Is your loan greater than $250,000?

Is you loan less than 75% of the property value?

If you are answer Yes to both of these questions you may qualify for a 0.8% discount.

The current variable rate for investment loans after the 0.8% discount is below 6.49%.

These no lmi loans will literally save you thousands of dollars!

So how does the 85 home loan work?

Up to 85% there is no mortgage insurance (no lmi) cost to you.*

Maximum loan size $1,000,000.

Loans up to $400,000

Indicative investment interest rate below 6.75%

Loans above $400,000 to $1 million

Indicative investment interest rate below 6.9%

For loan sizes above this, call us and we will give you a price.

Of course you must have clean credit, no exceptions. Stable full time employment for at least two years, and this is to be confirmed with last two years group certificates or tax returns. Property must be in Sydney Metropolitan area, and be normal residential security.

The loan itself will be at a low, variable interest rate, for up to 30 years. Loan repayments can be Principal and interest, or interest only.

Has redraw, and there are no onging fees.

This is a brief overview of loan.

So you can see that making the right choice may save you a lot of money.

For full details in regards to the loan, including detailed fees and charges please call us on 9659 7377

To see how much you can save try this Mortgage Insurance Calculator

* Lenders have fees and charges. Terms and conditions apply. Subject to lenders’ credit criteria.

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