"1.5% Cashback - Largest ever - Limited time offer"

What is a Cash contribution?

A cash contribution, or cashback, is a lump-sum payment a bank gives you when you take out a new home loan or refinance with them. It's used as an incentive and can be used for anything you like, legal fees,  moving costs, or new furniture.

Case Study: Michael and Sue 

Background:

Michael and Sue are a professional couple in their mid-40s who have owned their own home for over 5 years and have 20% equity in their home. They have remained with the same bank since their home purchase. 

Financial Situation:

Michael and Sue have a mortgage of $1,000,000 and have accumulated outside debt of $50K (Credit card and Car loan). 

Result:

Michael and Sue refinanced their loan and consolidated their outside debt into a short-term mortgage.

Result:

Cash contribution $15,750 ($1,050,000 x 0.015%)

Lower monthly repayments of $300 per month on their consolidated debt

Summary:

A combination of refinancing and Debt consolidation can be a great way to tidy up some of your financial commitments and make payments more affordable. The one-off Cash contribution payment is also a great way to help reset your financial situation.

Give us a call if you would like to explore these options……

We take calls over the weekend 027 472 52 44  Sara Hartigan