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Following the Reserve Bank of Australia increasing
official interest rates on 4th May 2010 by .25%pa Keystart
rates have been increased as follows;
-
For existing clients prior to 16th October 2009 the
new rate is 6.59%pa effective 1st June
2010
-
For clients loans after 16th October 2009 and all new
loans the new rate is 7.37%pa effective 1st June
2010
Repayments will increase when they fall due on or after
1st July 2010.
Affordable
Housing Opportunity in East Perth and
Perth
Keystart
Home Loans, in conjunction with EPRA and the Department of
Housing, is offering shared equity finance to purchase a
limited number of 1 bedroom units in East Perth and
Perth.
To
be eligible, you either need to be a Department of Housing
tenant or you need to be a key worker* working within 6kms of
the CBD and earning no more than $65,000 per annum. The scheme
lowers the up front cost of home ownership for eligible
applicants as you may be able to purchase from as little
as 70% of the property's value**. Eligible buyers will be
selected through a ballot process.
To
find out more about this great opportunity (Click here for the EPRA Shared
Equity Brochure)
or to register your interest, call our shared equity
specialists today on 9476
2442.
*
Key worker defined as a front line service provider in the
health, education, law and order, transport or human services
area.
** Conditions
apply
Fees
Waived for discharging clients
Keystart
are currently waiving all Deferred Establishment Fees (DEF)
for all loans. As we currently do not offer increased lending,
we encourage our existing clients to look at their financial
situation to ensure they have the best possible option
available to them. Should you choose to refinance from
Keystart this fee will be waived until further
notice.
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