Check the fit and see your fee
Enter the property, what your client needs in hand and the brokerage you want. You will see straight away whether it fits, what your client receives, and what you will be paid: at settlement, with no clawbacks.
This scenario fits
Your client receives
$500,000
in hand, at settlement
This includes 4 months of capitalised interest. Fewer months of capitalised interest lowers the cost of the loan. Your client can always pay interest monthly for as long as they like.
Your brokerage fee will be
$11,694
Paid to you at settlement, with no clawbacks.
Indicative only, and not an offer of credit. Every application is subject to assessment and approval. All HomeSec lending is wholly for business or investment purposes and is not regulated by the NCCP Act.
What to have in front of you
- The security and what is already owed against it. We lend up to 80% of value on residential and 70% on commercial, counting existing debt. Large acreage and vacant land are assessed on their own limits.
- The purpose. It has to be a genuine business or commercial investment purpose.
- The exit. A contract of sale, a refinance in progress or a trade debtor with a date beats an intention, and it is usually what decides how fast the file moves.
Every file is priced individually. Send the scenario and a Lending Manager will come back with a real number, usually the same day — how that works, or call 1300 93 83 87, Mon–Fri, 8:30am – 5:30pm Melbourne time.
Reviewed by Paul Stone, Joint Chief Executive