Lenders Are Providing $3000 Cashback to Refinance Your House Loan
Lenders are giving you cash back when you refinance your house loan, but only if you apply between 1 July and 30 September this year. In addition, you must refinance with another lender by 31 December. To apply for the cashback, call or write to ING Australia or Suncorp.
Suncorp
If you need to refinance your house loan, Suncorp Bank has a great offer for you. You can get up to $3000 cashback if you have a mortgage with them. The cashback is available to homeowners who borrow $750,000-$1 million or more. However, you need to apply before 30 November 2022, and your loan must be settled by 28 February 2023.
The offer is valid for Suncorp home loans, including Investor and Owner Occupier loans. It does not apply to loans with a Loan-to-Value Ratio above 80%. It is also not valid for refinanced loans made with another lender.
The cashback payment is paid to the primary applicant of the house loan. However, the offer is not available for Owner Occupier Interest Only loans, Westpac Group refinances, and residential lending originated under trust. Independent tax advice is recommended before taking up this offer.
- Advertisement -
Cashback deals are an excellent way to attract more borrowers to a lender. However, you need to be aware of the motivation of cashback providers. Some may lock you into a higher interest rate than what is best for you. In the long run, this will cost you more money than the cashback you’ll receive.
The Back to Basics loan from Suncorp offers low rates and helpful features, with few fees. The lowest rate is 3.71% p.a. and requires that you are an owner occupier and have an LVR of 70-80%. The rest of the LVR tiers have competitive rates. Other benefits of the Back to Basics loan include extra repayments and redraw facilities, a split rate option, and no upfront fees.
As for the Suncorp cashback offer, there are other home loan cashback offers available from other banks. You can also apply for a home loan from ANZ or Bankwest, and get up to $2,000 in cash back on the loan amount. However, you must apply for the loan through a mortgage broker to qualify for this offer.
These cashback deals are available to new owner occupiers and investors. The cashback amount depends on your personal goals and financial situation.
ING
If you are planning to refinance your house loan, you may qualify to receive a cashback of $3,000 from ING. This offer is valid for new customers who refinance their house loans from ING. You must have a loan amount of at least $500k, and your LVR should be 80% or higher. However, you must make sure that your application is received and settled by December 31, 2021.
If you are looking to refinance your house loan, this offer may be just the thing you need to get you on the right track. With this promotion, you can refinance your house loan and receive up to $3,000 cashback, which you can use to make improvements to your home or save for a rainy day. To qualify for the cashback, you must apply for the home loan and settle it before 30 September 2022. Furthermore, you must have an active ING Orange Everyday account to be eligible.
As Australia’s sixth largest mortgage lender, ING has introduced the cashback offer to regain lost market share. However, it is worth noting that ING is not the only lender offering cashback deals. You can find other lenders offering cashback deals ranging from $1500 to $5,000. It’s best to compare cashback offers and other loan features to decide which one is the best fit for you.
As with all cashback offers, you can only take advantage of the offer for a limited period. The offer is valid for new owner occupier and investment house loans with an LVR of 80% or less. If you are unsure of whether you are eligible for the cashback offer, you can contact ING via telephone or email. If you prefer not to call, you can leave a voicemail, which will be answered in the next round of calls.
Cashback offers are becoming increasingly common for home loans. The money you receive after refinancing your loan can make the difference between thousands of dollars and hundreds of thousands. ANZ and Westpac both offer cashback offers, but the amount can be quite low for some customers, so make sure to read the fine print before you commit to a deal.
CommBank
CommBank is offering an attractive cashback offer to help you save money on your house loan. You can get up to $2000 cashback on a new house loan, or refinance your existing loan with a discounted rate. However, you must refinance at least $250,000 to be eligible for the offer.
You should check the fine print before applying for cashback. Different lenders may have different terms and conditions. For instance, some may prohibit refinancing multiple times within a specific period. Some will also limit the cashback bonus to certain loan types and periods. Always check with your mortgage broker or financial adviser for the exact terms and conditions before refinancing.
To qualify, you need to refinance your home loan with a maximum loan amount of $250 000. This cashback is available on Owner Occupied home loans, split rate loans, Viridian lines of credit and investment loans. You must complete your refinance before 31 December 2020 to receive your cashback.
Cashback offers vary based on the LVR of the property. Loans up to $250,000 can receive up to $999 cashback, while loans above $1 million can receive up to $4000. The cashback must be deposited into an AMP Bank offset account within 60 days of settlement. To qualify, you must refinance your house loan with an LVR of 80% or less. Lastly, you should know that cashbacks may be subject to certain conditions, so ensure you compare several offers carefully.
The cashback offer is available to owner occupiers and investors who have 80% LVR or below. However, the cashback offer does have certain eligibility requirements and can change without prior notice. This offer is limited to one applicant per qualifying application, and you must meet the criteria to be eligible for the offer.
ING Australia
ING Australia has a new incentive for homeowners looking to refinance their house loans: $3K cashback. The cashback deal is available on selected ING home loan products up to a loan-to-value ratio of 80 per cent. Applicants must apply for a refinance before 30 September 2022 and settle the loan before 31 December 2022 to qualify for the cashback offer.
To qualify, borrowers must be refinancing a house loan from another lender and have at least $500,000 left on the loan to be eligible for the cashback offer. There are no recurring fees and customers can choose to make extra repayments if required. The cashback offer is valid until the end of September 2019, but ING may remove the offer at any time.
The ING cashback offer is open to eligible borrowers. Applicants must be new to ING and be refinanced a house loan of $500,000 or more. The offer is only available on new refinance applications and is not available on refinances of existing ING home loans. In addition, customers must meet the loan criteria of 80% LVR and apply by December 31, 2021, and settle the loan by 31 March, 2022.
Refinancing a home loan is a good way to save money on interest. With cashback, you will get up to $5000, or even more, depending on your circumstances. The best way to get cashback is to visit your local bank and talk to a mortgage broker. This way, you can compare rates and choose the best one for your home.
To qualify for the offer, you must have a PAYG income, and not be required to take out Lenders Mortgage Insurance. You must also have a history of 12 months of repayment. Likewise, you must not have any other loans with evidence of delinquency or hardship. You must also have no more than three credit cards.
Lenders Provide Cashback to Refinance Your House Loan – Final Thoughts
If you are thinking about refinancing your house loan, you can get cashback from lenders. However, you need to decide how much money you need beforehand. Get estimates from contractors to figure out the exact amount. Also, be prepared to sit down with your bank and credit card statements and determine how much money you can borrow.
When looking for a lender to refinance your house loan, make sure to shop around for the best price. It is recommended to get at least two to three quotes from different lenders. This way, you can negotiate the terms and fees with the lenders. You can also ask if you can get waived fees. Also, be sure to check your loan estimate thoroughly for any hidden costs or fees.
One thing to note when refinancing your house loan is the closing costs. While cashback is great, closing costs will cut into your cash-back. It’s not uncommon for closing costs to be higher than the cash-back. Depending on your situation, you may be more interested in a low rate and low costs.
Refinancing your house loan is a great way to get extra money for your long-term financial goals. However, it’s important to remember that cash-out refinancing is best suited for homeowners with significant equity in their home.
