95% Interest only LVR is back

Discussion in 'Loans & Mortgage Brokers' started by Richard Taylor, 9th Jan, 2018.

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  1. Richard Taylor

    Richard Taylor Well-Known Member

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    RESIMAC is pleased to announce the following enhancements to our product pricing and LVR limits relating to Interest Only loans, effective from today.

    • For all Prime Full Doc loans lodged from today, Interest Only rates will decrease by 0.20%p.a.*
    • The maximum LVR allowable on all Prime and Specialist Investment Interest Only loans will increase to the product maximum being 95%.
    Certainly interesting times ahead i can see.
     
    Richard Taylor, 9th Jan, 2018
    #1
    datto, Leslie, astonma and 3 others like this.
  2. leon brown

    leon brown Well-Known Member

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    Is this for vacant land as well?
     
    leon brown, 8th Jan, 2019
    #2
  3. Richard Taylor

    Richard Taylor Well-Known Member

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    Regretfully not.

    Cheers
     
    Richard Taylor, 8th Jan, 2019
    #3
  4. Leslie

    Leslie Well-Known Member

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    May I know what is the current interest rate for Interest only loans on Investment properties with 90% LVR Please? Thanks
     
    Leslie, 16th May, 2019
    #4
  5. Rolf Latham

    Rolf Latham Inciteful (sic) Staff Member Business Plus Member

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    from sub 3.7 % to 6 % depending on the client profile, security and lender mix

    Big range I know, but there isnt any other useful data to work with here

    ta
    rolf
     
    Rolf Latham, 16th May, 2019
    #5
    Leslie likes this.
  6. Leslie

    Leslie Well-Known Member

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    Thank you
     
    Leslie, 17th May, 2019
    #6