| Home Loan Lender |
 |
The Rock Building Society Home Loan |
|
| Home Loan Product Name |
Rock Star >$250K 0.75% Disc |
| Interest Rate |
8.72% |
Comparison Rate
Estimated |
8.95% |
| Amount |
$150,000 |
| Term |
30 years |
Monthly Payment
Estimated |
$1,176.84 |
Total Paid
Estimated |
$432,720 |
| Establishment Fee |
$0.00 |
| Enquire/Apply |
 
|
| Target Market |
A home loan available to members consisting of discounted rates.
,
This package is available to professionals and non professional clients. |
| Acceptable Income |
Income calculation for serviceability is reliant upon Mortgage Insurance approval by either Genworth or PMI. There are different calculations, test rates and guidelines. Access to criteria for PMI can be accessed via Website www.PMIGroup.com.au. Use the Genworth Calculator at current standard rates as an average test of serviceability. |
| Loan Term |
Maximum loan term 30 years.
,
Maximum Interest Only term 5 years. |
| Loan Size |
Minimum $100K.
,
Maximum $3.5M. |
| Repayment Type |
Principal & Interest.
,
Interest Only maximum term 5 years.
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Variable or Fixed. |
| Repayment Options |
Weekly, Fortnightly or Monthly. |
| Extra Repayments |
|
| Split Loan Facility |
Yes up to six splits. |
| Offset |
Two 100% offset accounts available with no monthly fee. |
| Redraw Facility |
Yes. Account to have one payment in advance. Any amount in addition may be redrawn at anytime. Minimum amount $1K at no cost. Maximum LVR after redraw not to exceed 95%.. |
| LVR |
Owner Occupied & Construction Maximum LVR 95% plus LMI.
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Residential Investment Maximum LVR 95%.
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Vacant Land: Maximum LVR 95%.
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Interest Only Loans Maximum LVR:90%.
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Refinancing:Maximum LVR 95%.
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Debt consolidation: Maximum LVR 90%. |
| Fees |
Application Fee $Nil (includes the valuation of one security property)
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Additional Valuation Fee $275. (To the value of $1 million the Valuation Fee will be added to the Application Fee).
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Annual Package Fee $300
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Note The Rock Star Combined Package combined with the Home Loan Cruncher will incur one annual package free of $360.
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Progress Inspection Fee $125. This fee is charged for each of the first and final builders payments
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Account Keeping Fee Nil.
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Access Fees Free Internet banking, Phone banking, ATM and EFTPOS.
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All Deferred Establishment Fees:
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Year 1 or Year 2 minimum $1,500 or 0.25% (whichever is greater).
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Year 3 minimum $1,200 or 0.20% (whichever is greater).
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Year 4 minimum $900 or 0.15% (whichever is greater).
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(Calculated on the approved loan amount). Plus differed LMI premium if original LVR was less then or equal to 80%
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Release Fee:$380.
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Switch Fee:$250. |
| Enquire/Apply |
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