Finance Broker Australia Home Loan Broker

A great new product to hit a HomeRun with!

Plus it’s a winner for owner-occupiers and investors

FirstMac have announced they are diversifying their product range with the launch of a new FirstMac product –HomeRun08.

HomeRun is a fully featured variable home loan designed to assist your borrowers with the purchase and construction of a new home or investment property.

It’s also suitable for borrowers wishing to refinance an existing property and ideal for those looking to negatively gear and capitalise on taxation benefits.

From 7 April 2008 St.George/BankSA is making changes to the No Deposit – Quick Start Option. This option is suitable for those customers who have minimal funds upfront to purchase a property. This includes customers who do not wish to pay the LMI or the LEF (Loan Extension fee). The changes are as follows:

• The variable interest rate margin will increase from 0.32% to 0.50% above the Standard Variable Rate;
• The fixed interest rate margin will increase from 1% to 1.15% above the Standard Fixed Rate; and