Yes, our Premium I, II, and III products do accept equity line of credit as a facility type. This means that mortgage brokers can offer their clients the option to use the equity in their home as collateral for a line of credit. This can be a useful tool for homeowners who need access to funds for home improvements, debt consolidation, or other expenses.

Additionally, using an equity line of credit can also potentially save homeowners money on interest rates compared to other types of loans. It's a flexible and efficient way to access the equity you've built in your home, and it's available as an option for our premium products. If you're a mortgage broker looking to offer your clients more options and flexibility, be sure to check out our website to learn more about the benefits of our premium products.

The maximum interest only repayment period for our Premium I, II, and III products is up to 10 years. This means that mortgage brokers can offer their clients the option to only pay the interest on their loan for up to 10 years, before transitioning to principal and interest payments. This can be a useful tool for homeowners who want to keep their monthly payments lower in the short-term, but still have the option to pay off the principal of the loan over time.

Also, it's important to note that interest-only payments can also help to qualify for a larger loan, as the lower payments can increase the debt-to-income ratio. This can be a useful strategy for homeowners who want to purchase a more expensive home, or who want to refinance their current home. If you're a mortgage broker looking to offer your clients more options and flexibility, be sure to check out our website to learn more about the benefits of our premium products and the specific interest only repayment period available.

Our premium products do not have a maximum number of dependents, allowing flexibility and consideration of individual client's circumstances. This means that mortgage brokers can offer their clients the option to include dependents such as children, elderly parents or disabled dependents in their loan application.

This can be a useful tool for homeowners who have a large family or are supporting other dependents financially. However, it's important to note that having more dependents can affect the borrower's debt-to-income ratio and may require additional documentation. That's why it's important to check with our lender in advance to ensure that the dependents are acceptable.

If you're a mortgage broker looking to offer your clients more options and flexibility, be sure to check out our website to learn more about the benefits of our premium products and the specific dependents policy available. With our Premium products, we strive to provide our clients with more options and to help them achieve their goals.

The postcodes that are currently eligible for our Premium I, II, and III products are Non-metro S&P postcodes and capital postcodes. This means that mortgage brokers can offer their clients the option to purchase or refinance a property in these postcodes with our premium products. These postcodes are typically considered more stable markets and have a good potential for growth.

However, it's important to note that some postcodes that are not on this category, such as island locations, may not be eligible for our premium products. In this case, it's recommended that you reach out to a Mortgage Street accredited mortgage broker to check what product will it fall under. We want to make sure that you & your clients have access to the best possible options for their needs. If you're a mortgage broker looking to offer your clients more options and flexibility, be sure to check out our website to learn more about the benefits of our premium products and the specific postcode policy available.

The highest loan-to-value ratio (LVR) that a borrower can obtain in our Premium I product is up to 95%. The highest loan-to-value ratio (LVR) that a borrower can obtain in our Premium II product is up to 85%. This means that mortgage brokers can offer their clients the option to borrow up to 85% of the value of the property they are looking to purchase or refinance. This LVR ratio can be a good option for borrowers who have a good credit score, stable income and enough funds for a down payment.

It's important to note that if your clients are looking for a higher LVR, they can check out our Premium I product or complete MSt 003 to see how much LVR can Mortgage Street be able to lend your clients. The LVR ratio can affect the interest rate and the overall cost of the loan, so it's important to consider the borrower's financial situation and the overall cost of the loan.

If you're a mortgage broker looking to offer your clients more options and flexibility, be sure to check out our website to learn more about the benefits of our premium products and the specific LVR policy available. We strive to provide our clients with more options to help them achieve their goals.