The bank war is getting hotter. In response to National Australia Banks marketing campaign, The Break Up, the Commonwealth Bank has entered the arena with cash incentives for customers who refinance their NAB/Homeside to a Commonwealth Bank home loan.
The Commonwealth will give existing NAB/Homeside mortgage customers a once off $1,200 cash incentive if they refinance their mortgage to the Commonwealth Bank. The CBA are also offering a $100 cash incentive if you switch your existing NAB credit card or savings account to the CBA. Conditions do apply, and these offers are available to Saturday 30 April 2011.
With other banks and lenders also offering fee discounts, interest rate discounts and some offering cash incentives, their has never been a better time to compare your current home loan. As your mortgage broker, these discounts and special offers still apply, if you refinance your home loan with me. My service is free (I am paid commission by the banks), and obligation free, so it will cost nothing more than a little bit of your time to compare your current home loan. You may be able to save yourself some hard earned money.
First-time home buyers are sometimes granted special benefits, such as subsidized interest costs, payment deferrals and no down payments. However, these special programs may restrict your choice of dwelling and force you to invest in cheaper properties.
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