|
Applicant type
|
Facility limit is assessed
on the age of the youngest
applicant and the loan to
value ratio. The limit
available must fall between
the acceptable limit range. |
|
Employment requirements
|
n/a. |
|
Income:
required proofs |
n/a |
|
Loan
amounts minimum & maximum
|
$20k
> no maximum for loans,
subject to property
valuation and applicant's
age |
|
Purpose
|
Any personal purpose.
Refinance any existing loan
where the original purpose
was for personal use only.
Loan can be drawn down in a
lump sum payment or
periodically or a
combination of both.
Applicants must be over 65.
Independent legal advice and
a signed Statutory
Declaration is required as
well as independent
financial advice from an
accredited Financial Planner
or accountant and signed
Estate Planning and
Financial Advice
Certificate. Property must
be insured.
No negative equity guarantee
- conditions apply. |
|
LVR
|
Age
is based on lowest age of
borrowers
Customers Min & Max Limit
Max LVR ,
65 to 75
20% > 25% LVR = 1% per year
75 to 79
35% > 40% LVR = 1% per year
85 + 45% |
|
Coded,
non-coded, or either
|
Either |
|
Credit
related issues |
CLEAR. |
|
Variable, fixed or both
|
n/a |
|
P&I,
I/O, or both |
n/a |
|
Residency Status
|
Citizens and
permanent residents |
|
Comments, special conditions
|
No ongoing
fees or charges |
|
 |
Important
Information:
Some email filters will send
form confirmation links
directly to your junk mail
box. If you can not find a
reply confirmation in your
inbox please check in your
junk mail. |
If
you wish to proceed, then we will help
you to complete all the necessary
paperwork and liaise with the lender on
your behalf. This will include the
completion and submission of your home
loan application and the on-going
communication between all parties until
your home purchase is settled
|