Low Rate Home Loans - Compare Flexible Mortgage Interest Equity Refinance Investment Australia

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Home Loans

At Rate Star there are 2 product types: housing loans (available as principal and interest, interest only for 2, 3, 5 or 10 years) and lines of credit (interest only for the first 15 years, converting to principal and interest).

Construction is an option on all loan products with the exception of line of credit and non-resident loans.

One loan may be split into a maximum of four accounts. To assist with taxation returns, each account receives an individual statement. Each account can vary in product type and/or repayment options

Flexible Plus Home Loan
The Rate Star Flexible Plus Home Loan is suitable for most clientele. Clients receive a reduced interest rate in exchange for an annual fee. As the amount of the home loan increases, the trade-off between a lower interest rate and the fixed annual fee amount becomes more attractive. Available for owner occupier or investment property purchases, construction, refinancing existing residential home loans and refinancing of investment or business loans. Verification of income is required by way of income statements or business financials.

Flexible Home Loan
The Rate Star Flexible Home Loan is suitable for most clientele. Available for owner occupier or investment property purchases, construction, refinancing existing residential home loans and refinancing of investment or business loans. Verification of income is required by way of income statements or business financials.

Line of Credit Home Loan
The Rate Star Line of Credit Home Loan facility is similar to an overdraft facility or credit card account, except that both principal and interest are repaid over time in regular installments. This loan product can be set up either as split off the side of a Flexible or Flexible Plus home loan, or as a stand alone home loan. Line of Credit Home loans are available for owner occupier or investment property purchases, refinancing existing residential home loans and refinancing of investment or business loans.

Low Documentation Home Loan
The Rate Star Low Documentation Home Loan is suitable for self employed applicants who can not supply income verification documentation to support their application. A Minimum self-employment period of 2 years is required and home loans are available for owner occupier or investment property purchases, construction, refinancing existing residential home loans and refinancing of investment or business loans.

Equity Home Loan
The Rate Star Equity Home Loan is suitable for self employed applicants who can not supply income verification documentation to support their application. There is no minimum net asset position required and no minimum self-employment period. Available for owner occupier or investment property purchases, construction, refinancing existing residential home loans and refinancing of investment or business loans.