| Purpose: |
To purchase, refinance an owner occupied or investment residential property. |
| Minimum Loan Amount: |
$200,000.00 |
| Maximum Loan Amount: |
$750,000.00 |
| Term: |
15-30 years |
| Loan to Valuation Ratio(LVR): |
90% - Owner Occupied
85% - Investment (principal and Interest)
75% - Investment (Interest only) |
| Interest Calculation: |
Calculated on the daily balance and debited monthly in arrears |
| Fixed Rate Option: |
Available from 1-5 years |
| Repayment Type: |
P & I and Interest Only |
| Interest Only Period: |
Available from 1 -10 years |
| Repayments: |
Fortnightly or Monthly (default:) |
| Repayment Method: |
Direct Debit or Direct Salary Credit or BPay |
| Mortgage Insurance: |
For LVR less than and equal to 80% and for loan amounts < $500,000. |
| Capitalization of Mortgage Insurance: |
Max LVR 90% Inclusive of LMI Capitalized. |
| Establishment Fee: |
$660 Single Security (Additional Security $385);an additional valuation fee applies in most cases when the purchase price/market value>$500,000 |
| Account Keeping Fee: |
$10 Monthly |
| Ongoing Fee: |
Nil |
| Additional Repayments: |
Available - Unlimited |
| Early Repayment Fees: |
Not applicable from 1 July 2011 |
| Security: |
Registered First Mortgage |
| Redraw Facility: |
Available - Unlimited |
| Splits: |
Available - Maximum of 2 |
| Construction: |
Not Available |
| Overseas Borrower/s: |
Not Available |
| Telephone & Internet: |
Available |
| Portability: |
Available |
| Other Features: |
No evidence of genuine savings is required. Residential land only can be used as security. |
| Special Requirements: |
|