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Reaping the Rewards: Advantages of Cashbacks in Refinance Home Loans

Explore the economic advantages of refinancing home loans, with a specific focus on the financials benefits cashback offers can be bring homeowners.

As the financial landscape evolves, lenders are offering more innovative ways to attract and retain customers. One such trend is the provision of cashbacks on refinance home loans. Here, we delve into the benefits of this intriguing financial incentive, and share details of our current cashback offer at Fync.

The benefits of refinance cashbacks

While cashbacks should not be the sole deciding factor when refinancing a home loan, they can contribute to potential savings

Removes the Costs of Switching Banks.

Refinancing your home loan involves various expenses. There are exit fees from your current lender, establishment fees with your new one and also government registration fees. Cashback offers can be a game-changer in such situations. The cashback you receive can pay for these costs, effectively making the process of switching banks less financially burdensome. It’s like getting a helpful push to make that move you’ve been considering, without the sting of additional costs.

A Welcome Boost to Your Cash Flow.

A cashback offer when refinancing your home loan essentially puts extra money straight into your pocket. This unexpected influx of cash can provide a significant boost to your personal finances. Whether you choose to save it, invest it, or spend it on something special, it's always pleasant to have a bit more financial freedom. It's like a mini windfall that comes with the wise decision of refinancing.

Enhanced Overall Value.

Cashbacks can notably amplify the overall value of your refinance home loan. When a cashback offer is bundled with a loan that already features competitive interest rates and low fees, the overall financial package can become significantly more appealing. This is because the cashback effectively acts as a rebate, reducing your effective loan cost.

A Reward for Your Loyalty.

Home loan refinance can be rewarding

Essentially, cashbacks are a 'thank you' from your lender. They serve as a reward for your decision to entrust them with your home loan refinancing. This reward for your loyalty not only provides a tangible benefit in the form of extra cash, but it also reinforces the positive relationship between you and the lender.

It's essential to consider your individual circumstances and financial goals when deciding to refinance. While a cashback offer can be appealing, ensure you fully understand the terms of the loan and seek professional advise as necessary.

At Fync, we're currently offering a cashback bonus for those who refinance and take out eligible new home loans of $250,000 or more. Depending on your loan amount, you could receive up to $5,000 back in your pocket, plus enjoy zero application fees, potentially saving you up to $600. This offer is valid for applications between 1 May 2023 and 31 July 2023, with settlement on or before 30 September 2023.

Cashbacks can be a win-win situation, offering significant benefits to homeowners looking to refinance. So, if you're considering a refinance, it may be the perfect time to take advantage of a cashback offer and enjoy the financial rewards that come with it.

Contact Fync today to learn more about how we can make your financial journey even more rewarding.

*Disclaimer: Please note that the information provided in this communication is for general informational purposes only and should not be construed as professional advice. It is not intended to substitute for personalised financial, legal, or tax advice. Please consult a qualified professional before making any decisions based on the information provided.


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