40 Year Home Loans
Home loan applicants are now able to consider an increased
maximum loan term for home and investment loan products from one of
our mainstream lenders. Where the traditional maximum home loan has
usually been limited to 30 years this lender has now extended the
maximum term to 40 Years.
The 40 year loan term is available across ALL their residential
mortgage loan products except for Low Doc loans.
The all new 40 year home loan terms are offered with:
x No additional Fees
x No Interest Rate Loading
x No Increase in Lenders Mortgage Insurance
Why would you wish to consider a 40 Year Loan Term?
Increase Borrowing Capacity
e.g. A single applicant with a annual income of $70,000 can increase their maximum borrowing capacity by over $25,000 with the new 40 year term.
Reduce the Minimum Monthly Repayments
e.g. On a $300,000 mortgage the 40 year term can reduce the
minimum monthly repayment by over $125.
In addition to this lenders 100% lend / no deposit feature, great
range of home loan products, and reduced application fees, the 40
year loan term is another way of providing solutions to meet the
different needs of our customers.
Call Wes Smith from Ability Finance on
02 8002 4035 now for more information.