HomeRun08 loan

The home loan that has all bases covered

Are you looking for a fully featured variable or fixed rate home loan designed to assist with the purchase, refinance or construction of your new home and investment property?

HomeRun08 is ideal for borrowers seeking flexibility. Perfect for investors looking to negatively gear and capitalise on taxation benefits. It also caters for borrowers wishing to purchase residential land for construction or a luxury home!

A wide choice of features:

• FullDoc and LoDoc, including construction
• Allows you to borrow up to 90% plus you can capitalise the lenders mortgage insurance (LMI)
• No minimum employment period (must have completed probationary period)

Full online account access:

• Unlimited free phone and internet account access
• Unlimited BPAY payments
• No need to hold a bank account with another institution

Key benefits:

• Ideal for investors seeking to maximise their negative gearing opportunities
• Flexible lending guidelines that allow you to purchase properties 'outside the square' including one bedroom apartments, student accommodation, rural residential properties > than 10 hectares and more (LVR restrictions apply)
• Larger loan amounts available for borrowers wishing to purchase luxury residential properties up to $5 million in value (maximum 75% LVR for over $2 million) on FullDoc, or up to $2.5 million on LoDoc
• Lenders mortgage insurance (LMI) is only applicable for FullDoc loans > 80% LVR
• Contract of sale may be used as the property valuation, speeding up transaction times and saving on the cost of external valuations (conditions apply)

A HomeRun08 loan is ideal for:

• Experienced buyers and people looking to sell and upgrade to a new home
• Investors looking to negatively gear and capitalise on taxation benefits
• Borrowers wishing to purchase luxury residential property
• Borrowers wishing to refinance an existing property
• People who wish to construct a new home or renovate