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.
The Capricornian Access Equity does not offer tier pricing for lower LVR. With Access Equity, you can borrow upto $80% LVR.
80%
LVR
The Capricornian
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 The Capricornian Access Equity for home equity loan.
Paying pricinpal and interest
The Capricornian
Q&As
Does The Capricornian Access Equity comes with an offset account?
No, Access Equity does not come with an offset account.
While it does not have the convenient that comes with an offset account, but $Access Equity comes with a redraw facility. A redraw facility works similar to an offset account. If you put the same amount into home loan as extra repayments, your interest bill will reduce by the same amount, but still have access those extra funds if you need them later.
What are the costs to apply for The Capricornian Access Equity?
There is upfront costs of $600 to apply for Access Equity, with no ongoing account keeping fees.
- Application fee: $600
Are there costs when I exit or refinance to another lender?
The Capricornian charge a discharge fee of $600, 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 The Capricornian or a mortgage broker just to be sure. This information should be used as a guide only.