95% Interest only LVR is back

Discussion in 'Property Finance' started by Mortgage Capital Australia, 9th Jan, 2018.

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  1. Mortgage Capital Australia

    Mortgage Capital Australia Mortgage Broker & Private Lender Business Member

    Joined:
    20th Jun, 2015
    Posts:
    339
    Location:
    Brisbane
    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.
     
  2. leon brown

    leon brown Active Member

    Joined:
    21st Jun, 2015
    Posts:
    41
    Location:
    nsw
    Is this for vacant land as well?
     
  3. Mortgage Capital Australia

    Mortgage Capital Australia Mortgage Broker & Private Lender Business Member

    Joined:
    20th Jun, 2015
    Posts:
    339
    Location:
    Brisbane
    Regretfully not.

    Cheers