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About Us The home loan industry can be very confusing with so many lenders offering so many products. Cutting through this confusion LP Home Loans has combined a low variable interest rate with the features and options expected of a fully featured home loan. In so doing, the banks and non-bank lenders now have real competition. There are three products: 1. Standard Variable - The first product is called Standard Variable and is designed for those borrowers who wish to provide evidence of income. 2. Fastdoc - The second product is called Fastdoc and is designed for those borrowers who do not wish to provide evidence of income. 3. Line of Credit - The third is called Line of Credit and is available as a stand alone product or in combination with either of the first two products. Borrowers may also select the Premium Rate Discount offer and / or the New Client Special Rate Discount offer. Loan Funds Just like Wizard, LP Home Loans facilitates access to loan funds provided by GE Money. As such, once a loan is settled, clients have access to a similar customer service area via the internet (Loan Service Net) and telephone (Loan Service Line). However, LP Home Loans does not have the same overheads and therefore can offer lower rates. Unlike many non-bank lenders, securitisation is not relied on to ensure access to funds. Rather, cost effective funds are raised from a globally diversified funding base utilising GE Money's AAA rating. By contrast, no Australian bank or non-bank lender has a AAA rating. In short, LP Home Loans is able to facilitate access to stable and secure cost effective funds. |