Pacific Mortgage Group Line of Credit Home Loan Review | Finder

Pacific Mortgage Group Line of Credit Home Loan

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Opening a line of credit home loan gives you full access to your funding needs, allowing you to purchase what you need for your home or investment when you need it.

With the Pacific Mortgage Group (PMG) Line of Credit Home Loan you can access the equity in your home to finance your lifestyle or other investments. Line of credit home loans are flexible and allow borrowers to borrow and repay funds when they wish. The PMG Line of Credit Home Loan offers a competitive rate, flexible access and a number of other features which help to reduce costs and increase accessibility.

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This product is no longer available. Information on this page is not up to date and may not reflect accurate product information. You can find PMG's current mortgage offers. here.

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Details

Pros & Cons

Pros

  • No application fee,settlement fee and discharge feeYou can split your loan to keep personal and investment funds separate

Cons

  • Not available for investorNo offset account

About this loan

Features of the PMG Line of Credit Home Loan

  • Loan amount. Borrowers have the opportunity to secure up to $2 million, giving you the opportunity to use funds for expensive purchases such as property.
  • Loan-to-Value Ratio (LVR). For a metro loan of up to $1 million you can borrow up to 90% of the value of the property. For smaller loans up to $750,000, you're able to borrow up to 95% LVR.
  • Minimum deposit towards the property. To qualify for this line of credit, you should have at least 5% of the value of the property readily available.
  • Loan terms. You can opt to have this loan for a period of five to 30 years.
  • Repayments. You have the option of making principal and interest payments or interest-only. Borrowers may also choose if the repayments will be made weekly, fortnightly or monthly.
  • Repayment methods. You can have your repayments debited directly from your account or from your salary.
  • Redraw availability. One day after the start of the loan, you are entitled to redraw an unlimited amount of available funds at no cost.

How to apply

Home Loan Offers

Important Information*
Logo for Westpac Flexi First Option Home Loan - Basic Variable Rate (Owner Occupier, P&I)
Westpac Flexi First Option Home Loan - Basic Variable Rate (Owner Occupier, P&I)

Up to $3,000 refinance cashback. A flexible and competitive variable rate loan. Eligible borrowers refinancing $250,000 or more can get $2,000 cashback per property plus a bonus $1,000 for their first application. Other conditions apply.

Logo for St.George Basic Home Loan - LVR 60% to 80% (Owner Occupier, P&I)
St.George Basic Home Loan - LVR 60% to 80% (Owner Occupier, P&I)

Up to $4,000 refinance cashback With this competitive variable rate loan from St.George, refinancers borrowing $250,000+ can get up to $4,000 cashback and borrow up to 80% of the property's value (terms, conditions & exclusions apply).

Logo for Athena Liberate Home Loan - 70% to 80% LVR Owner Occupier, P&I
Athena Liberate Home Loan - 70% to 80% LVR Owner Occupier, P&I

A competitive variable rate mortgage for owner occupiers $0 application and $0 ongoing fees. This interest rate falls over time as you pay off the loan.

Logo for Suncorp Back to Basics Home Loan - Better Together Special Offer $150k+ LVR ≤ 80% (Owner Occupier, P&I)
Suncorp Back to Basics Home Loan - Better Together Special Offer $150k+ LVR ≤ 80% (Owner Occupier, P&I)

Get a competitive variable interest rate with no application fee or ongoing fees.

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