Wealth Maximiser - Investor Assist
 Wealth Maximiser - Investor Assist is a specifically designed product that does just what the name implies, provides both an avenue for investors to maximise and enhance their investment portfolio as well as assisting them to better manage their cash flow.
How Does It Work?
Using two different lenders, this sophisticated yet simple loan is structured as follows:
Lender A:
Home Loan (Interest Only or Principal & Interest)
Investment Loan (Interest Only)
(Both loans are secured over the home property)
Lender B:
Investment Line of Credit (capitalising facility)
(LOC secured over the investment property)
The shortfall of funds between your investment income and outgoings can be capitalised so that you do not have to utilise your personal income to subsidise your investment costs. Rather, you can utilise your personal income for personal use, be it saving for a holiday, saving for further investment, or applying as much of it as possible to the repayment of your home loan. Investors who chose to capitalise their investment shortfall and are able to apply an additional amount from their personal income to the repayment of their home loan can repay their home loan faster making for a significant saving in interest.
Benefits of Wealth Maximiser - Investor Assist
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Better manage your cash flow - provides a buffer in case of vacancies or reduced dividend income.
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Capitalise the shortfall between investment income and outgoings.
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Utilise personal income for personal use (lifestyle or additional repayments to the home loan.
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WEALTH MAXIMISER INVESTOR ASSIST - Rates as at 28/01/09
| Home Investment Term Loans |
Rates |
Comparison Rate |
Variable
|
6.80% p.a
|
6.83% p.a
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Fixed 3 Years
|
6.45% p.a
|
6.73% p.a
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| Investment Line of Credit |
Rates |
Comparison Rate |
Variable Only ($345 annual fee)
Variable Only (no annual fee) |
6.95% p.a
7.10% p.a. |
N/A
N/A
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Initial Set-up Fees
Application Fee
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$350
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Valuation Fee
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As quoted on each property
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Lender's Legal Fees
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As quoted
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Contract Fee
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$150
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Product Features at a Glance
Minimum Loan Amount
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$150,000 |
Maximum Loan Amount
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$5,000,000 - Lender A (Home & Investment Loan)
$750,000 - Lender B (Investment Line of Credit) |
| Maximum LVR |
90% - Lender A (P&I accounts)
80% - Lender A (I/O accounts)
85% - Lender B |
| Loan Terms up to |
30 years
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| Interest Only up to |
10 years - Lender A
15 years - Lender B |
Fixed Rate options for up to
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5 years |
Online Account Management System
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Direct Debit
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Direct Salary Crediting
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Ability to switch between variable and fixed intereset rates (fee applies)
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Unrestricted Additional Repayments
(Fixed Rate - term portion max. $20,000 p.a. above normal repayments without break cost penalty).
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No repayments required until defined credit limit on Investment Line of Credit (Lender B) is reached.
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Loan is portable to another security property
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