footyboy » user profile

Status In Penalty Box.
Member Since 16/02/2015
Last Seen 10 hours 16 min
Badges 6 5
Location Sydney
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Agree, ING / St George / ME / ubank / Suncorp are probably the best 5 deals right now, depending on your scenario. Aidan.
28/03/2023 - 14:42
Here's my guess - brokers were happy to offer cashbacks when fixed rates were in Vogue. Now everyone wants variable, the risk of a clawback…
28/03/2023 - 14:41
I'm sure this will get downvoted, but the best brokers don't need to give cashbacks. I've done 143 refinances for OzBargainers, and never…
28/03/2023 - 07:22
As someone who (at today) has 133 x 5-star reviews, it is possible. You just gotta ask, a lot. Maybe 10 reviews is easy to fake, but any…
26/03/2023 - 07:34
Thanks, went into OW and they price beat by 5% to $1,186 👍 Aidan.
25/03/2023 - 12:23
Offset = your money Redraw = the bank's money You have to request redraw back, at the bank's criteria and timeframe. Also be aware of…
24/03/2023 - 16:28
I have these for work calls. Where these stand out is when you have background noise on your end (wife hoovering, dog barking) - the other…
13/03/2023 - 07:10
Yep, absolutely. Under 1 year - 100% income clawback. Over 1 year but under 2 year - 50% clawback. Aidan.
12/03/2023 - 17:43
Zero years. Brokers cannot pass on clawbacks. At all. Aidan.
12/03/2023 - 17:36
@funkybits - here's my offer to you. I'll go in to bat for you (for free) and I'm very confident I can get you a better rate with your…
12/03/2023 - 17:35
We get paid a decent amount from the banks. For a simple transaction, this ball and chain method makes other brokers look bad. Aidan.
12/03/2023 - 17:33
Fair enough. Here's another angle that you could get with a broker vs going direct; - better than advertised rates - fee waivers - free, up…
12/03/2023 - 17:32
Theres 18,000+ brokers in Aus. Don't tar us all with the same brush please. Aidan.
12/03/2023 - 17:28
Possibly, but my specialitiy is getting loans approved, not the law. Aidan.
12/03/2023 - 17:16
Broker here to clear this one up. Yes, previously brokers could so this unfortunately. From 2020 this is now banned. Brokers cannot enforce…
12/03/2023 - 11:36
This is not enforceable now, you should again consider brokers if thats the reason holding you back. Aidan.
12/03/2023 - 11:30
And as for the second part, usually it's some back-office junior who controls disbursements, so it's likely they will put the redraw into…
08/03/2023 - 09:19
I'm a broker (1,000+ refinances) The surplus cash currently sitting in redraw of your existing loan would generally be available as…
08/03/2023 - 09:15
I'd like to thank the 143 legendary OzBargainers who chose me as their broker over the years. Aidan.
05/03/2023 - 12:49
My S20 is running well, no need to upgrade and will wait another 2 years.
26/02/2023 - 18:56
@FirstWizard rate may be 0.10% higher, however a $4k cashback on a $300k loan equates to a 1.333% discount (1st year)
20/02/2023 - 18:44
@Donaldhump correct 👍
20/02/2023 - 18:42
Just skip to part 2. No need for outgoing bank to re-value your home. Aidan.
20/02/2023 - 16:31
I'm a broker; - revalue home for $400k, use equity to sit $300k in redraw - Yes - re-finance with new bank for $400k loan, get $4k…
20/02/2023 - 14:18
Broker here - yes you should buy in this market. MWOHOHAHAHAHAHAHAH *drinks pint of blood*
13/02/2023 - 15:48
Broker here - for those worried about further rises, fixed rates are looking pretty tasty again. 2 year fixed (with 100% offset) loans are…
09/02/2023 - 07:33