Well Money Equity Plus
The Equity Plus loan from Well Money has a low rate and a 100% offset account, but you need a 40% deposit.
Looking for a low variable rate loan with a 100% offset account? If you have a big enough deposit, the Equity Plus loan could be for you.
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).
This is a great loan for refinancers because the interest rate is low, there's an offset account and you need to have either a large deposit or a big chunk of your mortgage already paid off. If you don't have a 40% deposit saved, you'd better look elsewhere.
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About this loan
What are the features and benefits of the Well Money fixed rate home loan?
- Deposit size. With this loan you can only borrow up to 60% of your property's value.
- Loan amount. The Equity Plus Home Loan lets you borrow up to $2,000,000, with a minimum loan size of $200,000. This should cover most Australian buyers.
- Offset account. The addition of a 100% offset account lets you save money while minimising your interest charges.
How to apply
To start an application or get more information, hit the green button and follow the steps to speak to a mortgage specialist from Well Money.