Firstmac Home Loan Products
Firstmac Fixed Rate
Getting a fixed rate home loan from Firstmac gives borrowers a loan that does not change its interest rates. This rate can last for one to three years, enabling people to not need to worry about what the payments will be next month. Refinancing home loans for a fixed rate at Firstmac means no monthly fees and a maximum of 90% LVR. Options include repayment choices, interest-only or principal and interest payments and the money can be used for refinancing or investment property.
Firstmac Standard Variable Home Loan
The standard variable loan provides homeowners with an opportunity to get a lower interest rate loan upfront. The loan can be used for refinancing or investment properties. As much as 80% can be borrowed, or up to 90% with LMI. Interest only payments can be made for several years, or choose to pay principal and interest. Options include an offset account, split loan, making additional repayments, and redraw.
Firstmac Basic Vital
When homeowners need to refinance for a better deal, this variable rate loan could do the job. Borrowers can get up to 80% LVR, and the money can be used for refinancing or for an investment. The options include redraw, being able to make extra repayments, and choosing between interest only and principal and interest payments.
Firstmac VIP Package
When borrowers want more options when refinancing home loans, Firstmac offers the VIP package as the answer to those who want them. Discounts are given on the rates, which are variable, and also on the insurance. As much as 80% LVR can be borrowed on this mortgage, but up to 90% with LMI. Options include an offset account, redraw, split loan, fixed interest, and payments can be made as interest only or principal and interest.