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Creating Wealth
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Buying and selling property can be a great way to create wealth. Property price increases allow you to do many things. You can sell at the peak of the market for considerably more than you bought and make a lump sum profit, or you can use the increased equity to purchase other assets such as rental property or shares, or to splurge on a new car or holiday.
Whatever you decide, property can be a great investment. But like all investments, make an informed decision, don’t rush, and make sure you can afford it not only now, but if conditions (like interest rates) change.
Big Sky has various mortgage loan options to assist with your investment:
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Standard Variable Loan
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Big Sky’s Standard Variable Loan product has features to make your investment loan easy to manage. The 100% Offset account and redraw facility ensure any extra contributions you make can be accessed at your convenience. No monthly fees and a honeymoon rate make this loan ideal if you are buying a new home or refinancing an existing loan.
Talk to us about how Big Sky’s Standard Variable Loan can be structured to suit your individual needs.
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Features – Standard Variable Loan
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|  | | | | | | | | | | | | | | | | | Fixed rate option (up to 5 years)
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| | | | | | Flexible repayment options
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| | Free internet & telephone banking
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| | Loan term (up to) 30 years
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| | Optional cover to protect you in the event
of accident, illness or unemployment
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Click here to view the current interest rates
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Apply here or call 1300 654 321 to apply over the phone.
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100% Offset Account
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An Offset account can significantly reduce the amount of interest expense and the term of the loan. You can access your funds after transferring them to your at-call account via telephone or internet banking. The advantage is that while the balance is greater than $500, it is offset against the loan balance.
For example, you may have a home loan balance of $100,000 and an Offset account balance of $15,000. Big Sky will calculate the interest charge as if the outstanding home loan balance was $85,000. This may reduce the overall cost and term of the loan.
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Easy Access Loan
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Big Sky’s Easy Access Loan offers many of the features of the Standard Variable Loan but with a lower interest rate. This is ideal for the borrower looking for a cheaper loan but doesn’t necessarily require all of the features of our standard product.
It is still packed with flexibility and members receive personal service to ensure they extract as much benefit out of the loan as possible.
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Features – Easy Access Loan
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| | | | | | | | | | | | | | | | | | Fixed rate option (up to 5 years)
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| | | | | | Flexible repayment options
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| | Free internet & telephone banking
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| | Loan term (up to) 30 years
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| | Optional cover to protect you in the event
of accident, illness or unemployment
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Click here to view the current interest rates
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Apply here or call 1300 654 321 to apply over the phone.
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Equity Access Loan
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Most homes regularly increase in value. With an Equity Access loan you can have a secured overdraft facility to allow you to access that value at your convenience. The beauty of a secured overdraft is that once it is in place don’t have to re-apply each time you need to access the value in your home.
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Features – Equity Access Loan
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| | | | | | | | | | | | Flexible repayment options
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| | Free internet & telephone banking
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| | Loan term (up to) Indefinite
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| | Optional cover to protect you in the event
of accident, illness or unemployment
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Click here to view the current interest rates
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Apply here or call 1300 654 321 to apply over the phone.
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Pre-approval
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If you are looking to buy an existing property at an auction or by private sale, you need to know what your limit is. Big Sky can provide you with a conditional approval which is valid for up to 3 months.
Now you can bid at an auction with the confidence that your lender will fund your dream home!
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Relate information
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Financial Planning
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Apply for a loan
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