Variable Rate Home Loans - Keystart - Keystart (WA Only) Greensmart |
 |
 |
to select a different loan amount and loan term. Currently: $150,000 over 30 years |
|
| Home Loan Lender |
 |
Keystart Home Loan |
|
| Home Loan Product Name |
Keystart (WA Only) Greensmart |
| Interest Rate |
8.99% |
Comparison Rate
Estimated |
9.06% |
| Amount |
$150,000 |
| Term |
30 years |
Monthly Payment
Estimated |
$1,205.85 |
Total Paid
Estimated |
$434,835 |
| Establishment Fee |
$675.00 |
| Enquire/Apply |
 
|
| Target Market |
Variable Interest rate home loan to construct a home that qualifies for an HIA GreenSmart certification exclusive to Western Australia. |
| Acceptable Income |
Maximum DSR loan = Tiered Structure Based on total DSR of gross income level & dependents as follows:
,
Income $35Kpa or below - 36% DSR
,
Income above $35K Single/Couple without dependents 42%DSR
,
- +Dependents 39%DSR
,
PAYG, PAYG under contract, Self Employed, Allowances: Shift, ffshore, Casual, Permanent Part Time, Maintenance, Centrelink Pensions, Aged, Newstart, Youth Allowance, Parenting & Carers Allowance, Sickness & Special Benefits
,
Maximum assessed income $170K per application (i.e. per household)
,
PAYG, PAYG under contract, Self Employed, Allowances: Shift, Offshore, Casual, Permanent Part Time, Maintenance, Centrelink Pensions, Aged, Newstart, Youth Allowance, Parenting & Carers Allowance, Sickness & Special Benefits
,
Maximum assessed income $170K per application (i.e. per household). |
| Loan Term |
Maximum loan term 30 years subject to conditions |
| Loan Size |
Maximum amount $475K (including Fee Assistance).
,
Maximum security property value $500K. |
| Repayment Type |
Principal & Interest |
| Repayment Options |
Weekly, Fortnightly or Monthly , though all repayments based on the Monthly payment (e.g. monthly rep divided by 4 for weekly). |
| Extra Repayments |
|
| Split Loan Facility |
Not available. |
| Offset |
Not available. |
| Redraw Facility |
Redraws are now available for "all purposes".
,
There is no longer the need to supply invoices for work to be completed and the redraw amount can be released back to the client.
,
Minimum Redraw is $1K
,
No fee for Redraw. |
| LVR |
Owner Occupier LVR 98%
,
Investment Maximum LVR 0
,
Construction Maximum LVR 98%
,
Refinancing Maximum LVR 0
,
Security Value Maximum LVR Maximum Loan
,
Up to $450K 98% $441K
,
$450,001 to $500K 90% $475K |
| Fees |
Application Fee $500
,
Valuation Fee $175- (initial fee includes GST county valuation are subsidised to a maximum amount of $400) note payment of valuation fees can be made by Visa, Bankcard or MasterCard - cardholder to complete in full and sign the authority and fax through or send it with your application.
,
Progress Payment Fee $65 (maximum of 3)
,
Account Keeping Fee Nil
,
Legal Fees $239.45 (Fee displayed as Mortgage Preparation )
,
Deferred Establishment Fee
,
within the first 24months of funding date 0.8%
,
between 24 to 36 months of funding date 0.6%
,
between 36 to 48 months of funding date 0.4%
,
between 48 to 60 months of funding date 0.2%
,
more than 60 months from funding date $Nil
,
Fees
,
Loan increase amounts will include covering
,
the fees associated with the increase. These are as follows
,
Application Fee $200 (waived when increasing Land Only Loan for Construction)
,
Valuation Fee $175 metro, at cost for country areas (No subsidy)
,
Progress Inspections $65 per inspection or at cost for country (refer contract) where structural improvements are being completed
,
Legal Fees - DHW $22
,
Stamp Duty In accordance with current rates |
| Enquire/Apply |
|
| Other Variable Rate Home Loans |
 |
|
|
|
|
 |
| Other Keystart Home Loan Products |
|
|
|
|
|
|