anyone know anything about http://www.cr8group.com.au ?
Just came across them.
Company Website: http://www.cre8group.com.au
Fulfill demand for funding of its Home Without A Deposit ProductCRe8 Home & Finance Ltd provides deposit loans to property purchasers. Unlike competitors, the Company offers a genuine 100% finance product to both investors and owner-occupiers without reliance on government grants. CRe8 has a highly profitable, proven model and offers you the opportunity to participate as an investor at a time of accelerated growth, to satisfy demand for its product
The Company’s core product is Home Without A Deposit (HWAD), which provides a second mortgage or deposit loan (approx. 14% of the property value) coupled with a first mortgage lend for the purchase of new properties. It is the only genuine 100% finance product in the market place that has the following benefits:
• Only $2,000 needed up front for Legal and Administration costs
• A competitive combined interest rate of 5.75%pa1 (second mortgage at 11.25%pa and first mortgage at 4.9%pa)
• No First Home Owners Grant needed
• No Guarantors needed
• Available for home owners AND property investorsIt is a just a remix of standard blended loan offering with a 1st & 2nd Mortgagee.
An traditional lender takes the first and an investor takes the 2nd at a higher rate.
We were offering the same product thru our Company First Home Owners Group Pty Ltd back in 2000.
Nothing knew but fills a few gaps in the market i guess in the current climate.
Cheers
Yours in Finance
Richard Taylor | Australia's leading private lender
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