1st Mortgage Products (indicative only)
Summary of 1st Mortgage Products (presented as at 1 March, 2014)
LOAN FEATURES
Purpose Any non-Regulated purposes. SMSFs OK Loan Amount $20,000.00 to $3,000,000.00 Interest Rates All fixed rates, from 7.95% p.a. (for 50% LVRs) (individual circumstances of an application will be considered when pricing). Maximum LVR 65% Term Minimum: 3 months Maximum: 5 years (rates must be pre-negotiated) Terms may be rolled-over indefinitely upon maturity subject to satisfactory conduct. Security Residential Vacant Land Commercial Industrial Location Victoria Only Serviceability Self-Certified (for Lo Doc) Letter from the Borrower(s) / Guarantor(s) Accountant confirming that they have the capacity to meet the financial obligations of their loans without hardship Cash Out Yes – NO RESTRICTION Credit History Unpaid judgements & defaults acceptable |
LOAN FEES
Loan Amount $10k - $100k $100,000 plus Approval Fee From $1,100 From 1.1% Legals From $990 From $1100 Annual Compliance Fee (From 0.25% p.a. paid monthly) Please note that individual applicant circumstances and/or security property characteristics may have an impact on interest rates / fees. This summary and information contained in it are indicative only and subject to change.
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