Citibank Mortgage Plus Mortgage Power $500K to <$750K
Posted August 3rd, 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
Many loans will require you to pay a variety of fees and will offer you the same old benefits that are offered with other loans. However, some loans go a step further than others and offer you many added extras. These extras can include additional accounts and many other benefits. The Citibank Mortgage Plus Mortgage Power $500K to <$750K home loan is just one of these types of loans. This article will explain all the features of the Citibank Mortgage Plus Mortgage Power $500K to <$750K home loan.
Features of the Citibank Mortgage Plus Mortgage Power $500K to <$750K
The Citibank Mortgage Plus Mortgage Power $500K to <$750K home loan comes with a variety of features. These features are:
- How much can you borrow. The Citibank Mortgage Plus Mortgage Power allows you to borrow between $500,000 and $749,999. You will be able to borrow up to 85% of the loan to value ratio without mortgage insurance. If you would like to borrow over 85% of the loan to value ratio you will have to get mortgage insurance.
- You can make extra repayments. Many loans will not allow you to make additional repayments on to your loan. By making additional repayments you are able to pay off your loan faster and reduce the amount you pay on the loan by lowering the interest you pay. The Citibank Mortgage Plus Mortgage Power $500K to <$750K allows you to make as many additional repayments as you would like.
- Redraw the extra money. If you decide to make additional repayments onto the loan you will also get the benefit of being able to redraw the money at anytime. This is a great feature that will help you out if you need money in a rush. You can redraw money at any time and for no additional charge.
- You are able to split the loan. If you don’t want to be locked into one loan type the Citibank Mortgage Plus Mortgage Power $500K to <$750K allows you to split the loan. By splitting the loan you will be able to subject one portion of the loan to the Citibank Mortgage Plus Mortgage Power $500K to <$750K loan scheme, and subject the other portion to another type of loan.
- Free transaction account. The Citibank Mortgage Plus Mortgage Power $500K to <$750K home loan also comes with a free transaction account. This means that you will be able to save money and time by doing all of your banking in the one place.
- Free credit card. The Citibank Mortgage Plus Mortgage Power $500K to <$750K also comes with a free Platinum credit card. The credit card that you will receive will function like a normal credit card but you will not pay any annual fee. This will save you $250 a year.
- Fees. There are few ongoing or transaction fees that are charged with the Citibank Mortgage Plus Mortgage Power $500K to <$750K however you will have to pay a $350.00 service fee.
The Citibank Mortgage Plus Mortgage Power $500K to <$750K is a great loan package that offers you a range of features. The Citibank Mortgage Plus Mortgage Power $500K to <$750K offers you many of the features that you will get with other loans but you will also get a free transaction account and a free credit card.
Read the Citibank Mortgage Plus Mortgage Power $500K to <$750K terms and conditions.
| Minimum Loan Amount | $500,000 | |
|---|---|---|
| Maximum Loan Amount | $749,999 | |
| Maximum LVR | 85% | |
| Maximum Insured LVR | 85% | |
| Mortgage Offset Account | No | |
| Loan Redraw Facility | No | |
| Split Loan Facility | No | |
| Fixed Interest Option | No |
| Interest Rate Type | Fixed | |
|---|---|---|
| Interest Rate | 6.82% | |
| Repayment Type | Interest Only | |
| Repayment Frequency | Weekly | |
| Extra Repayments | No |
| Application Fee | $0 | |
|---|---|---|
| Legal Fee | $0 | |
| Valuation Fee | $0 | |
| Service Fee | $350 | |
| Settlement Fee | $250 | |
| Exit Fee | $300 |
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