Posted Sunday, 02 August 2015 at 22:45 by Shape Home Loans
Tagged: home loans | Home Buyer | Hint/Tip | NO LMI | APRA lending laws | Loan for owners occupier | Refinance
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St George bank 85% LVR NO LMI
Current as of 1st August 2015.
NO LMI up to 85% LVR for refinance and Purchase
Date: 4th August 2015 - 15th September 2015
The deal: No LMI up to 85% LVR for refinance and purchase of a owners occupier loan.
Lender: St George bank
Rate: Negotiable - Depends on loan amount, Contact us for a quote.
Application fee: Waived - $0
Valuation fee: Waived - $0
Annual fee: $395 pa
100% offset account
Extra repayment allowed
Free credit card
Option to part fix or do a full fix
Equity allowed and cash out
Construction loan allowed
- The maximum LVR allowed for LMI to be is 85% (including Capitalised LMI if applicable). Must meet LMI criteria.
- Must be able to service and meet normal lending requirements based on the full loan amount including LMI - no exceptions.
- Full contribution, fees & charges (including LMI) must be available to meet settlement
- LMI will only be paid in instances where LMI would not be paid on the application if the LVR was less than or equal to 80%.
- The application will be assessed under Lenders Mortgage Insurance Credit Policy rules where the customer would normally pay the LMI premium.
- Not available on Basic Home Loans.
- Available for both new purchases and refinances, however loan purpose must be Owner Occupier.
- Applications submitted from 4 August 2015 and settled on or before 30 October 2015 ( Bets to submit the deal before 15th September 2015 to meet this deadline)
- Applicable to all channels.
- Not available for loan increases.
- Cannot be used in conjunction with any new or existing cashback or rebate offers.
- No combination loans unless the loan purposes for all the loans are classified as Owner Occupier.
- Must have an eligible transaction account open for up to 60 days after settlement.
Contact a Shape Home lons advisor today (No charge).
Phone: 1300 74 5626
Email: email@example.com Or clik here to drop us a note.
Visit our customer service center: 5 Belmore street, Burwood NSW 2134.
Contact details and location page:
Other offer by St george bank - $2,000 cash back for refinance and new purchase ( Note you can only apply for ONE offer)
Bankwest 4.09% variable rate Special !!! Find out more
Note: depending on loan amount and LVR individual deals can be negotiated. Just ask.
** Comparison rate = Comparison rates are calculated on the basis of secured credit of $150,000 over a 25 year term. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.
All loans are subject to credit and lenders approval.