Virgin Money $0 LMI for 85%LVR P&I Home Loans + $500 Visa Giftcard For Fixed Rate Loans >$500k From Mortgage Better


Virgin Money $0 LMI for P&I Home Loans up to 85%LVR + $500 Visa Giftcard

P&I packaged HOME LOAN
* variable rates starting from 2.89% (CPR 3.06%)
* Fixed rates starting from 2.49% (CPR 3.31%)

Lender Fees
$450 upfront
$10 per month per loan split

Interest rates quoted and offer are subject to change without notice by the lender. Available only for new Owner Occupied Principal and Interest purchase applications received between 24 September 2020 and 29 November 2020 (inclusive) and that settle by 30 May 2021. Offer available on the Virgin Money Reward Me Home Loan. LVR between 80.01%-85% with maximum base loan-to-value ratio (LVR) of 85%. This offer is not available for Constructions Loans and for refinance or restructure of existing Virgin Money home loans.

$500 VISA broker giftcard - our gift to you for any loan settlement of >$500k net of offset or redraw with at least 50% on 2 or 3 fixed rates.

What is a comparison rate (CPR)?
Comparison rate can very often be misleading as it uses assumptions that are often irrelevant to an individuals circumstances. Typically it assumes a loan size of $150k over 25 year loans term which is irrelevant to majority of borrowers. It also assumes the borrower will remain with the same lender for the whole 25 years on a revert rate which is also unrealistic as most Australians refinance their home loans every 2 – 4 years. So often comparison rates can cause more confusion than help. However due to government regulations, banks and brokers MUST quote these CPR when quoting a home loan interest rate. As a general rule of thumb, it’s best to look at the actual interest rate & repayment (including fees) for the same loan amount over the same specified period when you compare loans. We can help in doing this accurately and systematically.

For further details about this deal or other 35 lenders we work with, please contact directly via email or phone. Alternatively, you can book in a phone call with me on the link below. Messages on Ozbargain may receive delayed response. Thank you.

John Kim
Mortgage Adviser
M : 0433 390 648
E : [email protected]
Client Google reviews :

RCA Finance Solutions (Trading as Mortgage Better) is an authorised credit representative (CRN 508268) of QED Credit Services PTY LTD (ACL 387856).

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  • What's the rate for investment loans P&I?

    • This deal is not available for investment loans unfortunately. but I have other deals for investment loans if you would like to get in touch with me.

  • LMI usually not needed for LVR 80% or lower right?

    I’m skeptical if this is much of a saving if only 5% difference, value if which could be negated with a better geared loan or better rates (those rates are not leading rates).

    • That's correct. LMI is applicable when LVR is >80%.
      This is just one of the offers available out of our 36 lenders. we have several other options that might be better suited depending on your individual circumstances.

  • Are these really leading rates? I thought 2.09% fixed and 2.29% variable are where the market is at the moment?

    • Hi Matthew, these are for 85% borrowing with $0 LMI.
      In terms of best rates I have rates starting from 1.99%. This loans purpose is for people who need 85% for a purchase. thanks.