St George Fixed 3 Years

The St. George 3-Year Fixed Rate Home Loan lets the borrowers take advantage of a secure fixed rate period lasting three years before the standard variable rate will come into effect. The value of this loan product has much to do with the protection that a fixed rate gives you against changing interest rates.

Additionally, this fixed rate home loan gives you a number of other features that makes it a flexible option. One example is the ability to lock your interest rate in before loan is finalized using a 90-day rate lock.

This loan also include the more standard features such as redraw facility, extra repayment options, payment holidays, interest only payments, split loan options, and interest only terms.

KEY BENEFITS

This St. George 3-Year Fixed Rate Home Loan has the following key benefits:

Repayment Holidays

This loan allows you to pause your mortgage payments for terms between 3 months and 1 year. It is only available after you pay a set $500 fee and have paid extra on your payments in advance.

Redraw

You can take money you’ve paid on your loan and redraw it to service other functions. The funds are only accessible if the loan has been paid ahead or extra payments have been made.

Additional Repayments

You have the option of making extra payments on the loan in order to reduce the principal owed and short the loan term.

Split Loans

You can split the loan account between more than one type of loan so you can use the benefits of both.

Interest Only Payments

For a period lasting a maximum of fifteen years, you can pay just the interest you owe on the mortgage with every payment.