| PURPOSE |
Purchase
or refinance of owner occupied or investment residential
property |
| TERM |
Up to 30 years |
| REPAYMENTS |
Principal and interest
OR interest only for 2,3,5 or 10 years |
| FREQUENCY |
Weekly, fortnightly or monthly. Extra payments
in excess of regular payment may incur an early repayment
fee. |
| CONVERT
TO VARIABLE RATE |
Borrowers
switching from fixed rate to a variable rate may incur
an early repayment fee. |
| SPLIT FACILITY |
Maximum 3 separate accounts
under the one loan |
| REDRAW |
Redraw facility
is not available on fixed rate loans |
MAXIMUM LOAN
TO VALUE RATIO |
- 95% for loans up to $500,000 (some restrictions
may apply)
- 85% for loans over $500,000 (some restrictions may
apply)
|
Application
fee
Government and
bank charges. Legal fees and disbursements |
- $0 Establishment Fee
- $0 Valuation Fee
- $0 Lender's Legal Fee
- $0 Monthly Administration Fee
- Deferred Administration Fee of 0.80% of initial
principal amount is payable if the loan is fully discharged
within 4 years of settlement.
- For example, mortgage duty, registration fees and
property searches.
- You will have to pay costs associated with your
own legal fees and disbursements.
|
| OTHER CONDITIONS |
- All repayments must be made by electronic direct
debit &/or salary credit
- Lenders Mortgage Insurance is required for all EasyChoice
Home Loans residential property loans. The premium
is payable by the borrower only if the amount borrowed
is greater than 80% of the value of the property or
the loan amount is greater than $500,000.
(Some conditions may apply)
- A security discharge administration fee of $500
is payable when you repay your loan in full.
- An early repayment fee may apply if fixed rate period
is being broken.
|
| |
