When the property market slows and the volume of new purchases starts to dry up, lenders focus their attention on refinances.

Several lenders are now offering cashback promotions up to $2,000 for refinances on both owner-occupied and investment property home loans. And with great interest rates, existing property owners will receive some great benefits should they consider refinancing.

Mint Equity also receives under-the-table promotions from lenders to further benefit our clients. One lender is offering a variable interest rate of 3.99% for investment debt, both principal and interest or interest-only for loan amounts above $750,000. LVR is capped at 90%.

3.99% variable for investment interest-only debit is by far the best in the market. For those who are currently on a fixed interest rate, and are concerned about the break costs, the cashback promotion will help absorb some of those costs, if there are any.