State Custodians Mortgage Company Standard Variable Offset Loans

State Custodians Mortgage Company, variable offset home loans have been awarded the ‘Best Loan for Home Buyers’ by Money Magazine in 2010. This award makes State Custodians Mortgage Company a leader in the non-bank home lending industry. A position brought about by the company strictly adhering to its policy of avoiding industry middlemen such as mortgage brokers and other commission earning home loan companies.

When you take out a State Custodians Mortgage Company, variable offset home loan, you will be dealing directly with a highly qualified company salaried employee. Not a distant go-between.

A feature of State Custodians Mortgage Company, variable offset home loans ability to keep interest rates low, while retaining all the important features and benefits, is the use of cutting edge online technology together with a live human at the other end of the line when it is found necessary to have an informed personal chat on any aspects of your home loan.

The result of being able to save, by dealing direct with the customer and not having to continuously pay commissions, means that the current interest rate applicable to the State Custodians Mortgage Company variable, home loans can be kept at 6.39 percent with a comparison rate of 6.65 percent. An interest rate that is far out ahead of the rates presently being charged by the big banks.

The current interest rates on the three State Custodians Mortgage Company, home loans are as follows:

• SCMC standard variable offset home loan – 6.02% (6.23% comparison).
• SCMC Breath Easy Offset home loan – 6.27% (6.18% comparison).
• SCMC Line of Credit home loan – 6.02% (6.18% comparison).

None of these home loans collect money off the home buyer to pay as commissions to any mortgage brokers.

State Custodians Mortgage Company, variable offset home loans – Details.

State Custodians Mortgage Company, variable offset home loans are available to first home buyers and others who are owner occupiers as well as property investors through a repayment of principal and interest or interest only, on a weekly, fortnightly or monthly basis, fully depending on the needs of the home buyer, to a limit of 95% of valuation (LVR) if you are willing to take out Loan Mortgage Insurance (LMI). Mortgage holders who wish to refinance or are seeking debt consolidation can obtain a maximum LVR of .

State Custodians Mortgage Insurance Company, variable offset home loans, have a maximum term of 30 years. The minimum loan size is $150,000 while the maximum is $1,000,000, although higher amount can be accessed in exceptional circumstances.

Redraw accessibility is unlimited and the home loan can be organized with up to four splits if required, with a 100 percent offset savings transaction account linked to the home loan itself.
In this way you can pay your whole salary into the account to maximize your balance therefore effectively assisting you in further reducing your interest costs.

There is no access limit imposed on your free online loan account nor is there any access limit placed on your free phone loan account and there is full ATM, EFTPOS and BPAY availability

Fees and conditions will apply for any top up requirements and fixed interest rates can be arranged if found beneficial during the first 12 month of the home loan being in effect. There is a bonus rate reduction of 0.15 percent after five years. Pre-approval can be arranged if requested but the loan is not able to be used as a construction loan.

The only fees that are applicable to a State Custodians Mortgage Company standard variable offset home loan are the following:

• Legal fees – (deducted from the loan itself). This fee is an estimate and a fee of $175 per security is applicable for an application of more than one securities.
• Annual fee – $345.
• Valuation fee –
• Discharge fee – $350.
• Cancellation of settlement fee – . (If cancellation is caused by action taken other than by SCMC itself).

All State Custodians Mortgage Company home loans are fully transportable to a different property for a fee of without incurring any early exit penalties that can be imposed otherwise, for loans paid out within five years. Certain conditions do apply in these cases.

If an early exit fee is found to be payable the fee will be one percent of the initial loan amount in the first three years but falling to 0.80 percent in the fourth and 0.60 percent for the fifth year.

State Custodians Mortgage Company, variable offset home loans are available at a lower interest whilst retaining full features because of the elimination of the industry middlemen. These savings, by not paying commissions, are passed on in full to you, the home buyer.

A fully featured, low variable interest rate home loan, is what State Custodians Mortgage Company offer home buyers, along with security and industry leadership. Start a standard variable rate loan comparison now.