Bridging Home Loans - Home Loans Ltd - Go Between Loan |
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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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Home Loans Ltd Home Loan |
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| Home Loan Product Name |
Go Between Loan |
| Interest Rate |
9.26% |
Comparison Rate
Estimated |
8.83% |
| Amount |
$150,000 |
| Term |
30 years |
Monthly Payment
Estimated |
$1,181.12 |
Total Paid
Estimated |
$425,659 |
| Establishment Fee |
$499.00 |
| Enquire/Apply |
 
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| Target Market |
The Go-Between loan will fund the purchase of your new home with no extra repayments for six months or until you sell your current property. For construction you are not required to make repayments for the first 12 months.
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However you can make regular or one off payments at any time if you choose. This way you aren’t forced to take less than market value in an effort to sell your home in a hurry. Refinance a first mortgage or take a second registered mortgage over an owner occupied or investment property (your existing property), in conjunction with a first registered mortgage over a new owner occupied or investment property. |
| Acceptable Income |
PAYG, Self-employed, Second job, Car allowance, Permanent allowances, Commissions, Centrelink long term pensions, Austudy, Superannuation payments, Family tax benefits, Child support/maintenance, Rental income, Share dividends, royalties, interest, annuities, distributions from property trusts and other sustainable income from investments. NOTE: Special conditions apply for each income, please contact your BDM for further information . |
| Loan Term |
Principal & Interest: 5-30 years
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Interest Only: 1-10 years |
| Loan Size |
Minimum: $10K
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Maximum:
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up to 80% LVR: $2M
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up to 70% LVR: $3.5M
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up to 65% LVR: >$3.5M |
| Repayment Type |
Principal & Interes repayments are required once the Go Between period is complete.
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Interest-Only: Up to 10 years interest-only, converting to P&I for the remainder of the loan term. |
| Repayment Options |
Monthly, fortnightly or weekly by direct debit.
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For established property: you are not required to make any repayments for the first six months or until the sale of your existing property (whichever occurs first).
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For construction: you are not required to make repayments for the first 12 months. However you can make regular or one off payments at any time if you choose. |
| Extra Repayments |
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| Split Loan Facility |
Available. |
| Offset |
100% Offset facility available:
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Minimum account balance: $0 (opening and operating)
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Maximum account balance: No maximum. However the customer receives no benefit (or interest) on any offset balance that exceeds the loan balance.
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Repayments must be debited from the offset balance
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Interest and statements: Interest is calculated daily. Statements are issued monthly
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Transactions fees: Borrower receives $20 worth of free transactions p/m, then fees apply. |
| Redraw Facility |
Only available after the initial Go Between period. After Go Between period available during both variable and fixed rate periods. Free if done via Internet and Telephone banking with minimum redraw of $500. Manual fee: $50 and minim redraw $2000. |
| LVR |
Owner Occupied Maximum LVR 85%
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Investment Maximum LVR 85%
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Construction Maximum LVR85%
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Refinancing Maximum LVR 85%
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Vacant Land Maximum LVR 85%
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Debt consolidation Maximum LVR 85% |
| Fees |
Establishment Fee $499 (Application fee includes one standard valuation fee)
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Mortgage Prep Fee - $395 ( Legal & Loan Processing Fee & Settlement Fee)
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Valuation Fee Included in Application Fee
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Additional Contract Fee $50
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0ngoing Fee Nil
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Redraw Fee: After Go Between period - Nil Fees apply if done via telephone and internet banking. Manual fee: $50
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Split Fee: $100
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Switch Fee: $250 (Switch from variable to fixed rate)
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Refix Fee: Nil (Refix the fixed rate)
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Deferred Establishment Fee:
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0 -12m = 1.25%; 13-24m = 0.94%; 25-36m = 0.625%; 37-48m =0.31% of approval amount. |
| Enquire/Apply |
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| Other Bridging Home Loans |
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| Other Home Loans Ltd 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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