Professional Home Loan Packages
Professional Brisbane Mortgages are available from a range of home loan lenders.
Also known as Pro packs, this is a loan where by you can bundle financial products together and save on interest rates. Talk to your mortgage broker about whether this is suitable for you. Mortgage lenders want low risk borrowers, and so if you are a high income earner and/or have substantial personal assets, you can get a great rate on your home mortgage. Once only marketed to certain professionals, now these loans are offered to low-risk borrowers in a wide variety of occupations. Lower interest rates are offered with pro-packs, usually up to 0.5% lower than the rate on a standard variable or fixed rate loan. This discount may be even more if the size of the loan is very large. Most lenders will require you to bundle all your financial products and services together, so your credit cards, personal loans, insurance etc will be together with your real estate financing. You may have to pay an annual fee to use a pro-pack but you will receive discounts on your financial accounts.
The big attraction is that the lower interest rates save customers considerably on their home mortgage. Discounts on other banking products can also apply, for example savings on your credit cards. Bundling all your financial products into a professional package will give you greater discounts and the convenience of all you accounts in one place.
However, as your home loan will make up the biggest component, lenders will require your loan to be over a certain limit. There is also usually an annual fee on pro-pack accounts, around $300 per year. This type of loan is usually aimed towards high income earners and customers with substantial personal assets.
If you believe that you qualify for this type of lending, or you want to know more about professional packages and the savings that are on offer, call Your Local Brisbane Mortgage Broker today on
or submit an on line enquiry.