106% Home Loan

106% Home Loan Variable 8.95%

106% Home Loan Comparison Interest Rate 9.32%

 

106% Home Loan Fixed 3 Years 9.20%

106% Home Loan Comparison Interest Rate 9.40%

Other No Deposit Home Loans

100% Home Loan

plus

Other No Deposit Investment Loans

100% Investment Loan and 106% Investment Loan

 

 

STOP RENTING NOW - Pocket your First Home Owners Grant.

The 106% Home Loan allows you to capitalize such costs as stamp duties which means that even if you do not qualify for the FHOG, it is more than likely that you can still obtain finance for your new or used property purchase.

This type of loan is available for the purchase of an Owner Occupied Property and  does not accommodate for the re-finance of an existing Owner Occupied Property loan. Mortgage Buddy certainly accommodates the need for Owner Occupied re-finance with other loan packages.

In order to qualify for this loan, you must have a squeaky clean credit history, stable employment with full proof of income (Last 2 years tax returns plus current pay slips).

Conditions Apply

 

*WARNING: The comparison rate is calculated on a loan of $250,000 over 25 years. This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. A full copy of the comparison rate schedule is available upon request. All loans are subject to the lenders normal terms and conditions. Loan qualification criteria apply.

 

Establishmentloan PLUS:

 BUY YOUR FIRST HOME AND KEEP YOUR LIFESTYLE

Haven’t had time to save a deposit and want to get into the property market before you miss the boat? If you have a good income, good credit history and secure employment, the Establishmentloan PLUS may be for you.

We lend qualified borrowers 100% of the property valuation plus enough to cover all Stamp Duty & Transfer Duty costs and in most cases, other fees such as legal costs.


BENEFITS of Establishmentloan PLUS

• No need for any deposit and no need for any additional security or guarantees from family or friends

• We also lend you all the Stamp Duty & Transfer Duty plus all or most of the other transaction costs such as legal fees

• You get to keep the Government’s First Home Owners Grant (if you are entitled to receive it)

• 30 years loan term available

 

Who does the Establishmentloan PLUS suit?
• First home buyers on higher incomes who haven’t yet had time to save a deposit
• Separated or divorced people who need to re-establish themselves in a home of their own
• Good credit history and a stable income.

Investorloan PLUS:

INVEST WITH NO ADDITIONAL SECURITY AT ALL
As we know, to maximize your negative gearing benefits you should have as little equity as possible in your investment property. While many lenders will offer to lend you 100% of the property value, they will ALSO require your family home as additional mortgage security. Investorloan PLUS does not require any additional security (e.g. your family home) and will also lend you all the Stamp Duty & Transfer Duty. Peace of mind and the ability to move quickly on the right property.

BENEFITS of the Investorloan PLUS

• Loan terms of up to 50 years
• No need for ‘additional’ security such as the family home or any other security whatsoever
• In addition to a no deposit investment loan we will also lend you ALL the Stamp Duty & Transfer Duty fees – avoiding the large outlay of cash you would ordinarily need to have ‘on hand’ to acquire your investment property
• You can move quickly on the right property without the delays (and grief) caused by arranging the ‘cross-collateralization’ of several mortgages and possibly having to deal with more than one lender
• 3 years Interest Only Loans (fixed or variable)

Who does the Investorloan PLUS suit?
• Investors wishing to avoid the substantial cash outlay to cover Stamp Duty & Transfer Duty
• Investors who want a ‘stand-alone’ investment loan without having to offer any ‘additional security’ such as the family home or any other property
• Anyone with a good credit history and stable income

N.B. – The Investorloan PLUS is a unique loan only available through approved affiliates. No other lender in Australia offers a no-deposit home loan that also lends fund sufficient to cover all Stamp Duty & Transfer Duty (in every State & Territory) without the need for additional security such as the family home.

 

Product Profile Snapshot

Features and Benefits of Our No-Deposit Loans

No Deposit Loan Plus is a No-Deposit loan that also lends the funds required to pay the stamp duty costs.

  • First Home Buyer's Grant is the borrower's to keep
  • No Lenders Mortgage Insurance
  • No reliance on 'other' security of any kind
  • No 'equity grab' upon refinance or property sale
  • No monthly or ongoing account keeping fees

 

 

. Minimum Loan amount is $200K.
. Maximum Loan Limits are:

State

House

Unit

NSW

$1M

$850K

VIC

$800K

$700K

QLD

$750K

$600K

ACT

$500K

$400K

SA*

$500K

$350K

NT*

$450K

$450K

TAS*

$550K

$500K

. Loan terms are 30 years maximum and 15 years minimum
. Principal and Interest Loan (Interest Only option investors only)
. No Account Keeping Fees

Conditions Apply;

* Properties must be in good condition
* Strata Units minimum 50 sqm Town and Free Standing Homes
* Nationally


Out of the 'rent trap' and on your way. As soon as you have enough equity in your property, we will even help you refinance to a lower interest rate!

Eligible Properties

 

Loan Criteria

 

  • Applicants must be Australian residents
  • Applicants may be PAYG or self-employed (sole traders, partnerships,
      companies and trusts with a minimum of 3 years business operation)
  • Full Documentation required
  • Good Credit History
  • Purchase of existing residential Owner Occupied or Investment property - no
      construction loans permitted
  • Applications may be in personal, business, company or trust name

 

 

Key Points for First Home Buyers

Buying your first home is an important step. The right preparation, understanding your obligations and commitments is crucial. A small amount of leg work could save you unnecessary grief and huge amounts of money.

 

  • Set a budget and work out how much you can afford
  • Think about the initial deposit and mortgage repayments
  • Research fees such as stamp duty & mortgage insurance
  • Get your finance sorted
  • Do a pest and building inspection before you buy
  • Don't be swayed by beautiful furniture in the property
  • Purchase at an affordable level
  • If it's not in writing, it doesn't exist
    More info

 

Get your entitlements
If you qualify, you will receive the federal government's $7000 First Home Owner's Grant. To find out if you are eligible check www.firsthome.gov.au. There are also state bonuses that provide concessions on stamp duty and some states also offer additional bonuses.You can find out about by checking with your office of state revenue.

Mortgage Buddy will assist you with the preparing and lodgment of your First Home Owners Grant

firsthome.gov

 

Find your new home
There are many options available to finding your first home. You can buy a pre loved home or select a builder or property developer that will offer you a brand new home of your design. Walk the streets of the suburbs of your preference or surf the web for property sites. www.propertycatalogue.com.au

Owners Own Property listings and Real Estate Property listings.

Property Catalogue Free Real Estate Listings