19/01/2025
Occasionally, a special home loan deal comes on the market, and I think this is one of them. I'm letting you know now because these offers are generally short-lived.
Two large lenders recently merged into the biggest mutual bank in Australia, giving the big banks a run for their money. They have a very competitive offer, but I don't think it will last long due to everyone flocking there.
Here's what they're offering:
- Interest rate of 5.89% variable (5.90% comparison rate) for home loans under 70% of the property value.
- Interest rate of 5.99% variable (6.00% comparison rate) for home loans over 70% of the property value.
- Mortgage insurance is waived for police, paramedics, nurses, dentists, pharmacists, optometrists, vets, GPs, medical specialists, and hospital doctors if you need to borrow over 80% of the property value. You still get 5.99%.
- Cashback of $1,000 for loans over $500,000 if you are refinancing (less than 80% LVR) for this month only, which covers your refinancing costs with money left over.
- If you want an offset account, you can pay an extra $395 per year (I will calculate whether it's worth it for you) or get the fee waived for the first year if you're a medical professional.
You get the same benefits for investment properties, although the interest rates are slightly higher (still great).
This is a very competitive deal in today's market, so if you or somebody you know is looking to purchase or refinance property, just reply to or forward this post to people who would benefit.
You can e-mail me at [email protected] or call me at 0420 908 218. I will respond with a few questions, and if everything looks good, I will fully assess your situation to ensure you qualify and then send you a Game Plan with the exact repayments, etc.
As always, I'm here to answer your questions. If you have a different situation that you want to run past me, I have access to lender policies and can give you feedback on your situation and plans before you apply for a home loan. I still don't charge any fees.
Cheers,
Chris Godwin
0420 908 218
[email protected]
