Variable Rate Home Loans - BMC - Premium Choice <$250K |
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to select a different loan amount and loan term. Currently: $150,000 over 30 years |
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| Home Loan Lender |
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BMC Home Loan |
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| Home Loan Product Name |
Premium Choice <$250K |
| Interest Rate |
9.49% |
Comparison Rate
Estimated |
9.54% |
| Amount |
$150,000 |
| Term |
30 years |
Monthly Payment
Estimated |
$1,260.19 |
Total Paid
Estimated |
$454,300 |
| Establishment Fee |
$700.00 |
| Enquire/Apply |
 
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| Target Market |
Purchase or Refinance of residential real estate. |
| Acceptable Income |
Applicants need to have a clear CRAA. If self employment 2 years of financials, and Tax Assessment required. Approvals subject to PMI & Genworth criteria. |
| Loan Term |
Loan term 10,15, 25 & 30 years. |
| Loan Size |
Minimum $50K
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Maximum $2M. |
| Repayment Type |
Principal & Interest.
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Interest only maximum 10 years. |
| Repayment Options |
Monthly, Fortnightly or weekly.
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Monthly Fixed Rate. |
| Extra Repayments |
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| Split Loan Facility |
Yes Up to 4. |
| Offset |
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| Redraw Facility |
Surplus funds can be redrawn (minimum of $2,500).
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No minimum via Origin Internet or Telephone Banking.
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No fee is applicable. |
| LVR |
Owner Occupied Maximum LVR 97 %
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Investment Maximum LVR 95%
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Construction Maximum LVR 0
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Refinance Maximum LVR 95% |
| Fees |
Application Fee $700 Owner Occupier & Investment payable at settlement (includes base legal fee and one valuation fee)
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Fixed Application Fee $660
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Book keeping Nil
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Additional Valuation $220
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Addition Legal costs
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Additional Security Property:$100 per property
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Guarantee:$100 per guarantee
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Companies / Trusts:$100
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Discharge Prior to Maturity whilst a variable rate applies 1.25% of the principal sum will apply in the first three years of the loan 0.50% in year 4 and 0.25% in year 5.
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Fixed rates break costs will apply
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Internet & Telephone banking available |
| Enquire/Apply |
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| Other Variable Rate Home Loans |
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| Other BMC Home Loan Products |
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This Comparison Rate applies only to $150,000 with a loan term of 30 years. The loan amount and term will affect the comparison rate calculation. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparsion rate calculation but may influence the cost of the loan.
This rate is to be used as a guide only and we recommend that you confirm it with the lender before acting upon it.
The information provided in this website is a guide only and may not be complete for your purposes. ratesonline.com.au is not licensed to provide investment advice and recommends that you consult an independent financial adviser.
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