State Custodians Mortgage Company Standard Fixed Loan (2 Year)

A State Custodians Mortgage Company, fixed home loan can vary in terms from one to five years. All loans are similar in what they offer but besides the terms being of different length the interest rates vary also. The shorter the term the lower the interest rate.

The term chosen will be determined by the borrower taking into consideration the risk and benefits involved. Such things as:

• The likelihood of interest rates rising or falling in the future. For instance; what will most likely be the economic situation in one, two, three, four or five years time?
• If interest rates were to rise, what would be my financial position?
• Do I need fixed interest rates to ensure my budget remains the same for one, two, three, four or five years hence.

When answering these question you may feel that two years is sufficient for your needs. If so your choice of a State Custodians Mortgage Company, fixed home loan would change automatically to ‘Standard Variable Offset Loan’ interest rate once the two year fixed period expires.

A State Custodians Mortgage Company, fixed home loan for two years will have you benefiting from the company’s unique money saving policy of dealing with all their home buyers direct by applying the following principles:

• State Custodians Mortgage Company (SCMC) does not use mortgage brokers.
• SCMC does not use companies or agents who take commissions for any business they generate.
• All SCMC employees are free of any conflict of interest and are there to provide professional service direct to their customers personally over the phone or by internet.

In this way we can keep interest rates low while our home buyers rest confidently in the knowledge that their home loan is being professionally handled by people who will look after their interests above all else.

Accessibility & Repayments

State Custodians Mortgage Company, fixed home loan (2 years), is available for owner occupiers as well as property investors. If you are a first home buyer you will be as pleased as a veteran as you arrange your weekly, fortnightly or monthly repayments to pay both the principal and interest, or if you wish, interest only. Top ups are permitted but certain conditions and fees will apply. Loan pre-approvals can be arranged when required.

Loan Limitations & Requirements

The maximum term of a State Custodians Mortgage Company fixed home loan is 30 years and you can borrow up to 95% of the Loan to Valuation Ratio (LVR) for re-financing as well as a for home purchase. You will however have to take out Loan Mortgage Insurance (LMI) for all loans and capitalization of your LMI repayments can be arranged if you so wish. A SCMC fixed home loan can be arranged for amounts between $150,000 minimum and $1,000,000 maximum.

Four Loan Splits Can be Accommodated

Four splits can be accommodated with a State Custodians Mortgage Company, fixed home loan over two years as can a free redraw facility but not on any fixed portion of the mortgage.

When split, the variable interest portion is repaid at the SCMC Standard Variable Offset Loan. You can also have a 100 percent offset account linked to your loan but once again, only to the variable interest portion of the split, not to the fixed portion.

You can have a free unlimited access phone loan account as well as a free unlimited access online loan account whether the loan is operating as a fixed interest rate home loan or a variable interest rate home loan. ATM, EFTPOS and BPAY facilities are included. Your salary can be credited directly into the variable interest rate portion of the loan but not for the fixed term.

State Custodians Mortgage Company Fixed Home Loan Fees & Charges

You will NOT get any of the following with a SCMC fixed home loan:

• Application fee – $0.
• Monthly ongoing fee – $345.
• Settlement fee deducted from the loan – None
• Offset management fee – None.
• Pre-approval fee – None.
• 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.

Fees that are applicable however include the following:
• Lenders Mortgage Insurance processing fee of $499 (only for loans requiring mortgage insurance)
• Discharge fee of $350.
• The cancellation of settlement, fee of is only payable if the cancellation is made by anybody other than an employee of SCMC itself.
• A transfer fee of is payable for moving the loan to another property (conditions apply).
• No Exit fee.

A State Custodians Mortgage Company, fixed home loan ( 2 years), is designed to give you peace of mind for the first 24 months knowing interest rates will not rise on your loan during that time. This breathing space will allow you time to arrange all your finances with certainty.

Read the State Custodians Mortgage Company Standard Fixed Home Loan - 2 Year Fixed Rate (Fix less than 50%) terms and conditions.

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Home Loan	Details	Interest Rate (p.a.)	Comp Rate^ (p.a.)	App Fee / Ongoing Fee	Max LVR	Min & Max Borrowing
Loans.com.au - Dream Catcher​	A home loan offer with a $0 application fee and one of the lowest available home loan interest rates.	5.85%	6.21%	$0 / $375	80%	$50,000 / $750,000
Bankwest Online Home Loan	A low interest rate home loan with a $0 application fee and ongoing maintenance fees. This offer is exclusively available by applying online.	5.97%	5.97%	$0 / $0	80%	$100,000 / $1,000,000
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
Illawarra Home Loans Bank Beater Home Loan	A low variable rate, beaten down even further by 0.05% p.a. after 5 years.	6.07%	6.35%	$0 / $345	90%	$250,000 / $1,000,000