ANZ Breakfree Home Loan Package ($700,000 plus)
Posted May 12th, 2010
and last modified January 31st, 2012
What happens when I click Enquire Now?
- Clicking Enquire Now will take you to the lender's website
- After completing the contact form, a mortgage expert will contact you
- The mortgage expert will ensure you find the right loan, calculate your repayments, and explains all the associated fees
- After going through the enquiry process you will be able to know how much you can borrow, begin your application when you are ready to apply and be approved for a home loan
When you get a home loan each person will want different things. Many people will want stability in the loan. This might mean getting a fixed rate home loan where the payments are fixed. On the other hand, many people will want flexibility on the way they repay the loan. Features of flexible loans may include the ability to make additional repayments, redraw facilities, offset accounts and many more. The ANZ Breakfree Home Loan Package ($700,000 plus) offers you a loan with all these flexible features and many more. By taking advantage of all the features offered with the ANZ Breakfree Home Loan Package ($700,000 plus) you will be sure that you will save money.
Features of the ANZ Breakfree Home Loan Package ($700,000 plus)
The ANZ Breakfree Home Loan Package ($700,000 plus) comes with a variety of features that will give you flexibility and help you reduce the amount of money you spend on the loan. These features are:
- Flexible repayment options. One of the ways the ANZ Breakfree Home Loan Package ($700,000 plus) gives you flexibility is that you can choose how you repay the loan. The ANZ Breakfree Home Loan Package ($700,000 plus) allows you to pay off the loan in weekly, fortnightly or monthly repayments.
- Borrowing conditions. The ANZ Breakfree Home Loan Package ($700,000 plus) allows you to borrow between $700,000 and $10,000,000, however you will have to pay the loan off within a 30 year period. You can borrow up to 80% of the loan to value ratio with lenders insurance.
- Extra repayments and redraw. The ANZ Breakfree Home Loan Package ($700,000 plus) allows you to make extra repayments when you can. This is a great feature that will help you reduce the amount you owe on the loan faster and reduce the amount of interest that you will pay on the loan. Furthermore, if you need access to this money you will be able to withdraw the funds at anytime.
- Mortgage offset account. The ANZ Breakfree Home Loan Package ($700,000 plus) comes with a mortgage offset account. The mortgage offset accounts are accounts that are connected to the loan account. When you put money in the offset account 100% of the money will be taken from the loan when interest is calculated. This means that the more money you keep in the account the less interest you will pay. This will reduce the size of your repayments.
- Split the loan. The ANZ Breakfree Home Loan Package ($700,000 plus) also allows you to split the loan so different parts of the loan are subject to different loan types. In the case of the ANZ Breakfree Home Loan Package ($700,000 plus), you may want to set 50% of the amount owing to this loan and the other 50% to a fixed rate loan. This feature assures that you will not pay too much extra from the disadvantages of a particular loan type.
The ANZ Breakfree Home Loan Package ($700,000 plus) is a loan that offers the lender a flexible variable rate loan with a low interest rate. The ANZ Breakfree Home Loan Package ($700,000 plus) is flexible as it allows you to repay the loan the way you like, deposit extra money onto the loan. withdraw money from the loan and split the account.
Read the ANZ Breakfree Home Loan Package ($700,000 plus) terms and conditions.
| Minimum Loan Amount | $700,000 | |
|---|---|---|
| Maximum Loan Amount | $10,000,000 | |
| Maximum LVR | 80% | |
| Maximum Insured LVR | 97% | |
| Mortgage Offset Account | Yes | |
| Loan Redraw Facility | Yes | |
| Split Loan Facility | Yes | |
| Fixed Interest Option | Yes |
| Interest Rate Type | Variable | |
|---|---|---|
| Interest Rate | 6.62% | |
| Repayment Type | Principle & Interest | |
| Repayment Frequency | Weekly | |
| Extra Repayments | Yes |
| Application Fee | $0 | |
|---|---|---|
| Legal Fee | $0 | |
| Valuation Fee | $0 | |
| Service Fee | $375 | |
| Exit Fee | $160 | |
| Early Termination Fee | $0 |
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