Connective Select is making it easier to refinance home loan lending into its fully featured, signature 100% offset loan that remains very popular with borrowers.
Why consider refinancing your clients into a Connective Select home loan product:
- Improved processing experience (reduced support documentation).
- No Processing or Settlement fees (valued at $498) on new application business for standard owner-occupied P&I sub 80% LVR lending. Available on both variable and fixed rates (not including construction or bridging finance).
- No annual loan fees.
- The first valuation fee expense is free and or where multiple securities valued in single application - highest valuation expense is waived.
- From the beginning of February, improved servicing capacity to help maximise potential borrowings.
- Reduced shading applied to rental income to 10% for new and existing rental properties (cat 1, 2 & 3 locations only)
- Electronic documents for settlement (MSA – Digidocs)
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Competitive "Cash out" parameters to access property equity:
- Any loan with LMI - Maximum cash out $100,000 (Helia requirements must also be met).
- < $500,000 and < 80% LVR - Submission commentary only
- > $500,000 and < 80% LVR - Submission commentary and supporting verifications to demonstrate intended use of funds.
Please contact your Connective Home Loans BDM for further information or help with a scenario.
