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TRADITIONAL RESIDENTIAL LOANS |
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For clients who are able and willing to provide full financial details to the lender, the more traditional fully featured variable home loan is available.
These loans feature a very competitive interest rate with some of the following features:
- Additional payments allowed.
- No loan admin fees.
- A very reasonable application or loan approval fee.
- Maximum loan amounts up to 95% LVR.
- 100% Mortgage offset availability.
- Interest only available up to 10 years.
- Redraw facility available.
- 30 year loan period (helps reduce the monthly payment).
The traditional home loan is available through all of the major banks and most of the second tier banks and is still regarded by many as the most cost effective way to fund the purchase of your family home or investment.
Most of the major lenders offer clients incentives for their business, in the form of more attractive loan structures, some of which are:
- Reduced interest rates for the first year.
- No frills loans with lower interest rates.
- An option to split the loan and pay P/I and or I/O.
- An option to structure the loan with a line of credit facility.
- The possibility to utilize a Visa/Master card in association with the line of credit.
- The ability of choosing a fixed rate for up to 10 years.
RFS is happy to discuss your mortgage requirement no matter what type of loan you are looking for or what credit capacity you have.
For more information or to make an appointment to meet with an RFS consultant,
Call Now at 1300 88 42 99 |
