Home Loan Cashback

Home Loan Cashback

Home loan cashback offers — Universal Finance Corporation

Looking to get a bit more out of your home loan? Taking out a home loan with a cashback offer could be your best bet. Universal Finance Corporation can help you find the most competitive home loan cashback offers in the market, ensuring you get a mortgage solution that helps you kick off your home loan in a positive way.


Explore our home loan cashback brokerage services and contact us today to discuss your financing needs.


What is a home loan cashback offer?


Whether you’re a first-home buyer or looking to refinance, shopping around for a home loan can leave you feeling spoilt for choice. Between competitive interest rates, minimal fees and flexible repayment features, lenders pull out the big guns to attract new customers. One popular promotional offer lenders may include in their offering is a home loan cashback.


As the name suggests, home loan cashback is a promotional incentive where a borrower receives a cash payment upon settling their home loan. Depending on the lender, you may be able to lock in a cashback deal of upwards of $2,000.


How Universal Finance Corporation can help


With new home loan cashback offers emerging daily, how do you know when you’ve found the right one for you? Between sifting through home loan cashback offers of $5,000 or $6,000, it's essential to review the terms and conditions carefully, as some offers may come with higher interest rates or additional fees. 


Working with a mortgage broker can help borrowers find the best cashback deals suited to their financial situation. Universal Finance Corporation is accredited with over 30 lenders, from the Big Four banks to credit unions and online-only lenders, to ensure our clients receive the best home loan cashback offer based on their current and future financial goals.


Our team of brokers do the heavy lifting in finding the right mortgage and preparing your application on your behalf. We’ll help determine your borrowing capacity, eligibility and creditworthiness to ensure you are matched with the most suitable solution. 


Get in touch with us today 


Find the right home loan refinance cashback offer or even lock in a $3,000 home loan cashback offer as a first-home buyer with Universal Finance Corporation. Give us a call at (02) 9558 9666 or fill out an online enquiry form to get started today.



FAQs

  • What is a home loan cashback?

    A home loan cashback offer is an incentive offered by lenders in which a sum of money, typically between $2,000 and $5,000, is returned to the borrower after the loan is settled. Lenders use home loan cashback offers as a promotional strategy to attract new customers, typically targeting refinancers or first-home buyers.

  • How do home loan cashback offers work?

    Home loan cashback offers provide borrowers with a cash incentive upon loan settlement. Lenders typically issue the cashback after the loan is approved and settled. Borrowers can then put the cash toward other property purchasing expenses, like moving costs or purchasing furniture.

  • What are the eligibility criteria for a home loan cashback?

    While eligibility criteria for home loan cashback offers vary, lenders typically ask borrowers to provide a minimum loan amount and a specific loan-to-value ratio. Borrowers may also need a good credit score, stable income and any other specific terms and conditions by the lender.

  • Are there any drawbacks or hidden conditions in home loan cashback offers?

    Like any mortgage product, there can be hidden conditions and drawbacks borrowers need to be aware of before signing the dotted line. For instance, despite the initial financial incentive, the loan may feature a high interest rate, hidden fees or a longer loan term. The cashback offer may also be limited, which can outweigh the overall perk, and the lender’s eligibility criteria may be more stringent.

  • How can I find the best home loan cashback offers?

    To find the best home loan cashback offer for your needs, consider working with an experienced mortgage broker. Brokers, like the team at Universal Finance Corporation, have access to a wide range of lenders and can compare various offers on your behalf. We can identify the most competitive deals and help you navigate eligibility criteria, ensuring you get a home loan that delivers a worthwhile incentive and aligns with your financial needs for years to come.
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