Professional Package Home Loans
Professional package loans are tailor made for the business owner or the professional investor, as the loans are often bundled with features such as:
- Transactional offset accounts
- Credit cards and open lines of credit
- Great interest rate discounts up to .70% less than the standard rates
Lenders want low risk borrowers, and so if you are in Melbourne, a high income earner and/or have substantial personal assets, you can get a great rate on your home mortgage. Once only marketed to certain professionals, now these loans are offered to low-risk borrowers in a wide variety of occupations.
AdvantagesLower interest rates of up to 0.5 per cent save customers considerably on their home loan. Discounts on other banking products can apply, for example savings on your credit cards. Bundling all your financial products into a professional package will give you greater discounts and the convenience of all you accounts in one place.
DisadvantagesAs your home loan will make up the biggest component, lenders will require your loan to be over a certain limit. There is also usually an annual fee on pro-pack accounts, around $300 per year.
To get the best advice when considering any type of mortgage, speak to a Local Melbourne Mortgage Broker. Call us on 
or submit your enquiry via our on-line form.