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PRODUCT OF THE WEEK
Heritage Discounted Variable
6.45%
Extra repayments and redraw




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New borrowing

Our rebates are payable on new borrowing. Thus if you are with a lender and we write a loan for the extension of your loan - say from $200,000 to $350,000 we are generally only paid an up-front commission corresponding to the new borrowing we introduce - in this case $150,000 qualifying for a rebate.

On the other hand if a client were to fully refinance the loan with an entirely new lender in the process of increasing their lending, we would pay a rebate on the full loan - in this case $350,000. This would be up to $1,000 according to our current rebates.

A word of caution - there are often costs associated with a refinance - even when lenders advertise "no application fee" that doesn't mean there is no legal fee, valuation fee or government charges.

See our terms and conditions for full explanation.