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REVERSE INTEREST MORTGAGE PROGRAM |
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Imagine getting paid a bonus |
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Say goodbye to interest rate rises If you hold a mortgage of say $300,000, a rate rise of .25%pa will cost you about $19,686 over the 30 years loan term. Introduce just one person to the Reverse Interest Home Loan Program and you are effectively about $46,000 better off (1st introduction). how it works As long as you have a home loan, whenever you refer someone and they take out a Reverse Interest Home Loan, every month, you'll have a bonus paid into your mortgage equal to 0.2%pa of the referred persons outstanding loan balance monthly in arrears. If you maintain the loan repayments required by your lender, these are the gains you can make.
On an average home loan of $300,000,
for the first person introduced, that represents a saving for you of
just over $66,000 and almost 3 years off your normal 30 year
mortgage term. Alternatively, you could chose to reduce your regular
mortgage payments. |
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make it happen To reverse your interest payments, all you need to do is give us a call and discuss your needs and find out how the Reverse Interest Loan Program might work for you. The Reverse Interest Home Loan is available Australia wide. Please note: Calculations used are based around a full document/verification loan amount of $300,000 at a rate of 9.2%pa standard variable (comparison rate 9.28%pa). Loan term is calculated as 30 years from the time the Reverse Interest Home Loan is taken out. All figures are indicative and should not be relied upon. Finance is to approved persons and fees and conditions apply. We recommend that anyone considering a home loan should obtain independent legal advice. The Reverse Interest Home Loan Program is a collection of loans under the banner Reverse Interest Home Loans Program. Information as at 1st April 2008. |
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AUSTRALIAN HOME LOAN FINANCIAL SERVICES |