The All Rounder Home Loan has the best combination of variable and fixed rates and is therefore very suitable for borrowers looking to split their loan between fixed and variable rates.
|
Feature |
All Rounder |
LO DOC Allrounder |
|
Purpose |
Owner occupied or investment |
Investment purposes only |
|
Interest Rate |
8.70% variable
includes MAR 08 RBA rate rise |
9.10%
includes Feb 08 RBA Rate Rise |
|
Comparison Rate* |
8.75% |
9.15% |
| Fixed Rates |
3 Year fixed - 9.15% 5 year fixed - 9.15%, Rate lock fee of .20% can be paid to secure the fixed rate (conditions apply) |
3 Year fixed - 9.30% 5 year fixed- 9.30% Rate lock fee of .20% can be paid to secure the fixed rate (conditions apply) |
|
Application Fee |
$0 |
$0 |
|
Valuation Fee |
$350 (for one standard security property)
. |
$350 (for one standard security property) |
|
Lenders Legal professional fee (not including settlement disbursements) |
$440 (for one standard security property) plus $55 settlement fee.
|
$440 (for one standard security property) plus $55 settlement fee. |
| Other Settlement Costs | Costs such as Gov't fees, registration of mortgage and settlement disbursements and additional costs for trust or company borrowers are paid by the borrower. | Costs such as Gov't fees, registration of mortgage and settlement disbursements and additional costs for trust or company borrowers are paid by the borrower. |
|
Minimum Loan Amount |
$50,000 |
$50,000 |
|
Max Loan Amount |
$1,000,000 |
$1,000,000 |
|
Max LVR |
100% |
80% |
|
Lenders Mortgage Insurance |
payable for loans above 80% |
Payable on all loans - consultant will quote premium |
|
Monthly or Annual fee |
Nil |
Nil |
|
Redraw |
Yes, no minimum and no cost. Not available on fixed rates portions. |
Yes, no minimum and no cost. Not available on fixed rates portions. |
|
Split Loan Available |
Up to 3 splits available, no cost |
Up to 3 splits available, no cost |
|
Offset Account |
No |
No |
|
Internet Account |
Yes |
Yes |
|
Telephone Banking |
Yes |
Yes |
|
Fixed Rates |
Yes |
Yes |
|
Fee to Fix |
rate lock fee at borrower discretion |
rate lock fee at borrower discretion |
|
Construction |
yes |
No |
|
Repayment Frequency |
Monthly, Fortnightly or weekly |
Monthly, Fortnightly or weekly |
|
Extra Repayments |
Yes, unlimited on variable rate,
Nil on fixed rates |
Yes, unlimited on variable rate,
Nil on fixed rates |
|
Early Repayment Fee |
.6% in first five years |
.6% in first five years |
#WARNING: The comparison rate is calculated on a loan of $250,000 over 25 years. This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. A full copy of the comparison rate schedule is available upon request. All loans are subject to the lenders normal terms and conditions. Loan qualification criteria apply.
To apply for a home Loan or to request further information on a loan please call 1300 887 432 or email info@advantagefinance.com.au.