Posts in the Uncategorized Category at Sydney Mortgage Brokers MortgageCorp

admin — Fri, 04 Dec 2009 03:20:17 +0000

CBA announces a .37% increase on variable rates. Its pretty clear that the competition is dead in the big end of town. Both CBA and Westpac have announced rate increases well above the RBA cash rate, CBA’s in particular coming after NAB announced a .25% rise, clearly signaling that they feel that they can increase rates against their major competitors without affecting their business significantly.

Its interesting to note that there are a number of lenders who are offering very competitive terms as at 4th Dec 2009

RAMs, St George and The Rock Building Society are significantly cheaper than both Westpac and CBA. For more information call Mike Nicholls on 0411 222 551 or visit Mortgagebot our online home loan comparison engine

NAB sticks to .25% raise but CBA hits borrowers with .37% increase is a post from: Sydney Mortgage Brokers MortgageCorp

RAMS increases .35%, St George, Firstmac and AMP raise variable rates Following on from the RBA and the big 4 Banks...
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admin — Mon, 14 Sep 2009 02:27:20 +0000

ANZ Fixed Rate Residential Investment Loan for property investors

This loan provides you with repayment security as the rate is fixed and the repayments are locked in for the fixed rate period. ANZ Fixed Rate Residential Investment Loan has a range of terms of 1 to 5, 7 or 10 years. It offers flexible repayment options, which you can choose at the outset of the loan.

You can even make additional repayments up to a set tolerance* each year of the fixed interest rate period, without triggering an early repayment cost calculation. The amount of the tolerance can vary according to the tolerance of your loan and the date that your current fixed rate period commenced.

Plus ANZ also offers the ability to link your loan to a 100% offset account on the ANZ One Year Fixed Rate Residential Investment Loan. This means you can deposit funds in your ANZ Offset Account and reduce your interest cost in a tax effective way. You are also able to access the extra repayments made to your 100% mortgage offset account when you need them.

Once the fixed rate period is finalised the loan automatically converts to the ANZ Variable Residential Investment Loan rate applicable at the time.

If you are looking to pay interest up-front on your loan and receive a lower rate, we also offer the ANZ Interest-in-Advance Residential Investment Loan. For more details, please see the Fact Sheet titled ANZ Interest-in-Advance Residential Investment Loan or ask MortgageCorp

Repayments
Your repayments can be automatically debited from your ANZ Access or ANZ Personal Cheque account, or from an account held at another bank. You can choose weekly, fortnightly or monthly repayments.
In additional to the standard principal and interest repayments, you can have interest only payments for up to ten years.

Lock Rate Option
With an ANZ Fixed Rate Residential Investment Loan the interest rate that will apply is the rate for the term you select as at the day you settle your loan. However, if you would like to ‘lock in’ the interest rate current at the time you apply you can do this with ANZ Lock Rate. By paying a Lock Rate fee, the rate is ‘locked in’ for up to ninety days, protecting you from the potential risk of interest rates increasing before you drawdown your loan. Lock Rate gives the extra security of knowing exactly what your repayments will be for a set period.

Negative gearing
For advice about how negative gearing could work for you, and to ensure that any requests by you to the Australian Taxation Office (ATO) are accurate, we recommend you consult your Accountant or Financial Advisor.

Lenders Mortgage Insurance
With Lender Mortgage Insurance we can lend you up to 90% of the purchase price. To find out more please contact MortgageCorp

ANZ Rapid Refinance. Why wait?
Has an ANZ loan caught your eye? ANZ Rapid Refinance# allows you to quickly switch your current loan to ANZ in only a matter of weeks. So, you will benefit from your refinance plans far quicker than usual.

ANZ Fixed Rate Residential Investment Loan
Interest Rate
For the latest Interest Rates, visit the MortgageCorp Mortgage Calculator

Lock Rate
Yes, Lock Rate is available on the 1-5 Year Fixed Rate Residential Investment Loans, maximum loan amount $1,000,000.
Lock Rate fee applies.

Term
Terms from 1 to 5, 7 & 10 year fixed period. Total loan term up to 30 years.

Minimum amount
$20,000.

Repayment frequency

Repayment options: Weekly, fortnightly or monthly.

Principal & interest for 1-5, 7 and 10 years
Interest only up to 10 years. The Interest Only period must equal the fixed interest rate period.

Additional Repayments
Additional repayments can be made up to a set amount known as a tolerance*.

Repayment source
Repayments can be made by Periodical Payment (PP) or Deposit Book

Other
Free $1,000 ANZ Assured facility on an ANZ One cheque or savings account linked to the ANZ One Year Fixed Rate Residential Investment Loan

If you’re ready to invest in residential property, talk to your MortgageCorp representative today. We’ll work with you to prepare exactly the right loan to suit your need today, and structure it to suit your needs in the future. Like more information?

Further information
This Fact Sheet contains general information about the ANZ Fixed Rate Residential Investment Loan. It does not form part of the terms and conditions.
#All applications are subject to ANZ’s normal credit approval criteria. Terms and conditions available on application. Fees and charges are payable.

ANZ Fixed Rate Residential Investment Loan for property investors is a post from: Sydney Mortgage Brokers MortgageCorp

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admin — Mon, 14 Sep 2009 01:13:43 +0000

ANZ Residential Land Loan
How does the ANZ Residential Land Loan work for you? An ANZ Residential Land Loan is a competitively priced loan to help you purchase land, on which you intend to build a home within three years. When you are ready to build, ANZ can help you finance this with any one of our award winning Home Loans.

Purpose
Purchase of residential land, to build a residential property within three years.

Benefit
The benefit of an ANZ Residential Land Loan is that you can start paying off the land while you plan your dream home.

ANZ Offset Accounts
Even better than making extra repayments direct to your ANZ Residential Land Loan is making them to a linked ANZ Offset account.
Instead of making extra repayments direct to your ANZ Residential Land Loan, consider making them to a linked ANZ One account. This account provides 100% mortgage offset on your linked loan, but you can access your funds at anytime.
Please refer to ANZ One Fact Sheet for more information.

Flexible repayments
You can choose weekly, fortnightly or monthly repayments as well as making lump sum reductions. This will shorten the loan term, and may save you thousands of dollars. Whatever suits your needs, ANZ is there for you! Plus you can make interest only payments for up to three years. Repayments can be made by using a Direct Loan Payment (DLP).

Fee free transaction banking on linked account **
As a Variable Rate Residential Investment Loan customer, you have the option of an ANZ Access Advantage account that is free of monthly service and ANZ transaction fees.

No monthly ongoing fees
Another benefit of an ANZ Residential Land Loan is that you do not have to pay any on-going monthly fees.

Money magazine’s Home Loan Lender of the Year 2008, 2007, 2006 and 2005.

ANZ Residential Land Loan
Interest Rate
For the latest Interest Rates visit www.anz.com, call 1800 035 500 between 8am-11pm (EST) seven days a week, or visit any ANZ branch.

Term
Up to 30 years

Fees and Charges
Fees and charges may apply. Refer to ANZ’s Personal Banking General Fees and Charges brochure.

Repayment frequency
Weekly, fortnightly or monthly
Interest only up to 3 years is available
Additional repayments
Additional repayments can be made at any time

Repayment Source
Repayments can be made by Direct Loan Payment (DLP) from an ANZ account or by Deposit book

Loan size – Min
$20,000

Repayment options
Principal & interest or
Interest only for up to 3 years
Further information
This Fact Sheet contains general information about the ANZ Residential Land Loan. It does not form part of the terms and conditions.
#All applications are subject to ANZ’s normal credit approval criteria. Terms and conditions available on application. Fees and charges are payable.
Australia and New Zealand Banking Group Limited.
** Salary must be deposited into the transaction account to obtain the fee benefits.

ANZ Residential Land Loan is a post from: Sydney Mortgage Brokers MortgageCorp

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admin — Fri, 24 Jul 2009 06:19:48 +0000

Homeside has increased the 1,2 and 4 year fixed interest rates by .2%

Lender Product Interest Rate Introductory Rate
Description Assessment Int Type Rate Years Int Type Rate Months

HomeSide 1YR (IO) in Advance Fixed Full Doc FIXED 5.09 1 FIXED 0.00 0
HomeSide 1YR Fixed Rate I/O Fixed Full Doc FIXED 5.19 1 FIXED 0.00 0
HomeSide HomePlus 1YR Standard Fixed Rate Package Full Doc FIXED 5.19 1 VARIABLE 0.00 0
HomeSide Reducible 1YR Standard (Fixed) Fixed Full Doc FIXED 5.19 1 VARIABLE 0.00 0
HomeSide HomePlus Home Loan 1YR Introductory $120-$250 Introductory Full Doc VARIABLE 5.47 0 FIXED 4.99 12
HomeSide HomePlus Home Loan 1YR Introductory 250+ Introductory Full Doc VARIABLE 5.47 0 FIXED 4.99 12
HomeSide Reducible 1YR Intro (Fixed) Introductory Full Doc VARIABLE 5.77 0 FIXED 4.99 12
HomeSide Reducible 2YR Intro (Fixed) Introductory Full Doc VARIABLE 5.77 0 FIXED 5.59 24
HomeSide 2YR Fixed Rate I/O Fixed Full Doc FIXED 5.79 2 FIXED 0.00 0
HomeSide HomePlus 2YR Standard Fixed Rate Package Full Doc FIXED 5.79 2 FIXED 0.00 0
HomeSide Reducible 2YR Standard (Fixed) Fixed Full Doc FIXED 5.79 2 VARIABLE 0.00 0
HomeSide HomePlus 4YR Standard Fixed Rate Package Full Doc FIXED 6.89 4 FIXED 0.00 0
HomeSide Reducible 4YR Standard (Fixed) Fixed Full Doc FIXED 6.89 4 FIXED 0.00 0

NAB HomeSide Lending increases Fixed Mortgage Interest Rates is a post from: Sydney Mortgage Brokers MortgageCorp

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admin — Mon, 13 Apr 2009 02:15:26 +0000

We aim to keep the Mortgage market competitive by providing a wider range of lending options. You can choose from our panel of lenders which includes most of the major banks, building societies and non bank lenders.

We understand self employed and business people and we know the issues that you face when financing a home or commercial property. No appointment necessary until the application is ready to proceed.

Call us on (02) 8006 8002 – 7am-6pm Mon-Fri & 9am-1pm Sat or use our 7*24 hr Contact Form

Why use MortgageCorp? is a post from: Sydney Mortgage Brokers MortgageCorp

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