Super Prime

Are you looking for a mortgage product that can cater to your most creditworthy clients, while still being simple and conservative?

Look no further than Mortgage Street’s Ultra Prime I product. This product is specifically designed to assist good PAYG borrowers, government employees, and employees of the top 200 ASX companies, all of whom have a reliable source of permanent income.

With Ultra Prime I, you can confidently offer a top-of-the-line mortgage option to your customers, knowing that it has been tailored to meet the needs of the most creditworthy borrowers. Don’t settle for a one-size-fits-all mortgage product, choose Ultra Prime I and give your customers the best possible option.

Our goal at Mortgage Street is to provide you & your customers with first-class service and innovative products to help you deliver solutions to your clients who don’t fit traditional lending criteria. But if your clients don’t qualify for a bank loan, Mortgage Street can always find alternatives. With 24 mortgage options available, we can help your customers find the right fit for their unique situation.

Mortgage Street is committed to providing a modern, efficient service to our clients. By distributing home loans through professional Australian mortgage brokers, we can offer a convenient and streamlined digital process that allows you to apply for a loan, submit documents, and track the progress of your application from the comfort of your own home.

Working with a Mortgage Street accredited professional mortgage broker means you can benefit from their expertise and industry connections. This can often result in faster approval times, as brokers are able to expedite the loan assessment process and provide lenders with the information they need to decide.

Each lender has their own credit policies, which can vary significantly. By working with a Mortgage Street accredited mortgage broker, you can access a wider range of lenders and take advantage of more flexible credit policies that may be better suited to your individual circumstances.

A Mortgage Street accredited mortgage broker can help you to maximise your borrowing capacity by advising on the best loan structure and providing guidance on how to strengthen your application. This can be helpful if you have a complex financial situation or are self-employed.

If you are planning to purchase an investment property, a Mortgage Street accredited mortgage broker can help you understand the tax implications of negative gearing and advise on the best home loan options to suit your goals.

A Mortgage Street accredited Mortgage brokers have access to a wide range of lenders, including those that may consider larger loan amounts. This can be especially useful if you are looking to purchase a more expensive property or undertake extensive renovations.

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Many lenders require mortgage insurance for home loans with a loan-to-value ratio (LVR) of over 80%. By working with a Mortgage Street accredited mortgage broker, you may access lenders that do not require mortgage insurance up to an LVR of 85%, saving you money on your loan.

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Mortgage Street focuses on what you and your customer needs. Submit a scenario now and we’ll help you every step of the way.

 

Frequently asked questions

For our Super Prime I product, the minimum credit score is 700 for all borrowers. However, it’s important to note that a good credit score is just one factor in the loan approval process and having a high credit score does not guarantee approval. Factors such as income, employment, and debt-to- income ratio are also considered.

The Super Prime I product offers no mortgage insurance for loans with LVR to 80%. This means that your clients can avoid the added cost and hassle of mortgage insurance if they have a down payment of at least 20% of the property value. However, it’s important to note that different lenders may have different LVR requirements for loans with no mortgage insurance, and not all lenders offer this type of loan. Additionally, having a higher LVR may result in a higher interest rate. more options.

The risk fee for our clients varies depending on their specific loan and credit situation. Risk fee may apply to our specialist loans but the loans for good borrowers do not attract a risk fee e.g. Super Prime I. We reserve this option for our most financially secure clients with excellent credit and a strong debt-to- income ratio.
We understand that every client’s needs are unique, and we dedicate an experienced team of Mortgage Street accredited mortgage brokers to finding the best loan options for each individual. On our website, you can learn more about the various loan options we offer and even use our online tools to calculate your estimated risk fee. So, visit our website today to learn more and take the first step towards securing your dream home.

The maximum loan amount that our clients can borrow varies depending on their specific loan and credit situation. However, for our Super Prime I loan option, clients can borrow up to $1,000,000.00 per single security in metro postcodes. This option is reserved for our most financially secure clients with excellent credit and a strong debt-to-income ratio.
We understand that every client’s needs are unique and that’s why we offer a wide range of loan options, with varying maximum loan amounts. On our website, you can learn more about the various loan options we offer, including information on the maximum loan amount for each option. Additionally, you can use our online tools to calculate your estimated maximum loan amount. So, visit our website today to learn more and take the first step towards securing your dream home.

We offer a variety of repayment options for our clients to choose from, including monthly, fortnightly, and weekly payments. This flexibility allows our clients to choose the option that best fits their budget and financial situation.
Our repayment options are designed to be as flexible as possible to suit the needs of our clients. On our website, you can learn more about the various repayment options we offer, including information on the advantages and disadvantages of each option. Additionally, you can use our online tools to calculate your estimated repayment schedule based on your chosen option.

+LVR stands for the loan-to-value ratio. LVR is the amount of your loan compared to the Bank’s valuation of your property offered to secure your loan expressed as a percentage. Home loan rates for new loans are set based on the initial LVR and won’t change during the life of the loan as the LVR changes.

*Comparison rate: The comparison rate is based on a loan of $150,000 over the term of 25 years. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.

Loan applications, refinances and balloon amounts are subject to credit assessment.

Conditions, credit criteria, fees and charges apply. Based on Mortgage Street’s credit criteria, residential lending is not available for Non-Australian resident borrowers. Interest rates subject to change. Before making a decision, it’s best to read the terms and conditions.