Variable Rate Home Loans - Home Loans Ltd - Smart Saver/100% Home 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 |
Smart Saver/100% Home Loan |
| Interest Rate |
9.14% |
Comparison Rate
Estimated |
9.06% |
| Amount |
$150,000 |
| Term |
30 years |
Monthly Payment
Estimated |
$1,205.85 |
Total Paid
Estimated |
$434,659 |
| Establishment Fee |
$499.00 |
| Enquire/Apply |
 
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| Target Market |
Smart Saver & 100% Home Loan (Option Name)
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100% of the value of your property can be borrowed.
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If insured through PMI, 3% purchase price must be genuine savings, proven by bank statements over a six month period. Grants and gifts can assist with covering fees. No genuine savings required if insured through Genworth.
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Can include cost of stamp duty, legal fees. LMI, valuation, building report and application fees. |
| Acceptable Income |
PAYG Self-employed applicants must be operating for at least 2 years.
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Primary income earner must be in current employment position for 12 months.
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For multiple applicants the maximum number of borrowers whose income will be taken into account is two. |
| Loan Term |
Minimum 10 years
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Maximum 30 years |
| Loan Size |
Minimum $50K
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Subject to Location, LVR and loan amount.
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Refer to Genworth & PMI product guide and postcode locations. |
| Repayment Type |
Variable
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Principal & Interest
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Fixed Rate Options 1- 5 years you may convert to fixed rate period (available from 1-5 years) at any time. A $250 fixed rate fee applies
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12mth Introductory Rate option available |
| Repayment Options |
Fortnight, Monthly. |
| Extra Repayments |
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| Split Loan Facility |
Not available. |
| Offset |
Not available. |
| Redraw Facility |
Unlimited free redraws Minimum redraw amount $2,000. |
| LVR |
Owner Occupier 100%
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Construction available through Genworth
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Smart Saver Construction Maximum LVR 90%
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Property purchase (Capitalising of LMI to 100% available)
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Vacant Land refer to Lender
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Investment Maximum LVR 95%
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Refinancing Maximum LVR 95 |
| Fees |
Establishment Fee $499 (Application fee includes one standard valuation fee)
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Mortgage Prep Fee - $490 ( Legal & Loan Processing Fee & Settlement Fee)
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Valuation Fee Included in Application Fee
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Additional Contract Fee - $0
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Ongoing Fees Nil
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Deferred Establishment Fee
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0 -1 yr =1.75%, 1-3 yrs = 1.50 3-4 = 1.25, 4-5 =1.00
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Redraw Fee Nil Fee Applies
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Product change $250 |
| Enquire/Apply |
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| Other Variable Rate 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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