State Custodians Mortgage Company Standard Fixed Loan (3 Year)

A State Custodians Mortgage Company, fixed home loan, can protect you from interest rate rises from one to five years. The length of term will depend on which loan you choose depending on your own requirements but whichever to do finally settle on there will be no meaningful difference between them, except, of course, for the interest rate and term chosen for the fixed period.

Your choice of term will depend on you taking into consideration the amount of benefit involved such as:

• Will interest rates be more likely to rise or fall in the near future? For instance; what do you consider will be the economic situation for the next three years?
• What will be my financial position for the next three years?
• Will my budget remaining stable for the next three years be of great importance to me?

If you feel that three years is sufficient time for you to become financially established and that your budget situation will be stable, a State Custodians Mortgage Company, fixed home loan for three years would be just what you need prior to having your mortgage changed automatically to ‘Standard Variable Offset Loan’ interest rate once the three year fixed period expires.

A State Custodians Mortgage Company, fixed home loan for three years (the same as for all other home loans on offer by the company) allows you to benefit from the company’s innovative and money saving policy of dealing with customers direct and by applying the following principles:

• No business from commission charging mortgage brokers.
• No business from companies or their agents who charge commissions.
• All staff are conflict of interest free salaried professionals.

In this way we work to keep our interest rates low so you can rest confidently in the knowledge that your home loan is being cared for by people who really care.

Accessibility & Repayments

State Custodians Mortgage Company, fixed home loan (3 years), is available to first home buyers and others who are owner occupiers or property investors, and you can arrange your weekly, fortnightly or monthly repayments to pay interest only or principal and interest depending on your requirements at the time. You will be allowed to make top ups but there will be costs and conditions involved. Pre-approval is free and all requests welcome.

Loan Limitations & Requirements

• Minimum $150,000
• Maximum $1,000,000 (You can borrow higher amounts if circumstances warrant it).
• Loans of up to 95% of Loan to Valuation Ratio (LVR) for refinancing and purchase.
• Maximum LVR allowed for refinancing for debt consolidation purposes is 90 percent.
• Mortgage Insurance (LMI) is required on all loans above 80% LVR
• Capitalization of LMI is allowed.
• Maximum term of the loan is 30 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.

Split Your Loan Four Times

A State Custodians Mortgage Company, fixed home loan over three years can accommodate up to four splits. It also incorporates a free redraw facility on any variable interest rate portion of a split but not on any fixed portion of the loan.

Salary earnings can be credited on the variable interest portion of your loan only where the interest rate attracts the same rate as the SCMC Standard Variable Offset home loan. The 100 percent offset transaction savings account that is linked is not applicable to any fixed interest rate part of the home loan either,
However the free phone loan account and the free internet account both have unlimited access and are both available for attachment to the fixed interest rate and the variable interest rate parts of the home loan. ATM, EFTPOS and BPAY access is available.

State Custodians Mortgage Company fixed home loan fees and charges:

• $345 Annual Fee
• Lenders Mortgage Insurance processing fee of $499 (only for loans requiring mortgage insurance)
• Discharge fee $350
• There can be a cancellation of settlement, fee of but this fee is only charged when the cancellation effected by anybody other party other than a staff member of SCMC.
• No exit fees.
• Transfer fee of which becomes payable when transferring the loan to another property (conditions apply).

Fees you will not get with a SCMC fixed home loan are the following:

Application fee
Monthly ongoing fee
Settlement fee deducted from the loan
Offset management fee
Pre-approval fee
Exit fee

A State Custodians Mortgage Company, fixed home loan (3 years), will have you rest assured that your home loan interest rates will not rise for three years. This period of certainty will give you sufficient time to control your budget as you settle into your loan with financial confidence.

Read the State Custodians Mortgage Company Standard Fixed Home Loan - 3 Year Fixed Rate (Fix less than 50%) terms and conditions.

• Comparison of Top 10 Credit Card Offers

Top Home Loans

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