Thinking about switching your mortgage? You might not know it but refinancers are in high demand, with lenders throwing everything at eligible borrowers looking to switch to a new home loan.

We’re not just talking about some of the seriously competitive interest rates around right now either, because a host of lenders are also offering extra incentives like cashback offers.

In fact, 22 lenders in the Mozo database currently have cashback deals on the table for eligible refinancers, including four banks that are offering $3,000 or more: Bank of Queensland ($3,000), Citi ($3,000), HSBC ($3,288) and Virgin Money ($3,000).

And hey, who’s to say you can’t grab a great rate as well as a cashback deal while you’re at it? To help you start comparing, we’ve wrapped up four competitive refinance offers below.

To compare even more offers available to refinancers, as well as other types of borrowers, head on over to the Mozo home loan comparison hub.

*WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.

Mozo provides general product information. We don’t consider your personal objectives, financial situation or needs and we aren’t recommending any specific product to you. You should make your own decision after reading the PDS or offer documentation, or seeking independent advice.

While we pride ourselves on covering a wide range of products, we don’t cover every product in the market. If you decide to apply for a product through our website, you will be dealing directly with the provider of that product and not with Mozo.



Source Google News