2nd Mortgage Products (indicative only)
Summary of 2nd Mortgage Products (presented as at 1 March, 2014)
Any non-Regulated purposes. SMSFs OK
$10,000.00 to $500,000.00
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)
Minimum: 2 months
Maximum: 5 years (rates must be pre-negotiated)
Terms may be rolled-over indefinitely upon maturity subject to satisfactory conduct
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
Yes – NO RESTRICTION
Unpaid judgements & defaults acceptable
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.