LENDING UPDATE – 10.07.14‏

MELBOURNE MORTGAGE FINANCE LENDING UPDATE – 10.07.14

CURRENT LENDING NEWS

3 YEAR FIXED RATE AT 4.69%

  • borrowers must be a current member of an approved Trade Union or Super Fund….details available
  • loans up to 95% of valuation
  • normal loan eligibility conditions also apply
  • free 90 day fixed rate lock period from application date

LOANS UP TO 95% + FULL MORTGAGE INSURANCE STILL AVAILABLE

  • only one lender still offers this loan package
  • example: purchase $400,000 with a 95% $380,000 loan plus full $13,000 insurance premium = $393,000 total loan
  • other lenders will not include the full mortgage insurance premium in the total loan amount = $388,000 total loan
  • 5% genuine savings must be demonstrated

LOANS UP TO 85% WITHOUT ANY MORTGAGE INSURANCE STILL AVAILABLE

  • only one lender still offers this loan package
  • example: purchase $400,000 with an 85% $340,000 loan….save the normal insurance premium of $4,000
  • conditions apply : clean credit history, $200,000 minimum loan, satisfactory income and security property
  • available for purchase or refinance…6 months good repayment history required for refinance

CONSTRUCTION OF UP TO 4 UNITS ON ONE TITLE AT 4.84%

  • maximum loan is 80% of “on completion” single title valuation
  • 80% of anticipated rental can be used when assessing satisfactory income requirements
  • normal lender conditions apply, including retention of units for rental purpose

INVESTMENT PROPERTY LOCATION SERVICE

Many potential investment property buyers simply do not know how, what, where or when to buy. Expert advice can be obtained from investment property consultants who can assist you with these decisions. Melbourne Mortgage Finance is a full member of Professional Lenders Association Network of Australia (PLAN). Only one investment property consulting firm is recognised by PLAN. Steps are as follows:

  • we meet with you to discuss your general plans regarding an investment property purchase
  • we assess your borrowing potential taking into account your income and existing loan commitments
  • having established the approximate purchase price, we arrange for you to meet with our partner consultants
  • the first meeting is a no-obligation discussion about your purchase plans, including what and where to buy
  • from there, it is up to you to decide if you wish to proceed with recommended property choices

REFINANCE EXPENSIVE MORTGAGE, PERSONAL LOAN, CREDIT CARD AND BUSINESS DEBT AT JUST 4.87%

Excellent loans are available for borrowers who wish to eliminate high interest rate debts:

  • credit card debt up to 20%
  • personal loan debt up to 12%
  • business debts up to 10%

All these debts can be refinanced at just 4.87% with residential property as security provided the loan does not exceed 80% of property value. Lender conditions apply.

Contact Melbourne Mortgage Finance on 0437 417 042 for more details

Barry LeBrocq

Melbourne Mortgage Finance
Patterson Lakes, VIC 3197
Mob 0437417042
Web www.melbournemortgagefinance.com.au

Disclaimer: The above information is intended as general information only and does not address specific personal situations. Loan products, interest rates and fees change frequently without notice. Please call Melbourne Mortgage Finance to verify details and discuss your specific needs and loan eligibility.

What our customers say about us

Thanks for all your help and for making it so easy for me. Life will be so different now.

Jan Vincent
Montrose, VICTORIA

Thank you for your time on the phone yesterday and copying me into the below email.
I just wanted to take the time to say that I have never seen such a comprehensive email provided to clients by a Broker before. Very clear and detailed.
I hope it’s ok that I hold onto your details to refer to clients who may need assistance.
Kind Regards,

Shannon Oatley
Director & Licensed Conveyancer
Property Conveyancing Group, VICTORIA

We have found Barry Le Brocq of Melbourne Mortgage Finance to be very patient, caring and diligent in achieving a successful outcome to our refinancing requirement. We have no hesitation in recommending his services to others.

Don & Christine Perrett
Leongatha, VICTORIA

Many thanks Barry for the exceptional service that you have provided. We will most certainly be recommending you to our daughter (Bank of Melbourne branch manager) for any future customers who need a reverse mortgage loan.

Paul & Barb Spark
Somerville VICTORIA

 

LENDING UPDATE 14.06.19

  • LIVING EXPENSES ARE NOW A KEY ISSUE
  • COMPREHENSIVE CREDIT REPORTING NOW IN EFFECT
  • INVESTMENT LOANS AT OWNER-OCCUPIER INTEREST RATES
  • REVERSE MORTGAGE LOANS FOR SENIORS OVER 60
READ MORE

Melbourne Mortgage Finance offers an extensive range of mortgage products and services including

Home Loans, Investment Loans, Equity Access Loans, Low Doc Loans, 100% Loans, Refinance Loans, Commercial Loans, Deposit Bonds, Reverse Mortgages, Accommodation Bonds, Vehicle Finance, Plant and Equipment Finance, Financial Planning and Business Finance.

IMMEDIATE appointment can be made to meet at your home or office

  • NO CHARGE for assisting you. We receive a standard fee from the lender you select
  • reliable service, communication and follow-up. See “Testimonials
  • accreditation with 20 national lenders, allowing you to select from an excellent range of loans
  • we carefully listen to your needs, do our research, then present you with a short-list of three potential loan solutions. You choose the lender.
  • printouts of products, fees, interest rate and loan features are provided
  • arrange for your property insurance and personal insurance requirements to be assessed
  • ongoing availability to assist you after loan settlement
  • over 30 years experience in arranging finance and mortgage loans