The AFE Home Loan offers an exclusive low variable rate loan of 6.11% to it’s WA customers.
The AFE Home Loan could be the ideal home loan for you if you are:
• A first home buyer
• Looking at renovating your home
• Refinancing and searching for a better loan or consolidating debt
• An investor looking to buy an investment property
Check out the detail – rates and fees
| Loan Amounts |
$50,000 to $2,000,000 Minimum of $25,000 in combination or split. |
| Interest Rate Type | Variable Rate Only |
| Term | 10 to 30 years |
| Repayment Type | Principal and Interest (amortising) or Interest only up to 5 years |
| Combinations and Splits | Can split advantage rate up to 4 accounts (will consider more) or combine with Fixed Rate Loan or Line of Credit loans |
| Repayment Options | Direct Debit either monthly or fortnightly Salary crediting Internet or telephone transfers from pre-nominated account for additional repayments |
| Additional Repayments | Allowable with no limit on variable rate loans |
| Redraw Facility | No minimum redraws via Internet or telephone banking to pre-nominated account |
| Withdrawals | Cash withdrawals not available other than electronic transfers as above |
| Salary Crediting? | Yes |
| Ability to Switch | Can switch all or part of loan limit to another product |
| Statement Issued | P&I Quarterly, I/O Monthly |
| Other Fees | Nil |
| Substitution | Can substitue security within loan limit |
PROPERTY & HOME LOAN NEWS
- RBA Leaves Cash Rate at 4.75 Percent
April 19, 2011 | 10:47 pmThe Reserve Bank of Australia left the official cash rate at 4.75 percent at the April board meeting. The RBA said that the non-movement of the cash rate is due to the strong prices of commodities and the increase in private investments.
- Mortgage Refinance Essentials
April 8, 2011 | 5:39 amHome loan refinancing can cut your interest rates, combine your debts into one account and get you a better loan deal. Before deciding whether or not to refinance, you must be sure that refinancing will give you more financial benefits and rewards than your current loan.
- No Guarantee of Lower Mortgages
March 21, 2011 | 2:54 amThere is no guarantee that mortgage rates will decrease in the near future, there is no concrete way that interest rates will go down due to the banking reforms that the government will introduce.
-
Archive for PROPERTY & HOME LOAN NEWS »
