Ratings
LVR options
LVR is an acronym for Loan-To-Value Ratio. The LVR is the amount you are borrowing against the property value being used as security, represented as a percentage.
LCU Intelligent Mortgage does not offer tier pricing for lower LVR. With Intelligent Mortgage, you can borrow upto $80% LVR.
80%
LVR
LCU
Repayment options
Interest only loans have traditionally been tailored to investors so they can reduce their mortgage repayments and maximise their tax benefits and overall return on investment (ROI). However, getting home loan with interest only (IO) has its place and some lenders are willing to consider your application if you can provide valid reasons.
Interest only repayment option is not available with LCU Intelligent Mortgage for refinance.
Paying pricinpal and interest
LCU
Q&As
Does LCU Intelligent Mortgage comes with an offset account?
Yes, Intelligent Mortgage comes with a 100% offset account.
A 100% offset account is an account linked to your home loan where you can park your savings and spare cash to reduce the interest you pay. Then, when interest is calculated on your home loan, the balance in your offset account is deducted from the loan amount owing, and interest is only charged on what remains.
What are the costs to apply for LCU Intelligent Mortgage?
There is upfront costs of $937 to apply for Intelligent Mortgage, with no ongoing account keeping fees.
- Application fee: $200
- Valuation fee: $350
- Settlement fee: $77
- Legal fee: $310
Are there costs when I exit or refinance to another lender?
LCU charge a discharge fee of $200, which covers the cost for removing the mortgage that has been registered on the title of your property.
IMPORTANT: Lenders change their policy from time to time so this information is current only accurate at the time that it was written. You should always check with LCU or a mortgage broker just to be sure. This information should be used as a guide only.