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Nathan

2 months ago

Hi Colin and Lisa, As with previous brokers comments I would be happy to discuss in more details your requirements, but based on the information you have provided there are a number of options that suit the criteria you have listed above. For a 5 year fixed rate with an offset account you could be looking at interest rates of about 4.19% right through to 4.79%. Some of these banks offer 100% offset accounts on their fixed rate loans and some will offer a shaded offset account, say around 50% to 70% offset. To determine the right bank for you we would need to gather more information about your financial situation and then decide if a lower rate or a higher offset will be more beneficial to you. Unfortunately all of the banks that meet your fixed rate/offset account criteria also charge an annual fee on their loan, this fee ranges from $120 per year to $395 per year. If you would like to get down to the specifics of which banks are offering this and if they are suitable for your overall situation please feel free to look up my details and get in touch. Thanks Nathan Osinski Osinski Finance

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Michael

2 months ago

Hello Colin, what you are looking for is doable, assuming you meet the criteria. Would be happy to give you some options including some potential alternatives to consider. It really will depend on if certainty or rate is driving your decision as the lenders that offer offset on fixed are extremely limited. Would love to help, if not best of luck.

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Linda

2 months ago

Hi Colin & Lisa. Thank you for your enquiry. There are options available to have an offset on a fixed rate. In order to give any more specific information I will need further information . Please feel free to contact me so we can discuss suitable options. I look forward to hearing from you. Kind Regards Linda

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Brian

2 months ago

Hi Colin & Lisa. Some additional information about your personal situation would be needed in order to confirm which course of action to take but happy to look into this for you. Feel free to contact me via broker finder.Thanks

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Guido

2 months ago

Hi, Colin and Lisa Thank you for your question. A refinance with "cash out" to renovate or extend the property should not be a problem. However, as you most likely know a mortgage is connected to your income. It would be a pleasure to guide and help you to get your property refinanced. You can contact me via the broker finder All the best Guido

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Helena

2 months ago

Dear Colin and Lisa, the structure you'd like to have is achievable, there are lenders out there who allow offset account against your fixed rate, I'm happy to explain more in an email and send you some comparisons for you to review whilst away, please feel free to contact me via the portal. Have a great day, Helena

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Mayank

2 months ago

Hi Colin, This should be a pretty straightforward matter and I can advise you on options once I have more details about your employment, other debts & Living expenses. You will not be able to have an offset account with a 5yr fixed rate loan but this can be overcome by splitting the loan into fixed and variable. Feel free to click on my link to make contact with me directly.

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Nicole

2 months ago

Hi Colin & Lisa. I would be very happy to look at options for you to refinance with the additional cash out for renovations, taking all of your requirements into consideration. Please feel free to contact me via my link so we can discuss it further. I look forward to hearing from you. Nicole

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