State Custodians Mortgage company (SCMC) provides residential home loan products and solutions to everyday Australians. SCMC is a 100% Australian owned securitised non- bank lender. Whether you are a first home buyer or simply refinancing, SCMC home loan products are flexible and can be customised to suit your personal and lifestyle requirements. By cutting out on broker and third party services SCMC are able to offer their customers arguably the lowest interest rates in Australia. SCMC is also heavily awarded having received the prestigious award for 2011 Non bank lender of the year in the Australian Consumer Finance Awards together with a handful of other industry awards.
- Total Repayments
- Initial Rate
- Ongoing Rate
- Comparison Rate
- Rate Type
- Ongoing Fees
- Ongoing fees after intro/fixed period
- Application Fees
- Max LVR
- Break Fees
This home loan feature offers the ability to have a portion of the loan charged at a fixed rate of interest and the balance attracts a variable rate of interest (eg 30% fixed and 70% variable)
Regular additional payments allowed as in weekly or fortnightly
Additional bulk repayment allowed, usually on an ad hoc basis
Is this loan available for construction purposes?
A mortgage that allows you to release one home and substitute another using the same documentation, usually to reduce stamp duty costs.
The interest is charged only on the amount that is progressively drawn
A redraw facility gives you the flexibility to put more money towards the loan when you have cash available, whilst knowing you can access your extra repayments later on if you wish to.
Product is restricted to First Home Buyers!
Does this loan allow for a partial or full offset deposit account facility?
Does this loan allow for full offset?
Mortgages with an introductory rate usually offer a discounted interest rate for an introductory period. Be sure to check what the revert rate is so you don't get stung by an unexpected interest rate rise.
Reverse mortgages are typically available to seniors who convert the equity from their home into cash. The money obtained through a reverse mortgage is usually used to provide people with financial security in their retirement years.
This type of loan can be like an overdraft facility that is secured against your existing property, where interest is charged only on what you have used and is charged to your account on a monthly basis.
Low doc loans and are a type of mortgage that is available for borrowers who cannot prove their income and cannot provide all of the regular paperwork required for standard home loans such as tax returns and pay slips.