Home News New product to shake-up mortgage market

New product to shake-up mortgage market

Font size :
The IBM Fast Track Mortgage Strategy combines a fully featured home loan with an investment component in the IBM-preferred investment fund. According to IBM, the combination of a traditional home loan with a linked investment strategy will enable borrowers to pay off their mortgage in as little as 10 years at the same time recouping their outgoing costs such as interest. IBM chairman Ross Herron said the product offers property borrowers a new option for financing their purchase. "With this strategy, property buyers could save hundreds of thousand of dollars in interest payments, whilst owning their own home in a fraction of the time compared to a normal mortgage." Herron explained that the combined performance of selected hedge fund managers with a competitively priced property loan is key to the product. Returns from the investment fund go towards paying off the loan. Since the mortgage is interest only, borrowers can obtain funding with just minimum outlay of a deposit and purchase cost. "Repayments are also kept to a minimum, offering investors and homebuyers significant cash flow advantages," added Herron.

It can be confusing to know whether to get a variable rate or fixed rate mortgage, and what features are important. That's why it's important to not only check the right rates, but make sure that you're getting the right features in your home loan. Get help choosing the right home loan

Mortgage News and Articles

New social housing aims to transform Ivanhoe Estate New social housing aims to transform Ivanhoe Estate

The sprawling redevelopment aims to boost the supply of affordable housing in Sydney Read more

A new suburb will be built in west Melbourne A new suburb will be built in west Melbourne Mount Atkinson will become home to more than 22,000 people over the next 15 years ... Read more

Surging house prices threaten liveability in Melbourne Surging house prices threaten liveability in Melbourne Analysts warn the city could become just as unaffordable as Sydney, if property trends continue ... Read more

More Aussies would benefit from regional hubs linked to cities More Aussies would benefit from regional hubs linked to cities Shorter commutes could spur higher home sales in regional towns, analysts say ... Read more

More mortgage news and articles

Sponsored Links

Thursday, Aug 17, 2017
Top Featured Rates
Top Bank Rates

Get help choosing the right home loan

Let us help you find the right home loan for your needs.

Tell us a bit about your circumstances:
  • Purpose of mortgage
  • Household Income
    $
  • How much do you want to borrow?
    $
  • How much deposit do you have?
    $
  • How much is your house worth?
    $
  • How much do you still owe on your mortgage?
    $
  • What type of mortgage do you have?


  • How much is your new home?
    $
  • How much do you want to borrow?
    $
  • How soon do you want a mortgage?
Next
  • First name
  • Last name
  • Where do you live?
  • Phone number

Special Offers

Related Keywords