{"version":"1.0","provider_name":"Bellarine Times","provider_url":"https:\/\/timesnewsgroup.com.au\/bellarinetimes","title":"Are refinance cashback deals worth it? - Bellarine Times","type":"rich","width":600,"height":338,"html":"<blockquote class=\"wp-embedded-content\" data-secret=\"yS2VN2RskL\"><a href=\"https:\/\/timesnewsgroup.com.au\/bellarinetimes\/real-estate\/are-refinance-cashback-deals-worth-it-2\/\">Are refinance cashback deals worth it?<\/a><\/blockquote><iframe sandbox=\"allow-scripts\" security=\"restricted\" src=\"https:\/\/timesnewsgroup.com.au\/bellarinetimes\/real-estate\/are-refinance-cashback-deals-worth-it-2\/embed\/#?secret=yS2VN2RskL\" width=\"600\" height=\"338\" title=\"&#8220;Are refinance cashback deals worth it?&#8221; &#8212; Bellarine Times\" data-secret=\"yS2VN2RskL\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\" class=\"wp-embedded-content\"><\/iframe><script>\n\/*! This file is auto-generated *\/\n!function(d,l){\"use strict\";l.querySelector&&d.addEventListener&&\"undefined\"!=typeof URL&&(d.wp=d.wp||{},d.wp.receiveEmbedMessage||(d.wp.receiveEmbedMessage=function(e){var t=e.data;if((t||t.secret||t.message||t.value)&&!\/[^a-zA-Z0-9]\/.test(t.secret)){for(var s,r,n,a=l.querySelectorAll('iframe[data-secret=\"'+t.secret+'\"]'),o=l.querySelectorAll('blockquote[data-secret=\"'+t.secret+'\"]'),c=new RegExp(\"^https?:$\",\"i\"),i=0;i<o.length;i++)o[i].style.display=\"none\";for(i=0;i<a.length;i++)s=a[i],e.source===s.contentWindow&&(s.removeAttribute(\"style\"),\"height\"===t.message?(1e3<(r=parseInt(t.value,10))?r=1e3:~~r<200&&(r=200),s.height=r):\"link\"===t.message&&(r=new URL(s.getAttribute(\"src\")),n=new URL(t.value),c.test(n.protocol))&&n.host===r.host&&l.activeElement===s&&(d.top.location.href=t.value))}},d.addEventListener(\"message\",d.wp.receiveEmbedMessage,!1),l.addEventListener(\"DOMContentLoaded\",function(){for(var e,t,s=l.querySelectorAll(\"iframe.wp-embedded-content\"),r=0;r<s.length;r++)(t=(e=s[r]).getAttribute(\"data-secret\"))||(t=Math.random().toString(36).substring(2,12),e.src+=\"#?secret=\"+t,e.setAttribute(\"data-secret\",t)),e.contentWindow.postMessage({message:\"ready\",secret:t},\"*\")},!1)))}(window,document);\n\/\/# sourceURL=https:\/\/timesnewsgroup.com.au\/bellarinetimes\/wp-includes\/js\/wp-embed.min.js\n<\/script>\n","thumbnail_url":"https:\/\/static.timesnewsgroup.com.au\/prod\/uploads\/sites\/3\/2022\/08\/Facebook-Feature-Picture2-4.png","thumbnail_width":1200,"thumbnail_height":630,"description":"WITH THE UFINANCIAL TEAMEveryone loves a good deal. There are even studies about how deal-hunting makes consumers feel smart. When it comes to mortgages worth hundreds of thousands of dollars, it wouldn't be any different.If you have been thinking about refinancing your home loan, you have probably come across the term \"cashback\" in your search.What are refinance cashback deals?A refinance cashback deal is a marketing incentive some lenders offer borrowers when they choose to refinance their existing home loan with them.Depending on the lender, cashback amounts will vary from $2,000 to $4,000.Borrowers usually receive the cashback offer in the form of cash payment, but some lenders might offer gift cards or other perks instead.Is everyone eligible for a refinance cashback?Each lender will have its own terms and conditions when it comes to cashback offers, but there are certain common requirements you'll probably need to meet to be eligible for a cashback deal:\u2022 Maximum loan to value ratio (LVR) of 80 per cent - that means the amount you need to borrow for the new loan cannot exceed 80 per cent\u2022 Minimum lending amount (typically $250,000), and\u2022 Have the application sent and the loan settled by a specific date.Are cashback deals worth it?They are worth it if you find the right loan for you.Sure, saving money and finding deals clearly drives many people, but there are other things you also need to consider when it comes to refinancing, such as handy features that could save you money in the long run. For example:\u2022 Offset accounts\u2022 Flexible repayment options\u2022 Redraw options, and\u2022 Flexible rates.Refinancing shouldn't be just about finding the best cashback deal or even the best rate, for that matter; it should be about finding the right loan for current needs and circumstances. Saving money in the process is always a plus! [...]Read More..."}