95% Interest only LVR is back

Discussion in 'Loans & Mortgage Brokers' 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

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    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 Well-Known Member

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    nsw
    Is this for vacant land as well?
     
  3. Mortgage Capital Australia

    Mortgage Capital Australia Mortgage Broker & Private Lender Business Member

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    Regretfully not.

    Cheers
     
  4. Martin Mariappan

    Martin Mariappan 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
     
  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
     
    Martin Mariappan likes this.
  6. Martin Mariappan

    Martin Mariappan Member

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    Perth
    Thank you