All Topics / Finance / Exciting new 100% loan launched today

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Viewing 8 posts - 1 through 8 (of 8 total)
  • Profile photo of Richard TaylorRichard Taylor
    Participant
    @qlds007
    Join Date: 2003
    Post Count: 12,074
    July 13, 2007 - 7:40 am

    It is amazing how many times a week I receive emails from clients either First Home Buyers or Investors who are looking for a 100% loan yet do not have funds to cover the heafty mortgage insurance premiums.

    Well this afternoon 1 lender has decided to cover the LMI premiums for both owner occupiers or investors and now is offering the first true 100% loan.

    Product details for those interested are as follows:

    Min Loan $50K – Max Loan – $1Million
    Available to individuals, Trusts and Pty Ltd Company's
    Applic Fee – $102.50
    Valuation Fee – $220.00
    Settlement Fee – $120.00
    Legal Fees – $350.00

    No monthly or annual fees 

    100% offset available. Other purchase costs can be borrowed or gifted

    If anyone needs further details be happy to provide.

     

    Richard Taylor | Australia's leading private lender

    Profile photo of JamesdeanJamesdean
    Member
    @jamesdean
    Join Date: 2007
    Post Count: 3
    July 14, 2007 - 9:51 am

    HI Qlds 007

    I have just joined this site. I am looking to buy an investment property with a partner and require a 100 percent loan. The property is in Adelaide. Can you assist and please send me some details asap.

    Thanks in advance.

    Profile photo of Mortgage HunterMortgage Hunter
    Participant
    @mortgage-hunter
    Join Date: 2003
    Post Count: 3,781
    July 14, 2007 - 11:49 am

    You should call him direct.  I am sure you will be pleased.

    Profile photo of SeanySeany
    Member
    @seany
    Join Date: 2007
    Post Count: 3
    July 14, 2007 - 9:37 pm

    Are 100% mortgages popular in Austrailia & New Zealand?

    Just curious…..

    Profile photo of Richard TaylorRichard Taylor
    Participant
    @qlds007
    Join Date: 2003
    Post Count: 12,074
    July 15, 2007 - 3:19 am

    James

    Shoot me an email and I would be happy to provide details.

    As i have already been asked the interest rate at 8.95% is particular attractive in saying that for an investor the interest is deductible so lessens the pain somewhat. Just appeals more than paying out nearly 4% in LMI premium.

    Richard Taylor | Australia's leading private lender

    Profile photo of Richard TaylorRichard Taylor
    Participant
    @qlds007
    Join Date: 2003
    Post Count: 12,074
    July 15, 2007 - 3:21 am

    Sorry that last post should have read "isnt particularly attractive" ……………

    Richard Taylor | Australia's leading private lender

    Profile photo of BMW330CiBMW330Ci
    Participant
    @bmw330ci
    Join Date: 2006
    Post Count: 37
    August 14, 2007 - 11:04 am

    I believe St. George offer a similar finance package – No Deposit 'Quick Start' with a 0.32% loading on the Standard Variable.

    Profile photo of redboxredbox
    Member
    @redbox
    Join Date: 2004
    Post Count: 8
    August 19, 2007 - 12:51 pm

    Hi Richard

    Can you please provide me with more info – i presume it is available to purchases outside of Qld?

    Thanks!

Viewing 8 posts - 1 through 8 (of 8 total)