Line of Credit Home Loans - Heritage - Living Equity |
 |
 |
to select a different loan amount and loan term. Currently: $150,000 over 30 years |
|
| Home Loan Lender |
 |
Heritage Home Loan |
|
| Home Loan Product Name |
Living Equity |
| Interest Rate |
7.62% |
Comparison Rate
Estimated |
7.74% |
| Amount |
$150,000 |
| Term |
30 years |
Monthly Payment
Estimated |
$1,061.17 |
Total Paid
Estimated |
$385,440 |
| Establishment Fee |
$600.00 |
| Enquire/Apply |
 
|
| Target Market |
To purchase property for Owner Occupier, Investment purposes and Refinance for any worthwhile purpose.
,
Purchase vacant land.
,
Consolidation. |
| Acceptable Income |
Self Employed, Salary & Wage earners
,
Rental income 75% of gross rental allowable as income (60% high rise). |
| Loan Term |
Maximum: 30 years (Interest only for first 10 years)
,
(Note - facility can be up to 5 splits) |
| Loan Size |
Minimum: $20K
,
Maximum loan amount $500K maximum LVR 75%. |
| Repayment Type |
Interest Only for first 10 years and then reverts to Principal & Interest. |
| Repayment Options |
Accrued interest must be paid each month. |
| Extra Repayments |
|
| Split Loan Facility |
Note - facility can be up to 5 splits. |
| Offset |
Not applicable.. |
| Redraw Facility |
Yes (Direct from account)
,
Fee structure :
,
Unlimited free , Telephone Banking, Internet Banking, GiroPost, Cheque Deposit, Cash Deposit, Counter wdls, transfers & bpay, Heritage ATM debit wdl & tfrs, Personal cheque wdls,EFTPOS 5,
,
free; excess fee per transactions $0.50,Non HBS ATM wdl & bal,enquiries 4 free; excess fee per transaction $1.50,Non HBS counter wlds (visa) $2.50, Overseas ATM or counter wdls (visa) $5.00 plus overseas currency conversion fee. |
| LVR |
Max LVR of 85% Loans up to $200K
,
Max LVR of 80% >$200001 to $300K
,
Max LVR of 75% >$300001 to $500K |
| Fees |
Establishment Fee: $600, this includes up to 5 sub-accounts created at time of original application, also includes First security valuation if required to a maximum amount of $330). Additional valuations are $205 min (maybe higher depending upon property valuation figure)
,
Deferred Establishment Fee ($0-$ 600.00) if paid out within the first 3 years on a pro rata basis.
,
Monthly Administration Fee $8 per month (included in repayments)
,
Increase in Limit Fee -. $500 per increase or sub-account (splitting at initial application only requires one application fee)
,
Trust / Company Loan $250 additional to the application fee to partially offset solicitors charges where documents are outsourced
,
Multiple Securities Additional 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 ( Payout of loan).
,
Telegraphic Transfer Fee $0 - $35 Max |
| Enquire/Apply |
|
| Other Line of Credit Home Loans |
 |
|
|
|
|
 |
| Other Heritage Home Loan Products |
|
|
|
|
|
|
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.
|