Line of Credit Home Loans - Police and Nurse Credit Society - Equity Access

This loan is suitable for
Self Employed, Full Time, Permanent Part Time, Family Allowance A & B, Age Pension. Please refer to the Income and Debt to Servicing Ratios provided by Police and Nurses in the Lender Manuals.

Home Loan Loan Term
Maximum loan term 30 years

Home Loan Loan Size
Maximum Loan subject to credit policy.

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Home Loan Repayment Type
Interest Only.

Repayment Options
Weekly, Fortnightly or monthly.

Extra Repayments
Extra repayments permitted.

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Split Loan Facility
Available.

Offset
Not Applicable.

Redraw Facility
No but can draw up to limit at any time.

LVR for Line of Credit Home Loans - Police and Nurse Credit Society - Equity Access

Owner Occupier Maximum LVR 90%.
Investment 90%.
Construction Maximum N/A refer to lender if low LVR.
Refinance Maximum LVR 90%.
Land Maximum LVR 90%.

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Fees for Line of Credit Home Loans - Police and Nurse Credit Society - Equity Access

Fees are added to loan amount
Establishment fee $650 (metro <$1m)
Establishment fee $880 (metro >$1m on non metro property)
Monthly account keeping fee $8
Settlement Fee $168 ($110 registration of mortgage (varies per state), title search $32 and title search admin fee $26)
Establishment Fee plus Settlement Fee is shown as Establishment Fee
Documentation Fee $500 (not including WA) - shown as Preparation Fee
A Deferred Establishment Fee of $1500 is payable if 75% or more of the amount of loan is repaid within 3 years of the establishment of the loan
Valuation Fee is covered in the Establishment/Application Fee. Any additional valuation fees are charged as below:
Metro:
Property value $0 - $1M - $210
Property value $1M+ - $440
Property value $1.5M+ - at cost
Non Metro:
Property value $0 - $1M - $440
Property value $1M+ - at cost
Increase fee $410.
Fee Free transactions.
Opening any Savings Account or Lending Product required to purchase a $10 share per member/person.