State Custodians Mortgage Company Line Of Credit Loan
Posted September 7th, 2010
and last modified February 23rd, 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
Home buyers who settle for a State Custodians Mortgage Company line of credit loan can rest easy knowing that they have secured a prize winning line of credit home loan. The silver medal award from Your Mortgage Magazine was for “Best Non-Bank Line of Credit 2011.”
The latest award, that is now added to the numerous other awards the company has received this year, for their ’state of the art’ home loans, gives industry recognition for its policy of cutting out the home loan industry middlemen, such as mortgage brokers and other commission earning companies, in order to keep their interest rates low.
A highlight of a State Custodians Mortgage Company line of credit loan, besides its low interest rates, is its retention of important benefits and its use of cutting edge online technology, with an actual real live human at the other end of the line, should you need to make any inquiries from one of their highly skilled professional, salaried staff.
All State Custodians Mortgage Company (SCMC) line of credit loans feature the following details:
- A SCMC line of credit loan is available for first home buyers and other owner occupiers as well as property investors. Interest only repayments can be arranged for up to 15 years after which the loan will revert to principal and interest repayments. Repayments can be made weekly, fortnightly or monthly. Interest repayments can be capitalized along with mortgage insurance (if required).
- The loan, that can be arranged for up to 90% of Loan to Valuation Ratio (LVR) with a Lenders Mortgage Insurance (LMI), can be repaid over a term of 30 years, as long as it is within the minimum limit of $150,000 and $1,000,000 maximum. Pre-approval can be arranged if required.
- You will receive unlimited access to your free online loan account as well as having the use of a free phone account and full ATM, EFTPOS and BPAY facilities. Top ups are allowed but fees and conditions will apply.
- To reward customer loyalty, there is a Loyalty Bonus Rate Drop of 0.25% after 5 years.
- There is also an optional debit card attached to all State Custodians Mortgage Company home loans for approved customers – a Mastercard debit card can be used for all EFT transactions including internet and phone purchases.
State Custodians Mortgage Company line of credit loan – fees.
Fees which apply include:
- Annual fee – $345.
- Lenders Mortgage Insurance processing fee – $499 (only for loans requiring mortgage insurance)
- Discharge fee – $350.
- Cancellation of settlement fee – $390. (only payable if cancelled by anyone other than SCMC).
- $0 exit fees.
As with other SCMC home loans the line of credit loan is fully portable in that it can be transferred to another property for a nominal fee of about $750.
A State Custodians Mortgage Company line of credit home loan can offer you low rates and full benefits because of the company’s award winning policy of avoiding the commission taking middlemen such as mortgage brokers. These savings are passed on to you, the home buyer.
If you would like to find out more about this fantastic loan and make a safe online application, you can follow this secure link through to the State Custodians website and apply today.
Read the State Custodians Mortgage Company Line Of Credit Loan terms and conditions.
| Minimum Loan Amount | $150,000 | |
|---|---|---|
| Maximum Loan Amount | $1,000,000 | |
| 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 | 6.02% | |
| Comparison Rate | 6.23% | |
| Repayment Type | Interest Only | |
| Repayment Frequency | Weekly | |
| Extra Repayments | No |
| Application Fee | $0 | |
|---|---|---|
| Legal Fee | $385 | |
| Valuation Fee | $275 | |
| Service Fee | $345 | |
| Settlement Fee | $390 | |
| Exit Fee | $0 |
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 State Custodians Mortgage Company Standard Variable Offset Loan | Awarded Mortgage of the Year 2012 – this multi-award winner features 100% offset and a loyalty 0.25% rate drop after 5 years. | 6.02% | 6.23% | $0 / $345 | 95% | $150,000 / $1,000,000 |
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