AMP Professional Package Variable Rate

The AMP Professional Package Variable Rate home loan is an exclusive option available to wealthy clients and those with sizeable investment portfolios that are termed “professionals.” These borrowers are offered discounted variable interest rates. The Professional Package may include this variable rate loan option, a fixed rate loan option, or a line of credit.

The range of this variable rate home loan runs from $100,000 to $249,000. Besides the reduced interest rate, professional choosing the AMP Pro Pack Variable Rate loan can take advantage of additional features that provide further flexibility.

The package has also been developed to save the borrower money, allow them pay of the loan faster, while help them to manage their investments better.

KEY BENEFITS

The AMP Professional Package Variable Rate home loan includes the following benefits:

Extra Payments

You can reduce what you owe on your mortgage by paying extra payments. Also, you will save on the amount of interest you have to pay. Repayments are unlimited.

100% Mortgage Offset

You can receive a mortgage offset account where money can be deposited in order to offset the total remaining balance your mortgage once interest has been calculated. The more funds in the account the less interest the borrower is obligated to pay.

Portability

This option allows you to move your loan balance into other investments or another property by paying a one-time $350 fee. You may end up saving money since you wouldn’t have to pay the fees associated with a new loan application.

Split Loans

You can divide the loan into 10 separate subaccounts. It makes it a great option when you want to manage your investments individually.