106% Investment Loan

 

106% Investment Loan Variable 8.99%

 

106% Investment Loan Fixed 3 Years 9.20%

 

Other No Deposit Investment Loans

100% Investment Loan

plus

Other No Deposit Home Loans

100% Home Loan and 106% Home Loan

 

 

YOU CAN CONTINUE RENTING - and still buy an Investment Property.

The 106% Investment Loan allows you to capitalize such costs as stamp duties which means that even if you continue to rent, you can still enter the property market and begin creating future wealth.

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

 

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 Investment Buyers

Buying your investment property 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.

 

Get your entitlements
If you qualify, you may be entitled to claim certain rebates as tax benefits. You can find out about your entitlements by checking with your office of state revenue or your accountant.

Mortgage Buddy can assist you in finding the investment property that will provide the tax benefits to offset against your taxable income, the capital growth you seek for wealth creation or the positive rental you require to provide additional income. We will connect you directly with Investment Property Specialists.

 

Find your new investment home
There are many options available to finding your investment property. 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