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Iden brochure $20k secured visa 2 page brochure

Better Choice Home Loans
Better Choice Home Loans

This document discusses setting up an emergency home loan fund of up to $20,000 through a secured Visa card linked to a line of credit. The funds can be accessed on home purchase settlement to cover unexpected costs like renovations. The Visa has no fees if the balance is paid in full each month, otherwise interest is charged on the amount used. The line of credit may be interest only for up to 10 years at the same rate as the main loan. The strategy provides accessible cash that is separate from the primary loan amount.

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Would an extra Dont get caught short without 20,000 $ emergency funds! CASH 560000 0 12345678 4000 VALID 9 0 FROM 0 0/00 GOOD 00/00 THRU CARDHOLD on settlement ER NAME Use the extra funds for renovations help? or emergency repairs. So often when you are buying a home unexpected expenses occur. It might be that new carpets are needed, or some additional renovations have to be done just after settlement. What do you do if you dont have the spare cash to deal with it? Now you can put in place a strategy to overcome Iden Group any such emergencies. Suite 2, 20 Wentworth St Parramatta NSW 2150 Phone: 1300 334 336 Iden can provide applicants a linked Secured Visa Fax: 1300 434 336 card with a limit of up to $20,000 that can be fully E-mail: Marketing@iden.com.au drawn on settlement. Your accredited mortgage consultant
Up to Operating your Visa Card Terms and conditions $ 20,000 Easy Access It is important to note, that the Visa Card does have to meet servicing requirements when it is set up. The Line of Credit EFTPOS. You can use your Visa card as a linked that it is linked to carries an annual fee of $150 pa. The secured Visa Card EFTPOS card. Visa Card itself also carries an annual fee of $55. The Visa Card also has a repayment requirment of 3% of from Iden ATMs. Easily access funds as you need them. You can also use the card to access your linked accounts the limit USED. at ATMs. Be it in the Line of Credit or the Offset For say $10,000 used, that is $300pm including the interest portion of the loan. due. So you are repaying the principal and interest back each month based on what you have used. You can pay the Internet. You can also use it via Internet balance outstanding in full at any time. transactions like a traditional credit card with Visa 560000 0 security. The linked Line of credit may be Interest Only for up to 10 12345678 4000 9 0 years, and has an overall term of 25 years. You may have a Is this VALID FROM 00 /00 GOOD THRU 00/00 Iden will set up an automatic direct debit to repay cheque book linked with your Line of credit. your future CARDHOLD ER NAME funds facility? 3% of the limit USED each month from your Line of You can view all your accounts via the internet, use it to Credit or the main Offset Loan portion. pay anyone where you have their Bank BSB and account Interest is charged monthly only on what you use. number or pay bills via Bpay, and transfer to your other Now you can have it at linked accounts. low home loan rates too! Dont get caught short again. A secured Visa Card can add up to $20,000 in available This extra funding may stop you paying more expensive funds for use at settlement, when linked with a Line of Credit Lenders Mortgage Insurance. on your new loan applications. This is NOT included in your Ask your accredited mortgage consultant for more loan to valuation calculations, so it is on top of your traditional information now. Get your $20,000 Secured Visa loan amount. It is at the same interest rate as the Line of credit, as a buffer for the future. It gives you control so great value. and access to your funds. Two easy set up steps Note: Terms and conditions and fees apply. Iden is a responsible lender so capacity testing is 1 Add a Line of Credit facility. No less than $20,000 as undertaken with the card limit in mind. a split. This is a come and go facility, and you can have a checque book added for convenient access to the Line of Credit. This limit can be fully drawn on settlement. We do recommend you leave $500 undrawn on settlement. 2 Add a linked Secured Visa Card. This is attached to the Line of Credit. This can be fully drawn on settlement. Again we recommend you keep $500 undrawn on settlement. Iden will confirm your eligibility for the Visa Card. It is not included in the overall Loan to Value Ratio calculations, so no impact on any mortgage insurance you may have or need.

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Iden brochure $20k secured visa 2 page brochure

  • 1. Would an extra Dont get caught short without 20,000 $ emergency funds! CASH 560000 0 12345678 4000 VALID 9 0 FROM 0 0/00 GOOD 00/00 THRU CARDHOLD on settlement ER NAME Use the extra funds for renovations help? or emergency repairs. So often when you are buying a home unexpected expenses occur. It might be that new carpets are needed, or some additional renovations have to be done just after settlement. What do you do if you dont have the spare cash to deal with it? Now you can put in place a strategy to overcome Iden Group any such emergencies. Suite 2, 20 Wentworth St Parramatta NSW 2150 Phone: 1300 334 336 Iden can provide applicants a linked Secured Visa Fax: 1300 434 336 card with a limit of up to $20,000 that can be fully E-mail: Marketing@iden.com.au drawn on settlement. Your accredited mortgage consultant
  • 2. Up to Operating your Visa Card Terms and conditions $ 20,000 Easy Access It is important to note, that the Visa Card does have to meet servicing requirements when it is set up. The Line of Credit EFTPOS. You can use your Visa card as a linked that it is linked to carries an annual fee of $150 pa. The secured Visa Card EFTPOS card. Visa Card itself also carries an annual fee of $55. The Visa Card also has a repayment requirment of 3% of from Iden ATMs. Easily access funds as you need them. You can also use the card to access your linked accounts the limit USED. at ATMs. Be it in the Line of Credit or the Offset For say $10,000 used, that is $300pm including the interest portion of the loan. due. So you are repaying the principal and interest back each month based on what you have used. You can pay the Internet. You can also use it via Internet balance outstanding in full at any time. transactions like a traditional credit card with Visa 560000 0 security. The linked Line of credit may be Interest Only for up to 10 12345678 4000 9 0 years, and has an overall term of 25 years. You may have a Is this VALID FROM 00 /00 GOOD THRU 00/00 Iden will set up an automatic direct debit to repay cheque book linked with your Line of credit. your future CARDHOLD ER NAME funds facility? 3% of the limit USED each month from your Line of You can view all your accounts via the internet, use it to Credit or the main Offset Loan portion. pay anyone where you have their Bank BSB and account Interest is charged monthly only on what you use. number or pay bills via Bpay, and transfer to your other Now you can have it at linked accounts. low home loan rates too! Dont get caught short again. A secured Visa Card can add up to $20,000 in available This extra funding may stop you paying more expensive funds for use at settlement, when linked with a Line of Credit Lenders Mortgage Insurance. on your new loan applications. This is NOT included in your Ask your accredited mortgage consultant for more loan to valuation calculations, so it is on top of your traditional information now. Get your $20,000 Secured Visa loan amount. It is at the same interest rate as the Line of credit, as a buffer for the future. It gives you control so great value. and access to your funds. Two easy set up steps Note: Terms and conditions and fees apply. Iden is a responsible lender so capacity testing is 1 Add a Line of Credit facility. No less than $20,000 as undertaken with the card limit in mind. a split. This is a come and go facility, and you can have a checque book added for convenient access to the Line of Credit. This limit can be fully drawn on settlement. We do recommend you leave $500 undrawn on settlement. 2 Add a linked Secured Visa Card. This is attached to the Line of Credit. This can be fully drawn on settlement. Again we recommend you keep $500 undrawn on settlement. Iden will confirm your eligibility for the Visa Card. It is not included in the overall Loan to Value Ratio calculations, so no impact on any mortgage insurance you may have or need.