A reminder about the Homeloans Optima – a low-rate, fully featured solution for your clients’ needs!
Highlights of this product include:
- Free up-front valuation (up to $2M) – Valuations to be ordered by Broker here prior to submitting application.
- 100% Offset ($198 annual fee payable)
- Variable rates from 4.68%pa
(comparison rate 4.71%pa)
- Unlimited Redraw
- Family pledge available
- Global borrowing limits on LOC
- Available up to 95% LVR inclusive of LMI for both owner occupied and investment purchases
- NEW Medico Policy allowing up to 90% LVR with no LMI for selected medical professionals
For full product specs including interest rates, please click here.
- Up to 95% inclusive of LMI for purchases
- Up to 90% inclusive of LMI refinance, debt consolidation, cash out, business purposes
- Up to 90% inclusive of LMI for construction loans
Loans greater than 90% LVR:
- category 1 and 2 postcodes only
- both interest only and P&I available
- minimum net serviceability ratio (NSR) of 1.20
- clear credit history
- genuine savings requirement of 5% for owner occupied and 10% for investment loans.
Note LVR restrictions apply to property defined as high density and off the plan purchases.
Loan amount and term:
- Min loan amount: $150,000
- Max loan amount: Loans up to $5 Million considered on application
- Loan term 30 years, up to 5 years I/O
- Debt consolidation
- Off the plan purchases to 80% LVR
- Cash Out to 80% (max $100k or 20% of security value where LVR>80%)
- Business Purposes (max 50% of total loan amount)
For information about the Homeloans Optima, or any other Homeloans products, please don’t hesitate to contact your Homeloans BDM.