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Low Doc

Citibank Home Loan policy changes

Wed, 2008-11-26 21:48 — Broker

Important changes to Citibank home loan products.

Due to the changing economic and market conditions, Genworth, Citibank LMI provider, has implemented changes relating to products and risk policy.

As a result, the following changes will be made to Citibank’s products to align with Genworth’s policy updates. Citibank’s product changes are effective 1 December 2008: Read more

  • Citibank will no longer offer Self Certified 70

Lo Doc Home Loan Option

Thu, 2008-05-22 10:00 — Broker

Ability Finance have access to lenders who are still offering a great range of Lo Doc Home Loans.

These lenders are currently offering: Read more

  • LO DOC 60 (Requires ABN number, NO LMI)
  • LO DOC 70 (Requires ABN number and NO LMI)
  • LO DOC 80 (Requires ABN number, LMI can be capitalised or flat fee option)
  • LO DOC 85 (Requires ABN number, NO LMI, Rate is able to revert to Standard Variable Rate after 36 months)

Did You Know?

Tue, 2008-05-06 22:26 — Broker

Did you know that Ability Finance Brokers have access to a lender who;

· Has No Mortgage Insurer.

· Whose Formal Approval is a Formal Approval.

· Can do 90 percent LVR's for Full Doc and 85 percent LVR's for Lo Doc.

· Has LVR's for Self-Employed of up to 90 percent with alternate verification.

· Can do up to 80 percent on vacant land.

· Can take into account 2nd & 3rd casual job incomes.

Contact a finance broker now for further information Read more

Fixed Interest Rates Increase

Thu, 2008-04-24 18:38 — Broker

Fixed Interest Rates Increase.

Effective the 25th April 2008 fixed interest rates increased 0.10 percent for the 1 year fixed rate and 0.20 percent for the 2, 3, 4 and 5 year fixed interest rate home loans.

Effective immeadiatley there have also been changes made to the low doc home loans policy.

Contact a finance broker on 02 80024035 for more infromation about ING direct home loans.

PAYG Low Doc Home Loan

Wed, 2008-04-23 15:24 — wes@ability

PAYG LoDoc home loan.

There is a fully featured variable home loan on offer for borrowers to purchase or construct their new home or investment property.

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

Plus it even caters for borrowers wishing to purchase a luxury home!

With flexible lending guidelines this home loan products flexible lending guidelines include a serviceability calculator that takes interest deductibility (negative gearing) into account. Read more

The Rock Interest Rate Movements

Wed, 2008-04-09 14:52 — wes@ability

Effective Friday 11 April 2008, the Rock Building Society will increase all of its variable home loan interest rates (excluding lo doc variable) by 0.10 percent as a result of continuing increased wholesale funding costs. This interest rate rise is in line with adjustments made by other financial institutions recently. Read more

Citibank Self Certified changes

Tue, 2008-04-08 16:16 — Broker
Citibank have announced that from 14 April 2008 Citibank will no longer pay the Lenders Mortgage Insurance premium for new Self-Certified loans. Instead, new Citibank customers will be required to meet this cost. Citibank continue to provide a wide range of valuable benefits to all Self-Certified customers including:
  • A simple, streamlined application process
  • A wide choice of self-certified loans including fixed, variable and interest-only options
  • Option to step down interest rate (conditions and fees may apply).
Read more

FirstMac HomeRun

Thu, 2008-04-03 22:38 — 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. Read more

Homeloans Premium

Thu, 2008-04-03 22:30 — Broker
Homeloans Premium Homeloans Premium home loan products. Key features include
  • Up to 4 splits
  • Interest only up to 10 years
  • Unlimited Free Redraw
  • Direct Salary Credits
  • Credit Card Sweep Facility Available
  • Internet & Phone Banking
  • Debit Card (ATM & EFTPOS)
Products available;
  • Full Doc
  • Lo Doc
  • No Doc
All Pro Pack loans as above are available for a $330/year fee. Lines of Credit are also available.
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