fulloutMember@fulloutJoin Date: 2003Post Count: 233
DOes anyone know whats the best deal out there for Interest Only loan?
Has St George started its 15 year (or 10?) i only loan?
What other lenders have good deals?
Currently I am with Homeside, and they only have the max of 5 years.sushi03Member@sushi03Join Date: 2003Post Count: 33
If its any interest to you GE mortgage solutions have a 40 year P/I loan.
Alex[8D]FesterMember@festerJoin Date: 2002Post Count: 11
Adelaide Bank gave me 10 years IO.Stuart WemyssMember@stuart-wemyssJoin Date: 2003Post Count: 598
St George is the longest IO period that I know of. Your alternative is a line of credit – they are IO indefinately (i.e. no loan terms and minimum repayments are IO).
StuhgwellsMember@hgwellsJoin Date: 2003Post Count: 127
yes the St G loan is available now and I think its one of the longest on offer. HGElysium-MMember@elysium-mJoin Date: 2003Post Count: 259
But what kind of interest rate premium do you pay on these long term interest only loans?
MAndrewsalParticipant@andrewsalJoin Date: 2003Post Count: 32
With that line of credit you pay IO but isn’t the rate variable on a line of credit.
AndyfulloutMember@fulloutJoin Date: 2003Post Count: 233
what is the IO loan by St George called?
I went to their website but cant find it.Mortgage HunterParticipant@mortgage-hunterJoin Date: 2003Post Count: 3,781
St George don’t have a specific product. You may apply for up to 15 years IO on their products provided the loans aren’t subject to LMI ie under an 80% lend.
0425 228 985
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