Professional Package Home Loans - Heritage - Professional Package |
 |
 |
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 |
Professional Package |
| Interest Rate |
8.65% |
Comparison Rate
Estimated |
8.84% |
| Amount |
$150,000 |
| Term |
30 years |
Monthly Payment
Estimated |
$1,169.35 |
Total Paid
Estimated |
$428,340 |
| Establishment Fee |
$0.00 |
| Enquire/Apply |
 
|
| Target Market |
Property for Owner Occupier, Investment and Refinance and for any worthwhile purpose.
,
Construction, extension or renovation of a residential property,
,
Purchase Vacant land.
,
Consolidation. |
| Acceptable Income |
Self Employed, Salary & Wage earners
,
Rental income 75% of gross rental allowable as income (60% high rise, 0% inner city apartments). |
| Loan Term |
Maximum 30 years. |
| Loan Size |
Minimum package $250k
,
Maximum unlimited (Refer BDM for loans over $750k)
,
Please note package excludes: Value Plus, Premium Variable and Bridging products. |
| Repayment Type |
Owner Occupied - Principal & Interest
,
Investment - Principal & Interest or Interest Only Variable (Maximum 5 years). |
| Repayment Options |
Weekly (Monthly /4), Fortnightly (Monthly /2), or Monthly payments.
,
Ability to skip repayments if additional repayments have been made.
,
Can vary payments.
,
Can change term of loan. |
| Extra Repayments |
|
| Split Loan Facility |
Yes. |
| Offset |
Yes - 100% daily offset (minimum balance $500) for variable loans; partial offset for fixed rate loans; nil offset for Living Equity. |
| Redraw Facility |
Available
,
Fee <$20K= $20.00.
,
Fee > $20K= $20.00 + current title search fee. |
| LVR |
Owner Occupied: 90% including LMI conditions apply.
,
Construction 90% including LMI.
,
Vacant Land: 90% including LMI.
,
Refinance: 90% plus LMI.
,
Investment 90% including LMI.
,
Consolidation: 85% plus LMI maximum of 4 debts. |
| Fees |
Package Fee $250 per annum.
,
Society will cover the first security valuation if required to a maximum amount of $330. Additional valuations are $205 min (maybe higher depending upon Property Valuation Figure).
,
Minimum package $250,000
,
Maximum unlimited (Refer BDM for loans over $750k)
,
Please note package excludes: Value Plus, Premium Variable and Bridging products.
,
Construction progress inspection fee $110 per inspection plus mileage if applicable
,
Monthly Administration Fee Nil
,
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 3 years of the latter of initial funding or most recent free further advance.
,
Owner Occupied: $800.
,
Investment: 1 months Interest.
,
Further Advance Fee: Nil.
,
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
,
Build Loan Progress Draw Fee - $50 fee payable at each drawdown will be charged at the time of each draw.
,
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
,
Telegraphic Transfer Fee $0 - $35 Maximum.
,
Note if Fixed Rate portion is taken as part of Profession Package the Rate Guarantee Option is available the fee will be 0.12% of the Basic Loan Amount (excluding funded Application Fee and LMI premium) and is payable up-front prior to loan being approved. |
| Enquire/Apply |
|
| Other Professional Package 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.
|