Refinancing Incentive $1200

Jul 2017 - AU Mortgage News

Australia or Singapore banks

$1200 Refinancing Incentive!

David & Partners, via some of our accredited lending partners is offering a $1200 SWITCHING DISCRETION FOR HOME AND RESIDENTIAL INVESTMENT LOANS WITH PRINCIPAL AND INTEREST REPAYMENTS.

The current refinance incentive discretion of up to $1,200 for new Home or Residential Investment loans with principal and interest repayments refinanced. New eligible loans must be submitted by 31 October 2017 and drawn by 31 January 2018.

Eligibility criteria

Available for refinances across Home and Residential Investment lending from OFI (other financial institutions)

Customers must take out a minimum of $250k in new lending with Principal and Interest repayments.

There must be a refinance portion to the application; for example $100,000 refinance plus $200,000 in new lending is acceptable as it meets $250k new to bank lending requirement.

Eligible loans must be submitted by 31 October 2017 and draw by 31 January 2018.

Customer must meet eligibility in order to be offered the $1,200 payment.

Can be used for existing Home Loan customers refinancing an additional amount from another financial institution (total new lending must be at least $250k).

This discretion is available for a limited time only and may be withdrawn or altered by the lender at any time.

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