Pepper Flexi Advantage (70 percent up to 75 percent LVR)

Pepper home loans have a variety of award winning mortgage products on the market that are well suited to many home buyers, one of which is the Pepper Flexi Advantage (70% up to 75% LVR). This particular home loan is perfectly suited to home buyers who are self employed as well as those who have been granted their deposit and therefore can’t produce a comprehensive record of saving as many lenders insist on seeing. It is also suitable for those who own their own small business, property investors and even people who have incurred financial difficulty in the past which has left them with a less than 100 percent credit rating. In other words if you don’t happen to be able to conform to most lenders’ strict lending criteria, Pepper Home Loans may be able to help you.

Why Pepper stands out above the rest

The Pepper Flexi Advantage (70% up to 75% LVR) home loan is a mortgage that is flexible and can be tailored to meet your needs because Pepper’s specialist underwriting team assess every mortgage on its individual merits. What makes Pepper Flexi Advantage (70% up to 75% LVR) stack up so well against other products is because of the following features:

• Pepper’s specialist underwriting teams giving individual assessment to all applications.
• Unlimited additional repayments.
• Free redraw.
• Simple and straightforward easy to understand fee system.
• There is no extra interest rate loadings imposed on interest only repayments.
• No additional interest rate loadings are imposed on rural or investment security loans.
• No lenders mortgage insurance is required.

Pepper Flexi Advantage (70% up to 75% LVR) target market

When pepper designed the Flexi Advantage home loan, it had in mind the home buyer who is purchasing the home as an owner occupiers residence, those buying property for investment purposes, as well as home buyers looking to refinance into an improved product. It is aimed at a broad range of applicants as Pepper take the time to consider each applicants specific circumstances, not just stick rigidly to a preconceived policy that is determined by a home buyers credit score. This approach lends itself to the loan being applied as working capital for a business and even for debt consolidation purposes.

Income eligibility for a Pepper Flexi Advantage (70% up to 75% LVR) home loan

If you are borrowing for the purpose of refinancing your existing home loan into another mortgage that you consider to be an improved product, be it for more suitable features, or simply to obtain a more competitive interest rate, you will have to show evidence of a satisfactory loan payment history over the preceding 12 months. If you are working for a salary or wages you will need to submit your last two PAYG pay slips issued by your employer as well as a letter confirming your employment or a copy of your latest group certificate. If you are self employed you will need at least the last two years taxation returns as well as any necessary financials to show earnings as well as last two years Taxation Assessment Notices.

Pepper Flexi Advantage (70% up to 75% LVR) home loan details:

• This home loan can be repaid via interest only for a period of from one to five years, followed by principal and variable interest repayments.
• You have two options of how regular you can repay your mortgage when you are paying off both the interest and principal and that is either fortnightly or monthly. When you are only paying the interest only you will have to repay monthly. You can make any amount of additional payments into the account and you can redraw these excess funds anytime you have the need to do so when you are paying the loan off on an interest and principal basis. The minimum redraw at any one time is $1000.
• There is a minimum split loan facility of $50,000.
• The loan can be taken out over a minimum period of 10 years to a maximum term of 40 years.

Pepper Flexi Advantage (70% up to 75% LVR) fees and charges

There is a monthly fee of $15 to pay but on a one off basis there is an establishment fee of $995 that also includes one standard valuation. Additional valuation fees of are payable for more than the one security and legal fees are usually around . There is also a title insurance fee of $300 for loan valuations under $400,000 and $450 for valuations over that amount. There is also a loan account discharge fee of $250. A Discount Interest Adjustment fee is payable if the loan is repaid during the first four years of the loan. This fee is calculated by multiplying the loan amount that is to be repaid early by the difference in the standard rate and any discounted rate. This figure is then divided by 365 and the result multiplied by the number of days the loan had been discounted.

A Pepper Flexi Advantage (70% up to 75% LVR) home loan can be of great benefit to those who have, for some reason or another, experienced a financial hardship that impaired on their credit history, as applicants are assessed individually and not pre-judged as happens traditionally.

Read the Pepper Flexi Advantage (70 percent up to 75 percent LVR) terms and conditions.

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