What is a refinance cashback offer?
Cashback deals are a marketing incentive some lenders use to attract new customers looking to refinance their existing loan.
Refinance Cashback Offers
Refinance your home loan and you could be eligible for up to $3,000 cashback^^.
Is a cashback deal on a home loan better than a low rate?
A cashback offer can sound very tempting. But your home loan is a long term financial commitment, so it makes good financial sense to to know which puts you ahead over time - a lower rate or a cash payment. Some lenders are offering cashbacks - worth up to $2,000** when you refinance.
But is that a better deal than a low rate? Contact your Mortgage Choice broker to crunch the numbers and let you know for sure, or fast track your enquiry with our free home loan quote and get started below.
What home loan refinance cashback offers are available?As of 1 November 2024, the following refinance cashback offers are available from our panel of lenders~
$2,500 expires 31/12/2024
$2,000 from 01/07/2023
$2,000 from 26/08/2023
$3,000 from 08/09/2023
$1,500 from 03/04/2024
It is important to understand that each lender has its own eligibility requirements when it comes to a refinance cashback offer and that offers are usually only available for a limited time.
Speak to a broker to see if a cashback offer is right for you.
Contact UsWhy choose Mortgage Choice?
Your Mortgage Choice broker is the go to expert on home loans. They’ll crunch the numbers so you can be sure you’re getting a deal that suits your needs.
They can contact your current lender and try to negotiate a better rate on your behalf. And, if your current lender won’t budge on your rate, your broker can let you know in just a few minutes if a better deal is available.
Your Mortgage Choice broker works closely with over 25 lenders and is up to speed on each lender’s rates, fees, special offers, borrowing limits and all the information your broker needs to make an informed recommendation on which loan and lender is right for you.
Is refinancing worth the fuss?
Refinancing refers to the process of paying out your current home loan by taking out a new loan, either with your existing lender or through a different lender.
Review your home loan to make sure you're getting the best deal today!
Hear from our customers
I’ve had very good experiences with Mortgage Choice. I still look back to the loan I had before I met my Mortgage Choice broker and I think they must have made a motza out of me. That’s why I’ve referred other people locally to Mortgage Choice. And it’s true, Mortgage Choice’s home loan service didn’t cost me a cent.
I’ve already recommended Mortgage Choice to family members. I know I can call my Mortgage Choice broker and he’ll look after my home loan needs. When you find someone you trust, you feel comfortable sticking with them, and that’s certainly been my experience with Mortgage choice.
We still can’t believe how easy it was. Not only did our broker arrange an appointment suited around us but within a short time we felt completely comfortable and at ease with our refinance options. He gave us options which empowered us with choices that saved real time, lots of money and much anguish.
I’d definitely recommend Mortgage Choice – in fact, I’ve already referred family members who were looking to upgrade their home, to our Mortgage Choice broker. Once our renovations are complete we may look at exploring investment property opportunities, and we’ll head back to Mortgage Choice for help with this also.
My Mortgage Choice broker had discussed a number of different types of loans, and he explained how an offset loan could be useful in my circumstances. He was absolutely spot on because after only a few months I can really see the impact the offset account is having. After all those years feeling like I was getting nowhere, I am starting to see the loan balance fall and it feels really good.
In mid-2017 we needed to upgrade our car, so I got back in touch with our Mortgage Choice broker. She gave us good advice on how to get our finances in order to be in the best possible financial position to apply for a loan. She also talked us through the various finance options and crunched the numbers to show how using home equity was a more affordable way for us to fund the car rather than using a car loan.
Refinancing cashback offer FAQs
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