HOMEPAY COSTRUCTION LOANS
HomePay provides a specialized construction loan facility with unique and distinctive features for prospective homeowners looking to build a new property either to live in or for investment purposes.
HomePay is very different in its design from other loan programs and stands apart due to the following special features:
- 12 MONTHS FULL DEFERRAL OF MORTGAGE REPAYMENTS FOR BOTH LAND AND BUILDING LOANS.
- IF CONSTRUCTION IS FINALISED WITHIN 12 MONTHS THERE IS ALSO THE ADVANTAGE OF SUSPENDING REPAYMENTS FOR THE REMAINDER OF THAT PERIOD.
- ALL ACCREDITED BUILDERS ARE REQUIRED TO SUCCESSFULLY COMPLETE A COMPREHENSIVE AUDITING PROCESS.
ADDITIONAL FEATURES:
- Loan amount - Max Borrower Exposure $7,500,000.
- Loan terms - 360 months, 12 months for construction.
- Repay options - P&I after construction or 12 months Interest only.
- LVR up to 92% - Fixed or variable interest rates.
- Redraw - Available after final draw down (on completed construction).
- Offset account - 100% available (on completed construction).
- Weekly, fortnightly or monthly repayments.
- Visa debit card - available for Australian residents only.
NON - RESIDENTS, EXPATRIATES
Every year a diverse group of Foreign Nationals, Australian Expats and Temporary Residents participate in the Australian real estate market.
Prime has a dedicated team of qualified multilingual professionals with extensive experience in arranging loan facilities for international borrowers helping them successfully complete their desired property purchases.
Our range of Lending Programs is designed to enable applicants to acquire:
- RESIDENTIAL PROPERTIES encompassing new houses, town houses, apartments.
Key Features:
- LVR up to 85%
- Loan amounts up to $3,000,000.
- Loan Terms 359 months P&I or with option of first 60 months interest only.
- Competitive interest rates based on LVR & loan amounts.
- 100% offset account.
- Flexible lump sum repayments.
- Weekly, Fortnightly or Monthly repayments.
- Unlimited Internet access.
HOUSE AND LAND CONSTRUCTION Projects utilizing our UNIQUE and INNOVATIVE HOMEPAY loan program.
Key Features:
- 12 months full deferral of mortgage repayments on land and building loans.
- Loan amounts up to $3,000,000.
- LVR up to 80% with competitive interest rates.
- Unlimited internet access.
- Comprehensive auditing of only approved builders.
SELF MANAGED SUPER FUND LOANS
If you have an existing Self Managed Super Fund (SMSF) or are in the process of establishing one, now could be the time for you to consider investing in residential real estate property.
PRIME has CPA qualified staff with specific experience in structuring (SMSF) Loans and are available to discuss any questions you may have in regard to this type of finance.
THE KEY FACTS AND PRODUCT FEATURES INCLUDE:
- Loan Purpose: Purchase & Refinance
- Loan Reason: Investment
- Max. Loan amount: $3,500,000
- Max. LVR: 90%
- Loan Term: 359 months
- Max. Interest Only: 60 months
- Offset: 100% offset account
- Split Loans: Available
- Max. Borrower Exposure: $10,000,000
- Extra Repayments: Up to $20,000 p.a (fixed Rate); Unlimited (variable Rate)
Borrower Categories:
PRIME STANDARD HOME LOAN
With more than three decades of experience in mortgage lending and management, it has given PRIME a wealth of industry knowledge enabling us to deliver high quality products and services to present and future clients.
Loans are available for the purchase, refinance or construction of residential properties in all States and Territories of Australia.
OPTIONS & KEY FEATURES OF OUR HOME LOAN PRODUCTS:
- Loan terms to 30 years with initial 5 years interest only.
- Up to $3,000,000 loan amounts.
- Loan LVR up to 95% (Investment 90%)
- Variable or Fixed interest rates with NO BREAK costs after 3 years.
- Competitive interest rates based on loan amounts and LVR.
- Weekly, fortnightly or monthly repayments.
- Lump sum payments and redraw arrangements.
- Unlimited Internet Access.
- Visa debit card.
