Refinance and purchase with great cashback offer

An existing client, Kathy, was seeking to refinance her owner-occupied property for better interest rate and purchase an investment property to build up her wealth. AWE Finance Solutions provided her a few product options that fit her requirement. By showing her the detailed product comparison, Kathy decided to go with Bank A for refinance while Bank B for new purchase.

As Bank A offers $4,000 cashback for refinance while Bank B offers $3,000 cashback for new purchase, Kathy got her two loans settled successful with $7,000 cashback in total. She used the cash out from refinance to pay for the deposit and the new loan to cover the balance. She paid only 5% deposit with no LMI. Eventually, Kathy did not have to spend any cash on hand for her new purchase.