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From: Simon St John
Just received a very fancy flyer in the mail from Aussie Home Loans targeting property investors.
Thought others might be interested in the details of the product on offer and I'd be interested to hear what others think of it...
AUSSIE ASSET POWER
- Interest only (up to 20 year term)
- Interest rate is 30-Day bank bill rate PLUS 1.35% adjusted monthly. "To date investors have paid an average of 0.34% below Aussie's standard variable and even lower compared to the average of other banks")
- Guarantee that the interest rate will never be higher than their standard variable rate
- Can make payments above interest to reduce principal
- "With sufficient equity and cash flow (incl rental income) there's no maximum limit (!)
- Roll your existing home loan into Aussie Asset power if you wish (question: how to keep interest separate for tax purposes?)
- No, I don't work for Aussie!
Cheers, Simon
Just received a very fancy flyer in the mail from Aussie Home Loans targeting property investors.
Thought others might be interested in the details of the product on offer and I'd be interested to hear what others think of it...
AUSSIE ASSET POWER
- Interest only (up to 20 year term)
- Interest rate is 30-Day bank bill rate PLUS 1.35% adjusted monthly. "To date investors have paid an average of 0.34% below Aussie's standard variable and even lower compared to the average of other banks")
- Guarantee that the interest rate will never be higher than their standard variable rate
- Can make payments above interest to reduce principal
- "With sufficient equity and cash flow (incl rental income) there's no maximum limit (!)
- Roll your existing home loan into Aussie Asset power if you wish (question: how to keep interest separate for tax purposes?)
- No, I don't work for Aussie!
Cheers, Simon
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