Fixed Rate Home Loans - Heritage - 5 yr fixed

This loan is suitable for
Self Employed, Salary & Wage earners.
Rental income 75% of gross rental allowable as income (60% high rise, 0% inner city apartments).

Home Loan Loan Term
Maximum: 30 years.

Home Loan Loan Size
Minimum: $20K
Maximum Unlimited (Refer BDM for loans over $750K).

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Home Loan Repayment Type
Principal & Interest. (Interest only for Investment loans).
Fixed rates: 1,2,3,or 5 years
Fixed Rate features that separate our products from some of competitors are: 1/ No lock in fee is payable, rate is guaranteed from applicable rate as at formal approval until settlement. 2/ Unlimited additional repayments at anytime without penalty. 3/ Redraw available on all fixed rate products.

Repayment Options
Weekly (Monthly /4); Fortnightly (Monthly /2); or Monthly payments.
Owner Occupier Principal & Interest.
Investment Principal & Interest & Fixed Interest Only. (Maximum: 5 years).
Ability to skip repayments if additional repayments have been made.
Change of term available.
Ability to vary repayments.

Extra Repayments
Unlimited.

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Split Loan Facility
Yes.

Offset
Yes - Partial Offset Account Only.

Redraw Facility
Yes
Fee <$20K = $20.00.
Fee > $20K = $20.00 + current title search fee.

LVR for Fixed Rate Home Loans - Heritage - 5 yr fixed

Existing customers - Max LVR 95% inc LMI that have opened an account prior to 17.03/09 and qualify for the FHOG.
New customers - Max LVR 90% inc LMI
Construction 90% including LMI
Vacant Land: 90% including LMI
Refinance: 90% including LMI
Investment 90% including LMI
Consolidation: 85% plus LMI maximum of 4 debts

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Fees for Fixed Rate Home Loans - Heritage - 5 yr fixed

Establishment Fee: $600 which includes First security valuation if required to a maximum amount of $330).
Additional valuations are $205min. (maybe higher depending upon Property Valuation Figure)
Construction progress inspection fee $110 per inspection plus mileage if applicable
Monthly Administration Fee $5 per month (included in repayments)
Switch Fee $100-$600 depending upon product being switch to. Investment Interest Only Loans - can not be switched or refixed, application is to be rewritten/renegotiated.
Deferred Establishment Fee ($0 to $600) if repaid within three years of initial funding., on a pro-rata basis
Early Repayment Penalty if repaid within three years of initial funding:
Owner Occupied: $800.
Investment: 1 months Interest.
Further Advance Fee $600
Build Loan Progress Draw Fee - $50 fee payable at each drawdown will be charged at the time of each draw
Trust / Company Loan $250 additional to the application fee to partially offset solicitors charges where documents are outsourced
Multiple Securities fee of $100 charged when there is a second or subsequent security for a loan and the security is in the same state
Additional fee of $150 charged where there is a second or subsequent security for a loan and the security is from a different state
Settlement Fees on Purchase/Refinance:
Agent’s Settlement Fee $0-$250 (Varies from State to State)
Finalisation Fee $200
Telegraphic Transfer Fee $0 - $35 Maximum.