Help your clients save time, energy, and money with our Combo Loan offer - combining one commercial security, and one or more residential securities. Plus they can enjoy the added benefit of having a single point of contact through to settlement.
This $990 reduced fee offer covers:
- Residential establishment fee (typically $650)
- Commercial establishment fee (typically 0.95% loan amount).
- Residential valuation fee
- Legal fees for commercial and residential loans*
- Supplemental fees still payable include legal disbursements, $450 settlement fee, commercial title insurance, lease review fee, commercial valuation fee.
* If above standard legal fees are accrued, cost to be met by applicant
Learn more here
Recently settled Combo Loan:
We helped our self-employed client restructure their debt, providing equity out to assist with business development and purchase the property he operated out of, saving $30,000 in total fees!
Combining commercial, residential and equity release
Sunshine Coast, QLD | $4,000,000 | 60% LVR | 30 years P&I
- The borrower was self-employed in the manufacturing industry and lived in the semi-detached house above the commercial premises he sought to purchase.
- With our Combo Loan offer, the borrower only paid a $990 flat fee for both loans combined. This saved the borrower up to $30,000 in fees and charges.
- As we were able to consolidate and restructure the borrowers' debts, we could also provide cash out for future business development.
- Our Mid Doc option allowed us to verify serviceability using an Income Self Certification and an Accountants certificate.
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