Total Home Loan Loan types: Full Doc Interest type: Variable interest rate Loan options: Term loan / 100% offset / Line of Credit (LOC) / VISA. Available for construction Terms: A simple loan where regular repayments reduce the balance of the loan. An interest only period of 10 years is available. Maximum term of… Continue reading Total Home Loan
Some home loan options that may not be available everywhere. 6 units on one title 100 Acres Rural Residential 80 percent Loan to Value Ratio Up to $200 per week net add back for maintained company cars Use latest figures for self employed 2 yrs required for 80 percent Loan to Value Ratio
Many Lenders have been completely withdrawing or restricting their range of low doc home loans over the past few months. Discount levels have been removed and total loan to value ratio in many cases is limited to 60 percent lvr. Ability Finance do have several lenders still offering low doc home loans up to 80… Continue reading Low Doc Home Loans
The NSW State Government has announced an additional grant which could increase the maximum Commonwealth Government first home owner grant of $21,000 to $24,000 plus there is the additional saving of purchase stamp duty in NSW where the purchase price is less than $500,000. For example, family buying a newly-constructed home at $500,000, could be… Continue reading NSW State Government First Home Owner Grant
Commonwealth Bank have moved quickly to announce cuts to their variable interest rates of up to 0.58 percent Changes to Variable Rate Home Loan / Investment Home Loan Rates as from Monday 10 November 2008 Following today’s announcement from the RBA to reduce the cash rate to 5.25%, interest rates for the following lending products… Continue reading Commonwealth Quick to Announce Interest Rate Cut
Great news today where the RBA has announced another cut to the Australian cash rate. The Reserve Bank board has announced a cut of 5.25 per cent, effective 5 November 2008. The full media release is available at the finance broker Australia website.