number 387856
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