| Home Loan Lender |
 |
Westpac Home Loan |
|
| Home Loan Product Name |
First Option>$250K 0.12 Disc |
| Interest Rate |
7.01% |
Comparison Rate
Estimated |
7.15% |
| Amount |
$150,000 |
| Term |
30 years |
Monthly Payment
Estimated |
$998.96 |
Total Paid
Estimated |
$363,840 |
| Establishment Fee |
$600.00 |
| Enquire/Apply |
 
|
| Target Market |
A low variable rate home loan to buy or refinance residential real estate (must be owner occupied). Also for home construction or improvement and refinancing existing home loan. |
| Acceptable Income |
Self Employed with 2 years financials to be supplied, salary and wage earner. |
| Loan Term |
Up to 30 years. |
| Loan Size |
Minimum: $ 40K
,
Maximum: $750K (Higher amounts by exception). |
| Repayment Type |
Principle & Interest. |
| Repayment Options |
Weekly, Fortnightly or Monthly. |
| Extra Repayments |
|
| Split Loan Facility |
Not available |
| Offset |
Not available. |
| Redraw Facility |
Available to access additional repayments.
,
Access Fee: $50 charged per redraw. |
| LVR |
Owner Occupier Maximum LVR 97%
,
Investment Maximum LVR 97%
,
Construction Maximum LVR 97%
,
Refinance Maxim LVR 97%
,
Vacant Land Maximum LVR 97%
,
Debt Consolidation Maximum LVR 97%
,
Loan to Security Ratio (LSR) between 80 and 85% refer to Flyer in Lender Documents LMI Folder.
|
| Fees |
Establishment Fee:$600
,
Loan Maintenance Fee:$10 per month
,
Top Ups Occurrence Fee:$450 charged when used.
,
Additional Valuation Fees:
,
Independent valuers - for quote contact lender.
,
Deferred Establishment Fee $900 will only be charged if a customer closes their loan with Westpac within 4 years of origination for reasons such as re-financing to another institution, selling their property or early
,
repayment where they request to close their loan.
,
Progress Draw Fee $95 per draw |
| Enquire/Apply |
|