Pepper Flexi Advantage (80% up to 85% LVR)

The Pepper Flexi Advantage (80% up to 85% LVR) home loan is presently available at a variable interest rate of 9.40% and a comparison rate of 9.96% for loans of $100,000 over a term of 30 years. It is also a home loan that will suit a variety of home buyers ranging from the self employed, property investors, those seeking to refinance , or those who may, for some reason or another, have a less than perfect credit history.

In fact it is a great home loan for anybody who doesn’t conform to the traditional lending criteria. It comes with a quite competitive interest rate for a mortgage that offers so many additional features and gives individual assessment to all applicants. It is also a home loan that carries with it unlimited redraw and unlimited additional repayment facilities and a simple fee structure. It also boasts three very important additional benefits, they are:

1. No interest rate loading with interest only repayments.
2. No lenders mortgage insurance.
3. No loading for regional investment security loans.

Pepper Flexi Advantage (80% up to 85% LVR) home loans can be paid back over any period from 10 to 40 years. The minimum amount you can borrow is $100,000 and the maximum is $1,000,000 for loans up to 85% LVR (loan to value ratio). You will be allowed to repay interest only for one to five years after which repayments will have to be both principal and interest.

Interest only repayments have to be paid on a monthly basis but when you are repaying both principal and interest you can choose whether you make these payments either fortnightly or monthly. You can make any amount of extra repayments as you wish and there is also a free redraw facility whereby you can redraw any excess funds as you need to do so, although this facility is only active when you are making repayments on a combined principal and interest basis and there is a minimum of $1000 that can be redrawn at any one time. This particular home loan also offers a $50,000 split loan facility for those who want to take advantage of it.

Pepper Flexi Advantage (80% up to 85% LVR) income test requirements

In order to be eligible for this home loan you must be able to produce the following supporting income evidence:

If a salary or wage earner.

• Your last two PAYG payslips from your employer.
• A letter confirming employment or alternatively your latest Group Certificate.

If self employed.

• Your last two years Tax Returns along with your financial records.
• The last two years Taxation assessment Notices.

If seeking Refinance.

• Documentary evidence of satisfactory loan repayments over the previous six months.

Pepper Flexi Advantage (80% up to 85% LVR) home loan fees and charges:

• Establishment fee – $995 (includes one standard valuation).
• Additional valuation fee per security – (if required).
• Legal fees – .
• Title insurance premium; for valuations up to $400,000 – $300. For valuations over $400,000 – $450.
• Loan discharge fee – $250 per loan account.
• Discount Interest Adjustment fee. (This fee becomes payable if the loan is paid out within four years. The fee payable is calculated by multiplying the amount of loan to be repaid early by the difference in the standard rate and discount rate divided by 365 and then multiplied by the number of days the loan had the benefit of the discount).
• There are no additional security fees to pay other than valuation costs.
• No guarantee fees.
• No split loan fees.
• There is however a monthly fee of $15 to pay as well as any government charges that may be applicable.

How pepper look after their clients’ interests

Pepper Home Loans will only lend what the home buyer can afford. They do this by only lending amounts that they, and you, know what you can afford to make the repayments on. All their mortgage brokers are trained to follow strict guidelines on this very important point.

How to apply for a Pepper Flexi Advantage (80% up to 85% LVR) home loan

To get a Pepper home loan you have to obtain it through the services of a mortgage broker. They only offer their loans to mortgage brokers who have a good reputation in the home loan industry. They fully train their accredited mortgage brokers in all aspects of Pepper home loan policy through their Business Development Managers and their Mortgage Consultant team. All mortgage brokers who offer Pepper home loans must be accredited with a major industry body such as Mortgage and Finance Association of Australia (MFAA) or the Finance Brokers Association of Australia (FBAA) and Credit Ombudsman Service Limited (COSL). This ensures that their product is only offered by organisations who are trustworthy and have your best interests as a home buyer at heart.

Pepper Flexi Advantage (80% up to 85% LVR) is an ideal home loan for those who find it difficult to meet the criteria demanded by many of the more traditional lenders. It is a loan where you will be judged on your merit and your ability to repay.

Read the Pepper Flexi Advantage (80% up to 85% LVR) terms and conditions.

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