Reduce Home Loans
Capitalizer Home Loan
7.39%
Interest rate
7.43%
Comparison rate
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.
An LVR of 90% is a high risk, whereas an LVR of 80% or less is considered safe by most lenders. The majority of lenders will require you to pay Lenders Mortgage Insurance (LMI) if you borrow over 80% LVR.
80%
LVR
Reduce Home Loans
90%
LVR
Reduce Home Loans
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 Reduce Home Loans Capitalizer Home Loan for first home buyer.
Paying pricinpal and interest
Reduce Home Loans
Q&As
Does Reduce Home Loans Capitalizer Home Loan comes with an offset account?
No, Capitalizer Home Loan does not come with an offset account.
Generally speaking, variable home loans without offset accounts are often called basic or 'no-frills' loans, you get lower account-keeping fees and lower interest rate for your home loan. In some cases a basic home loan can actually be cost efficient than a 100% offset account.
What are the costs to apply for Reduce Home Loans Capitalizer Home Loan?
There is upfront costs of $830 to apply for Capitalizer Home Loan, with no ongoing account keeping fees.
- Valuation fee: $250
- Settlement fee: $250
- Legal fee: $330
Are there costs when I exit or refinance to another lender?
Reduce Home Loans charge a discharge fee of $895, 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 Reduce Home Loans or a mortgage broker just to be sure. This information should be used as a guide only.