Borrowing More Money

If you are borrowing more than $300,000 - or with some lenders, even from $150,000, the options you have in terms of discounted interest rates and flexibility in loan terms starts to increase. The more you borrow, typically the better interest rate terms you can negotiate. Be aware also that even as higher borrowings might buy you a better interest rate, there is still no point in paying fees for options you don't need, no matter how much you borrow. Options often relate more to your circumstance, finance structures and lifestyle than the amount of money you borrow. Always consider these carefully as well.

you can get up to .92% off

X Inc has at least one lender, Economy Home Loans who offers around .92% off the mainstream standard variable interest rate if you are borrowing more than $300,000. It is a reasonably flexible home loan which also rewards your loyalty with a rate drop of an extra 0.1% off the final variable rate after five years. Talk to your X Inc mortgage broker about the option that would best suit you.

Major Lenders are not the same

Until January 2008, major lenders offered pretty much the same standard variable interest rate. That is no longer the case, with up to .2% difference between lenders. Make sure you check with your mortgage broker who exactly what rate is being offered and by who.

borrowing more than $1,000,000

If you are borrowing more than $1,000,000 talk to your X Inc mortgage broker about negotiating further discounted rates and fees. Don't forget to outline your entire borrowings portfolio when you meet with a broker as your negotiating power is may well be increased if you have other loans, assets and opportunity.

More Information or comparison

If you would like to talk to us confidentially about your options, email us the form below or call at any time on 13 XINC (13 9462) or direct on +61 2 9018 8417 and we will return your call within 2 business hours.

Traditionally, people borrowing more than $300,000 have been offered 'Professional Packs' by lenders. The range of professional packages on offer is very broad. Different lenders offer different features and rates, generally according to the amount you are borrowing and the loan structure. To find out more about what is on offer and how they work, go to our professional packages page.

Introductory, honeymoon and Basic Loans

If you don't need the flexibility of a professional package or aren't prepared to pay the extra fees, these days there are many other options that may make perfect sense for your situation - some of which are surprisingly flexible. To find out more, talk to a local mortgage broker or go to the page that best suits your situation:

Equity Finance Mortgage (EFM)

If you want to buy a property that is more than you can afford, you might want to consider an Equity Finance Mortgage. An Equity Finance Mortgage (EFM) is a new type of home loan that effectively boosts your potential borrowing capacity by anything up to 25%. It has been launched in Sydney and Melbourne and at the moment is available through one lender. You can find out more about it, go to our page on Equity Finance Mortgages.