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Home Loan Option When Banks Say No
Submitted by administrator on Mon, 01/12/2008 - 3:47pm
Variable Rate Home Loan, no ongoing fees and charges.
Low interest rate & deferred establishment fees
Interest only available on investment & owner occupied
Refinance or debt consolidation/ free redraw
Term 30 years (interest only option -5 years maximum converting to P & I installments over the remaining term of 25 years)
Interest Rate Variable call for rates.
Monthly Service Fee Not applicable.
Upfront Fees Valuation fee only.
Establishment Fee 1.00% of loan amount or $990-00 whichever is the greater.
Redraw Free redraw available.
Additional Repayment Extra payments can be made to pay off the home loan sooner.
Early Exit Fee 3.00% First Year 2.00% Second Year 1.00% Third Year.
Normal Government fees and charges apply.
Solicitors document preparation fees applicable.
Correct as at 15 Nov 2008 subject to change without notice.
Ability Finance have a new lender available on our panel who offers unique home loan solutions for borrowers who may not be able to obtain a home loan elsewhere. Each application is considered on its individual merit. This lender specialises in;
- Construction, owner-builder, removal & kit homes and uses on completion value.
- Credit Impaired, the level of impairment not an issue, even currently Bankrupt (as long as bankruptcy is paid out in full at settlement).
- All postcodes and land sizes considered.
- Short term employment (including self employed).
- Day old ABN with cash flows.
- 30 year loans for over 60’s age group.
- Gifted deposits.
- Third party security.
- Centrelink recipients.
- Land only (with intention to build).
- Unpaid council rates.
- Accept rental, child support payment and boarder income.
- 99 year Perpetual leases, even the over 55 retirement villages.
- Credit impaired-no LMI up to 80% LVR.
PRODUCT
