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- Mortgage Breaker Investor Special (QLD only)
Mortgage Breaker Investor Special (QLD only)
- Investor
- Variable
- 40% min deposit
- P&I
Interest rate p.a.
6.54%
Comparison rate* p.a.
6.61%
Mortgage Breaker Investor Special (QLD only)
- Investor
- Variable
- 40% min deposit
- P&I
Interest rate p.a.
6.54%
Comparison rate* p.a.
6.61%
RACQ Bank Variable Rate Home Loan overview
For Mortgage Breaker Investment Loan Special (QLD only) (Principal and Interest) (LVR < 60%)
No owner occupier products available
Details
Maximum LVR
60%
Total repayments
Interest rate type
Variable
Borrowing range
$20k - $100m
Suitable for
Investors
Loan term range
1 - 30 years
Repayment type
Principal and Interest
Applicable states
QLD
Repayment options
Fortnightly, Monthly, Weekly
Target Market Determination
Visit RACQ Bank to view Target Market Determination.
Features
Extra repayments
Unlimited
Redraw facility
Redraw fee: $0
Offset account
Split interest facility
Loan portability
Repayment holiday available
Allow guarantors
Available for first home buyers
Other benefits
Fees
Total estimated upfront fees
$900
Application fee
$900
Legal fee
$0
Valuation fee
$0
Settlement fee
$0
Other upfront fee
$0
Ongoing fee
$0
Discharge fee
$165
Pros and Cons
For Mortgage Breaker Investor Special (QLD only)
Benefits
- Interest rates ranked in the best 20%
- No ongoing fees
- 100% full offset account
- Parents can sign as guarantor
- Extra repayments and redraw facility
- Free redraw facility
- Split account option
Drawbacks
- Higher than average upfront fee
- Discharge fee at end of loan
- Maximum loan amount is limited to 60% of the property's value
