St.George Portfolio – Home Equity Loan (Advantage Package $150K to $249K)
Posted July 28th, 2010
and last modified April 16th, 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
If you are considering buying a range of investments worth between $150K – $249K then you can use the equity on your home to purchase them using the St.George Portfolio Home Equity Loan (Advantage Package $150K – $249K). In addition to purchasing your investments, the St.George Portfolio Home Equity Loan (Advantage Package $150K – $249K) allows you to manage all the separate investments under one account.
Features of the St.George Portfolio Home Equity Loan (Advantage Package $150K – $249K)
Using the St.George Portfolio Home Equity Loan (Advantage Package $150K – $249K) you can borrow up to 90% of your home’s value to help fund your investments. The main features of the St.George Portfolio Home Equity Loan (Advantage Package $150K – $249K) are:
- Have up to 10 different sub-accounts for all the investments you purchase. If you buy more than one investment you can place each investment into one of the sub-accounts. Each sub-account can be managed separately and can even have different ownership applied to it. This can be handy if you have multiple investments with different investment partners. Each sub-account will also have separate statements issued for them which will allow each of your partners to receive their relevant account summaries.
- Choose the frequency of repayments. To ensure that the accounts are suiting your financial needs you can choose the way you repay the St.George Portfolio Home Equity Loan (Advantage Package $150K – $249K). You can choose between weekly, fortnightly or monthly repayments depending on what suits you. You may also want to pay you wage directly into the account to lower the interest which accumulates on the loan.
- You can borrow more money. You may wish to purchase more investments in the future or upgrade your original investments. The St.George Portfolio Home Equity Loan (Advantage Package $150K – $249K) allows you to borrow additional funds if the need may arise.
- Special package offers. There are more option features available with the St.George Portfolio Home Equity Loan (Advantage Package $150K – $249K). The advantage package offers a range of special offers. You can get a discount on fees such as no loan administration fees, no establishment fees no credit card fees and no monthly service fees. You can also receive special rates such as 0.70%p.a discount on the interest rate and up to 0.15%p.a off the fixed rates. In addition to the above you can also receive transaction and credit account for no extra cost.
- You can choose to fix your interest rate. If you would like to fix the interest rate you can request to do so. With the added flexibility of this option you can make sure that if interest rates reach a low you can take advantage of the low rates and set them in stone.
- Deposit protect bond option. By paying a deposit protect bond you will not have to put the deposit money onto the loan. Instead, you can earn interest from the deposit money while paying off your loan. It also ensures that if the bond money is not paid off by settlement then St.George will pay it.
The St.George Portfolio Home Equity Loan (Advantage Package $150K – $249K) offers an easy way gain the money for new investments while providing an easy platform to manage them. If you have many investments or just a few the St.George Portfolio Home Equity Loan (Advantage Package $150K – $249K) will allow you to have them all located under the one account.
| Minimum Loan Amount | $150,000 | |
|---|---|---|
| Maximum Loan Amount | $249,000 | |
| Maximum LVR | 90% | |
| Maximum Insured LVR | 90% | |
| Mortgage Offset Account | No | |
| Loan Redraw Facility | No | |
| Split Loan Facility | No | |
| Fixed Interest Option | No |
| Interest Rate Type | Fixed | |
|---|---|---|
| Interest Rate | 6.64% | |
| Repayment Type | Interest Only | |
| Repayment Frequency | Weekly | |
| Extra Repayments | No |
| Application Fee | $0 | |
|---|---|---|
| Legal Fee | $0 | |
| Valuation Fee | $0 | |
| Service Fee | $395 | |
| Settlement Fee | $100 | |
| Exit Fee | $250 |
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