Professional Package Home Loans - AMP - Professional LOC $100K<$250K

This loan is suitable for
PAYG, Self Employed, Salary & Wage Earners
Tax Returns are required to demostrate additional income for serviceability purposes. (Income such as overtime, commisions, bonus, casual and contract), a minimum one year's Tax Assessment Notice is to be supplied and 2 year's group certificates and / or tax returns.

Home Loan Loan Term
Line of Credit Minimum 20 years
Maximum term 30 years
Maximum term Interest Only 10 years.

Home Loan Loan Size
Minimum $100K
Maximum Line of Credit $1M
For loans greater than $2M refer to BDM.

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Home Loan Repayment Type
Interest Only

Repayment Options
Monthly only

Extra Repayments
Yes at any time by electronic transfer, by mail or deposit made at Australia Post.

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Split Loan Facility
Available - up to 10 splits permitted for free with min $10,000 per split.
Additional splits available include Professional Variable, Fixed Rates, Basic Loan and Business Classic Loan.

Offset
Not available.

Redraw Facility
Yes. No minimum redraw amount .

LVR for Professional Package Home Loans - AMP - Professional LOC $100K<$250K

Owner Occupied Maximum LVR 90%
Investment Maximum LVR 90%
Construction Maximum LVR N/A
Refinancing Maximum LVR 90%
Vacant Land Maximum LVR N/A
Debt consolidation Maximum LVR 90%
Debt Consolidation Maximum LVR 90% up to 5 other debts
Over $1M subject to security location and maximum LVR allowable.

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Fees for Professional Package Home Loans - AMP - Professional LOC $100K<$250K

Establishment Fee of $0
Settlement Fee of $0 plus Solicitors Fee $295 (Displayed as Mortgage Prep Fee)
Annual Package Fee $349 (payable at settlement then annually)
Master Limit Application Fee $200
LMI processing Fee $100 (in addition to any LMI premium payable)
Deferred Establishment Fee $ 1,000 if discharged within 4 years from original.
Valuation fees First is free. For valuations <$1M customers pays excess of $220 for metro and $330 for non-metro. For $1M customer pays excess of $550 in all areas.
Loan Variation Fee / Switch / Increase Fee $350
Pre Approval Fee $350
Multiple Security Fee of $250 (payable for each additional security property)