| Home Loan Lender |
 |
Home Loan Centre Australia Home Loan |
|
| Home Loan Product Name |
Standard Variable (Right Choice H/L) |
| Interest Rate |
7.75% |
Comparison Rate
Estimated |
7.81% |
| Amount |
$150,000 |
| Term |
30 years |
Monthly Payment
Estimated |
$1,074.62 |
Total Paid
Estimated |
$387,395 |
| Establishment Fee |
$395.00 |
| Enquire/Apply |
 
|
| Target Market |
First Home Buyer, Low and No Deposit Borrowers. |
| Acceptable Income |
Full time, Part time, Casual, Government benefits, Child Maintanence, Investment Income. |
| Loan Term |
Maximum 30 Years. |
| Loan Size |
Minimum loan amount $50K.
,
Maximum loan amount $4M. |
| Repayment Type |
Principal & Interest and Interest Only.
,
Interest Only 1 - 5 years. |
| Repayment Options |
Principal and Interest: payments can be made monthly or fortnightly.
,
Interest Only: payments are to be made on a monthly basis. |
| Extra Repayments |
|
| Split Loan Facility |
Available. |
| Offset |
Not available. |
| Redraw Facility |
Available.
,
No fees or minimum if transacted electronically. |
| LVR |
Owner Occupier Maximum LVR 100%.
,
Investment Maximum LVR 100%.
,
Construction Maximum LVR 90%.
,
Refinancing Maximum LVR 90%.
,
Vacant Land Maximum LVR 90%.
,
Debt Consolidation Maximum LVR 90%. |
| Fees |
Application Fee of $395 including standard valuation.
,
Application Fee of $395 including standard valuation.
,
Additional valuation $250 each.
,
Legal Disbursements & Solicitors Document Preparation Fee $350 approximate shown as Mortgage Preparation fee.
,
Settlement Fee $55 per property.
,
Deferred Establishment Fee
,
Year 1- 1.2%
,
Year 2 - 1.0%
,
Year 3 - 0.8%
,
Year 4 - 0.6%
,
Year 5 - 0.4% |
| Enquire/Apply |
|