2nd Mortgage Products (indicative only)

Summary of 2nd Mortgage Products (presented as at 1 March, 2014)

LOAN FEATURES

Purpose
Any non-Regulated purposes. SMSFs OK

Loan Amount
$10,000.00 to $500,000.00

Interest Rates
All fixed rates
Up to 50% LVR from 16.95% p.a.
50 to 65% LVR from 17.95% p.a.
65% + LVR from 19.95% p.a.
(individual circumstances of an application will be considered when pricing)

Term
Minimum: 2 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    Approval Fee    Legals
$10-$20K              $1,100               $990

$20K-$50K            $1,850               $1,100

$50K-$100K          $2,200               $1,100

$100K-$200K        $2,200 +            $1,320

$200K-$500K        Neg                    $1,320 +


Annual Compliance Fee ( From 1.1% 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.