Need assistance purchasing your first home or investment property?

Mortgageport has access to wholesale funding which allows us to 'write' our own home loans. This flexibility enables us to financially engineer products that you don't find elsewhere in the market.

To assist with borrowers who have the 5% genuine savings but not enough to cover all costs; Mortgageport has developed a special product called the

‘Reverse Honeymoon’

This product is suitable for first home buyers or purchasing your first investment property.

Details of this offer we've built for you:

Purchase price	$400,000
Loan – 90%	$360,000
Mortgage insurance	$6,408

Mortgageport will fund the mortgage insurance premium and load the interest rate for the first 12 months.

The variable Interest rate for the first 12 months would currently be 8.77% rolling to 6.99%, thereafter.

This has a twofold benefit:

Less deposit funds required
Borrower receives the tax deduction in the first year, instead of having the mortgage insurance premium written off over the first 5 years.