Westpac Fixed Rate Investment Property Home Loan
A home loan should provide more to the homeowner than just a debt that needs to be repaid. Most consumers are looking for security in their investment and they are trying to save money at the same time. A Westpac Loan will offer the homeowner exactly what they are looking for because they can create a loan agreement that they are satisfied with.
| Home Loan | Details | Interest Rate (p.a.) | Comp Rate^ (p.a.) | App Fee / Ongoing Fee | Max LVR | Min & Max Borrowing | |
|---|---|---|---|---|---|---|---|
 Westpac Fixed Rate Investment Property Loan |
A Secure Loan for Your Investment | 6.19 (3 Years)% | 6.96% | $600 / $8 | 80% | $15,000 / $10,000,000 |
 
|
Flexible Rates
A feature most homeowners will appreciate is the option of dividing their loan into two rates. Westpac gives borrowers the opportunity to have a fixed rate and a variable rate on their loan. This allows them to save money.
Interest Only Payments
Consumers who decide to get a Westpac Loan will have the opportunity of choosing to pay only the interest of the loan for one year. This is called paying the Interest in Advance. They must pay one year of interest at one time. If the customer is able to do this, they will receive a discount on their interest rate.
Automatic Bill Pay
It can be aggravating to have to mail in a payment or drive to the mortgage office to make a payment. Westpac offers its customers the option of having the payment deducted from their bank account every billing cycle. This is convenient for the customer and reduces the chances of lost mail or the payment not making it to the lender in time.
Being Self Employed Does Not Prevent Homeownership
Being self-employed is a dream come true for many people. They enjoy being their own boss and working on their own terms. But being self-employed can be a real headache when applying for a loan. Getting a Westpac Loan can be easy for the self-employed. All the consumer will need to do is provide proof of a business name that is registered and an Australian Business Number or an ABN. They will also have to sign a paper declaring their income.
Some homeowners like the option of being able to change their interest rate. Westpac offers this option by allowing the homeowner to change from a fixed rate to a variable rate after the term ends. They can decide to switch to a Westpac Variable Rate Investment Property Loan.
Extra Payments Can Help Lower A Loan
It is nice to think that you may be able to pay off your loan just a little sooner than expected. If you would like to make some extra payments you can. The lender will allow you to make up to $26,000 of extra payments for every fixed term that is on your loan. This can go a long way in shrinking your loan.
90 Days Before Lock In
Some lenders will want to lock in an interest rate before you even sign the agreement. Consumers will have the option of waiting up to 3 months before locking in any rates.
One of the most important features of the loan is that borrowers will have the opportunity to know that they will have a certain payment for however long that fixed rate exists. Most consumers can lock in their rate for up to 7 years and then they can extend it up to 12 years.
Related posts:
- Westpac Fixed Rate Investment Property Loan
- Westpac Fixed Rate Investment Property Loan Interest Only in Advance
- Westpac Fixed Rate Investment Loan
- Westpac Variable Rate Investment Property Loan
- Westpac Fixed Options Home Loan (2 Years)
- Commonwealth Bank Interest In Advance Fixed Rate Investment Home Loan
- ANZ Fixed Rate Home Loan (1 Year)
- Westpac Rocket Investment Loan
- Westpac Flexi First Option Investment Loan
- ING Fixed Rate Home Loan
Top Home Loans
| Home Loan | Details | Interest Rate (p.a.) | Comp Rate^ (p.a.) | App Fee / Ongoing Fee | Max LVR | Min & Max Borrowing | |
|---|---|---|---|---|---|---|---|
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