Terms & Conditions
IMPORTANT INFORMATION
Interest Cost
2.39% over our Cost of Funds rate of the relevant currency*
* Rates are normally floating, based on a 3-month period
Minimum loan
USD400,000 - or currency equivalent
Loan term
Up to 30 years term or up to 70 years of age, whichever is earlier.
Financing
Normally maximum 60% of purchase price or valuation without currency switching*** 5% lower with currency switching options (Certain Restrictions Apply...See FAQS for additional information).
Arrangement fee
Calculated as a percentage of the loan amount and payable upon acceptance of our formal offer letter and is non-refundable. 1%
Commitment fee
0.3% of the loan amount upon acceptance of our formal offer letter and is non-refundable.
Origination fee
Calculated as 1.5% percentage of the loan amount.
Legal fees
For client's account (both the borrower's and the bank's legal fees). Valuation fee, stamp duties, communication charges and building insurance for client's account.
Corporate/trust borrower handling fee
0.25% of the loan amount for clients who borrow via a company or trust structure, payable upon acceptance of our formal offer letter and is non-refundable.
Currency switching
When currency options are offered, two free switches per calendar year. $150 per switch thereafter.
Security
First legal charge or mortgage over the property.
Rental
No additional charges or increase in interest rate.
Repayment
Quarterly in arrears.
Early Repayment
No penalties for prepayment and early repayment should normally coincide with the interest rollover date.
Interest rates, mortgage program terms
and conditions are subject to
change without notice. Loans are subject to review and approval. Please
refer to the Disclaimer for further information on our disclaimer
policies.
***Max LTV for properties located in CA, FL, NV, and OR is 50%. Minimum down payment is 50%
