The following table shows some of the better variable rate residential mortgage products for an average $300,000 loan. Current 3 year fixed rates are also shown, as well as lender maximum loan-to-valuation ratios (LVRs). 12 month “honeymoon” products excluded:
Variable %
|
LVR
max % |
3 Year
Fixed % |
||
PLAN Lending | Performance Plus<65% | 6.45 | 65 | 6.85 |
Homeside/nab | Homeplus <75% | 6.47 | 75 | 7.20 |
Homeloans Ltd | Ultra Plus <65% | 6.49 | 65 | 7.29 |
PLAN Lending | Performance Plus | 6.55 | 90+LMI | 6.95 |
Homeside/nab | Homeplus 75-90% | 6.57 | 90 | 7.20 |
ING | Simplifier Smartpack | 6.58 | 90+LMI | 6.89 |
Aust. First Mortgage | Secure Option | 6.59 | 95 | 7.18 |
Homeloans Ltd | Ultra Plus | 6.59 | 90+LMI | 7.49 |
Suncorp | Back to Basics Special Offer | 6.61 | 95+LMI | 7.19 |
AMP | Basic Variable Spring Special | 6.64 | 90 | 6.99 |
The Rock Bld Soc | Rock Star Special Offer | 6.64 | 95 | 6.99 |
Homeside/nab | Homeplus >90% | 6.67 | 95 | 6.95 |
CBA | Rate Saver 3 yr Special | 6.68 | 90+LMI | 7.39 |
Bankwest | Premium | 6.70 | 90+LMI | 6.94 |
ANZ | Simplicity Plus | 6.71 | 92 | 7.71 |
St George | Advantage | 6.73 | 92 | 7.14 |
Adelaide Bank | Smartfit | 6.74 | 95+LMI | 7.29 |
Police & Nurses C U | Dream Home Loan | 6.74 | 95+LMI | 7.35 |
St George | Basic | 6.74 | 92 | 7.14 |
Citibank | Standard | 6.79 | 90 | 7.09 |
Westpac | Flexi First | 6.81 | 92 | 7.19 |
CBA | MAV Standard Variable | 6.86 | 92 | 7.24 |
Heritage Bld Society | Basic | 7.05 | 90 | 6.75 |
Bankwest | Mortgage Shredder | 7.30 | 95+LMI | 6.94 |
Notes : | each lender has specific terms and conditions which must be satisfied. |
: | “low doc” loans will usually be offered at higher interest rates than shown above |
: | CBA, Westpac, St George and ANZ will lend up to 95%+LMI only to their own existing customers. Conditions apply. |
: | +LMI indicates those lenders who will add the mortgage insurance premium to the maximum LVR shown |
Melbourne Mortgage Finance would be pleased to introduce you to specialists who can assist you with the purchase of residential investment property including specialist taxation and accounting advice and regular reviews of your portfolio position.
We also offer access to expert insurance brokers who can find the most competitive deal for personal risk insurance from 10 leading Australian insurance companies.
Please call Melbourne Mortgage Finance for free assistance with the arrangement of your mortgage loan for purchase or refinance
Barry LeBrocq
Melbourne Mortgage Finance
Patterson Lakes, VIC 3197
Mob 0437417042
Web www.mmfinance.com.au
Disclaimer : The above information is intended as general information only and is not intended to address specific personal situations. While every effort has been made to that content is accurate, potential borrowers should contact Melbourne Mortgage Finance to verify details and discuss their specific needs and loan eligibility.