Search found 3 matches

by
Wed Jul 10, 2019 5:26 pm
Forum: Home Loan Forum
Topic: Need a better deal than BOQ's doctor home loan
Replies: 5
Views: 12752

Re: Need a better deal than BOQ's doctor home loan

So, what are the qualifying criteria I need to meet to qualify for one?
by
Tue Jul 09, 2019 6:54 pm
Forum: Home Loan Forum
Topic: Need a better deal than BOQ's doctor home loan
Replies: 5
Views: 12752

Re: Need a better deal than BOQ's doctor home loan

Okay. How do I ensure I get the best deal on my mortgage? i.e. rates, terms and discounts etc
by
Tue Jul 09, 2019 4:50 pm
Forum: Home Loan Forum
Topic: Need a better deal than BOQ's doctor home loan
Replies: 5
Views: 12752

Need a better deal than BOQ's doctor home loan

Hi, I met with a BOQ specialist regarding a 100% doctor home loan. They package the loan as two separate loan accounts; E.g. a $1 million loan at 100% LVR = $900,000 at 3.7% over 30 years and $100,000 at 10% or more over 8 years. The interest rate on the short term loan is simply way too high and the loan term too short. Does every lender package their doctor home loans like BOQ doctor home loans?
Can I get a longer loan term and a cheaper interest rate with another lender?