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Whether you're looking to purchase a new home or investment property or want to refinance an existing mortgage, the Pacific Mortgage Group (PMG) Standard Variable Home Loan could suit you if you’re after a basic low cost loan. The loan offers the flexibility to make extra repayments and a competitive rate that will cut the costs of your mortgage.
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Review by
Richard Whitten is a money editor at Finder, and has been covering home loans, property and personal finance for 6+ years. He has written for Yahoo Finance, Money Magazine and Homely; and has appeared on various radio shows nationwide. He holds a Certificate IV in mortgage broking and finance (RG 206) and a Tier 1 Generic Knowledge certification (RG 146).
The Pacific Mortgage Group Standard Variable Home Loan is available to those buying a home or investment property, or refinancing an existing home loan. This is a full documentation loan, so if you’re self-employed or a casual worker and can’t prove a steady income you may want to compare PMG's low doc home loan.
You can apply for the PMG Standard Variable Home Loan by speaking to your local mortgage broker or contacting Pacific Mortgage directly.
Please make sure you meet the following requirements:
You will also be required to have the following documents and information ready:
The PMG Standard Variable Home Loan delivers a competitive rate and features that may suit your specific needs. However, make sure to compare the home loans featured on our site today and choose a product that fits into your lifestyle and finances.
6 Comments
February 23, 2023
do you guys offer construction loans under any of the home loan products?
February 27, 2023
Hi Calvin,
Yes Pacific Mortgage Group do offer a construction loan. Feel free to contact them directly for more info!
cheers,
Sarah
May 29, 2016
what are the early termination fees? (e.g. at 2, 3 and 5 years)
May 30, 2016
Hi Peterxyz,
Thanks for the question.
Leaving any fixed rate home loan early will come with break fees. These are calculated using a couple of different factors and can vary by person to person because they calculate the fee using the swap rate at the time of locking your rate in. To get an accurate quote for these fees it’s best to contact Pacific Mortgage Group directly. If you wish to learn more about how the break fees might be calculated, you can check our guide to fixed-rate home loan break costs.
I hope this helps,
Marc.
March 15, 2015
Your table showing fees for the PMG Standard Variable Home Loan indicates the Legal Fee for this loan is $0. I assume this refers to the legal fees which PMG incurs which, under this loan, they will not pass on to the borrower.
Your section on fees for this loan indicates legal fees are one of the fees which can’t be avoided. Are you referring to the fees which the purchaser pays to their own solicitor/conveyancer?
March 16, 2015
Hi Mary,
Thanks for your question.
That’s correct, legal fees in this sense is referring to the fees that you pay to your solicitor/conveyancer.
Cheers,
Shirley