High LVR loans 95% and 99.9% LVR

Posted Saturday, 15 August 2015 at 12:26 by Shape Home Loans
Tagged: First home buyer | LVR for investors | Loan for investment | Loan for investor | Loan for owners occupier | 95% LVR | Low deposit
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$37,000- $44,000 - that's all your need to get started. Start small...we all been there, you gotta start somewhere.

Purchase: $500,000
True LVR: 95% + LMI
LMI cost: 4.56%
End LVR: 99.56%

Loan: $497,802

Interest rate: 4.54% - 4.74%

Repayments with Principle and interest ( @ 4.74%): $2,594 per month

Your outlay: 5% ( $25,000) + Stamp duty( ~$12,000- $17,990 Depending on which state)

Requirement for a 95-99% LVR loan.

We pride ourselves on responsible lending, so the following will apply as a general guide.

* At this high LVR, we will do Principle and interest repayments.
* Stable employment - Min time with current employer 1.5 year with at least 3 years history in the same industry.
* Genuine savings only at this high LVR.
* Good credit history
* Low credit card limits ( under $10,000 is preferred) and no or low personal loans outstanding.
* Should have at least $5,000 cash buffer as a minimum ( not compulsory)

Max Property price: $500,000 at 99% end LVR - Principle and interest repayments only ( Shape home loans policy) 

Max Property price: $1,000,000 at 97% end LVR -  Principle and interest   ( Shape home loans policy) 

Max Property price: $2,000,000 at 95% end LVR  - Principle and interest  Or interest only repayments 

Available for Investors and owners occupier. 

Subject to lenders acceptance and credit Criteria .