St.George Portfolio – Home Equity Loan (Advantage Package $250K plus)
Posted July 26th, 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
The St.George Portfolio Home Equity Loan (Advantage Package $250K Plus) allows you to borrow money using your house’s equity to fund those investments you may want to make. It also allows you to have many investments which operate under the same loan. This can is done by placing each investment into a sub-account, allowing you to manage each one separately.
Features of the St.George Portfolio Home Equity Loan (Advantage Package $250K Plus)
The Portfolio Home Equity Loan (Advantage Package $250K Plus) allows you to borrow 90% of the equity from your house for investments. In addition to this, you can divide you account into sub-accounts so you are able to handle each of the investments separately. The main features of the Portfolio Home Equity Loan (Advantage Package $250K Plus) are:
- Use up to 10 separate sub-accounts for your investment needs. By using the Portfolio Home Equity Loan (Advantage Package $250K Plus) you can create up to 10 different sub-accounts for your investments. Each account can be treated separately with different ownership and statements for each of them;
- Choose how you would like to repay the loan. The frequency of repayments on thePortfolio Home Equity Loan (Advantage Package $250K Plus) can be decided by you. This allows you to tailor the repayments to your income. There is also the option to reduce the interest charged on the loan by having your income deposited directly into the loan account. By doing this less interest will be charged and you may be able to pay your loan off quicker;
- You can borrow more money. At some stage you may want to take advantage of new opportunities or expand your existing investments. The Portfolio Home Equity Loan (Advantage Package $250K Plus) allows you to increase the amount of money you borrow so you can take advantage of any opportunities that may arise.
- The all in one advantage package. The advantage package is an all in one package that allows you to take advantage of a few more benefits to make sure you get the best deal. The main features of the advantage package are:
- no loan establishment, administration, credit card, transaction or monthly service fees
- Reduced interest rates
- 100% interest offset
- and free credit card and transaction accounts.
- You can fix your interest rate. For up to 3 months before settlement date you may fix your interest rate. This flexible feature enables you to lock a low interest rate in if you think it will rise in the future. This protects you from rises in interest rates;
- Deposit protect bond. Take advantage of our deposit protect bond feature and earn money from your deposit. The deposit protect bond allows you to have an account with your deposit resting in there gaining interest while you pay off your loan. Apart from making you money, this feature also guarantees that the bank will pay your bond if it is unpaid by settlement.
By increasing your investment portfolio you are securing you and your family’s future. The Portfolio Home Equity Loan (Advantage Package $250K Plus) allows you to do this while also providing an effective way to manage all your investments.
Read the St.George Portfolio - Home Equity Loan (Advantage Package $250K plus) terms and conditions.
| Minimum Loan Amount | $250,000 | |
|---|---|---|
| Maximum Loan Amount | $1,500,000 | |
| Maximum LVR | 90% | |
| Maximum Insured LVR | 90% | |
| Mortgage Offset Account | No | |
| Loan Redraw Facility | No | |
| Split Loan Facility | Yes | |
| Fixed Interest Option | No |
| Interest Rate Type | Fixed | |
|---|---|---|
| Interest Rate | 6.44% | |
| Repayment Type | Interest Only | |
| Repayment Frequency | Weekly | |
| Extra Repayments | Yes |
| Application Fee | $0 | |
|---|---|---|
| Legal Fee | $0 | |
| Valuation Fee | $0 | |
| Service Fee | $395 | |
| Settlement Fee | $100 | |
| Exit Fee | $500 |
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