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RESIDENTIAL AND COMMERCIAL MORTGAGE
Discover has access to over 500 different loans from which we discover the most appropriate residential or commercial finance and tailor it to your personal circumstances and strategic financial plans. Discover teams up with you to find a personalized solution. Everyday there are new loans and terms available, and we find the best one for you.
We've explained some terms for you, to help you work out better what loan would suit you.
Fill in an enquiry form and discuss your requirements with one of our experienced team. Discover More Now.
Standard Variable Loan
Very popular as this type of loan offers flexibility and comparatively low rates.
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Follows official fixed rates and is often below fixed rates |
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Make extra payments |
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Offset and Line of Credit Facilities |
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Refinance and Consolidation |
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High Lend (L.V.R.) Up to 106% with clear credit and proof of income |
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Suitable for all types of borrowers - 1st home owners and Investors |
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BUT is susceptible to interest rate rises! |
Fixed Rate
Great for budgeting home owners or the more cautious investor as you "lock" in rate and repayments for a fixed period.
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Rate locked in for up to five years |
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Protected form increases in Interest Rates |
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A variety of attractive low rate deals are usually available |
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BUT extra payments may be limited or not allowed |
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Early repayment costs may apply |
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No benefit if interest rates decrease |
Did you know you can split your loan by fixing part of your loan at a fixed rate and have the other part at a variable rate?
Lo Doc AND No Doc Home Loan
These types of loans were originally designed for the Self Employed who held an ABN for two years or more and limited or no financials or those who seek maximum privacy.
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Low verification or proof of income - No Tax Returns required |
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Ideal for the Self Employed, Contract or Seasonal Worker |
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Line of Credit and Fixed Rates available |
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BUT a lower L.V.R. |
A higher rate may apply
100% Home Loan
Suitable if you haven't managed to save for a deposit but can cover the costs of Stamp Duty and Legal Fees.
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Identical options to a Standard Home Loan |
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Little or No Deposit |
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Flexible Repayment Options |
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Offset, Redraw and Professional Pack features available |
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Benefit from growth in the Property Market |
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Suitable for PAYG and the Self Employed |
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BUT The higher the borrow, the higher the repayment |
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Mortgage Insurance in mandatory |
106% Home Loan
Allows you to borrow the full purchase price and the extra to pay for Stamp Duty and Legal Fees. Any surplus funds may be used to consolidate other debts into the home loan e.g. Credit Cards and Personal Loans.
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No Deposit required |
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Surplus Funds refunded to borrower |
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Similar features to the Standard Home Loan |
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Benefit from growth in the Property Market |
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Suitable for PAYG and the Self Employed |
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BUT There are minimum income requirements |
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Must have clear credit history and stable employment history |
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High borrow, higher repayment AND |
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Mandatory Mortgage Insurance at a higher premium |
Construction Home Loan
Build the house of your dreams with one of these loans! Generally Interest Only until completion and are suitable for both Personal and Investment use. The loan is drawn down at certain stages through the building process, with the first draw down used to cover the cost of the land. The loan amount is calculated on the combined value of the land and the estimated value of the house and land package.
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Up to 100% Construction Finance Available |
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Competitive Rates |
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Pay Interest Only on the amount drawn down at any one time |
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BUT Loan features may not be suitable once construction is finished |
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Loan not fully advance upon settlement of Land |
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80%+ LO DOC HOME LOAN
We can access Lo-doc product that is designed for the self-employed, companies and trusts who have had an ABN registered for 2 years or more (GST registered at the time of application) and are not able or do not wish to produce full financials. Your self-certified net income will need to be supported by providing 6 months mortgage or rental statements. For loans above 80% LVR, you will need to provide 1 months personal and/or business statements.*
Call Discover Finance now and ask how we can help you!
* Conditions apply. Please contact Discover for more details. Information current as at 1/08/07 |
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Equity Release (Reverse)
If you’re a homeowner over 60 years of age you can now easily access the dormant equity you have worked hard to buildup in your home. Doing this means that you have available funds to better manage your future. We provide you with free access to a financial planner, to better inform you of your options, before you make this important decision. |
Commercial Finance
We investigate many options to fund your expansion or replacement equipment, from short term bridging finance to longer term options.
BUSINESS EQUIPMENT
Our clients tell us that banks make it so hard for the small to medium businessperson to access the necessary equipment to stay competitive in today’s business climate.
At Discover, we make it simple.
We investigate many options to fund your expansion or replacement equipment, from short tern bridging finance to longer term options.
Talk to our experienced consultants today. Fill in the enquiry form and Discover the Difference. |
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Contact your personal consultant to discuss you requirements
and how we can help.
Call at 1300 853 755 to apply :
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