Premier First – Full Doc
Loan purpose |
Purchase or Refinance of residential Owner Occupied or Investment security property. Other worthwhile purposes also considered
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Suitable Borrowers |
PAYG or Self Employed first home buyers or rate conscious borrowers who only need basic features. All borrowers must provide standard income evidence for the last two financial years. A clear credit history is essential. Companies & Trusts also considered
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Loan Amounts |
$50,000 - $750,000 per security
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Maximum LVR |
Up to 95% of purchase price or valuation, whichever is less (limited to 90%LVR for refinance)
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Loan Term |
Up to 30 years
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Interest Rate Options |
Variable or Fixed : Split = Part Fixed & Part Variable : Interest Only up to 10 yrs or Principal & Interest up to 30 yrs
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Repayment Options |
Repayments are deducted from your nominated bank account weekly, fortnightly, or monthly. In variable rate mode, extra repayments are allowed at any time without penalty.
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Redraw Facility |
Unlimited via telephone or internet banking in variable rate mode. $30 per redraw with a minimum redraw amount of $500. Funds will be available in your nominated bank account 2-3 working days after the request is processed
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Loan Statements |
Download a statement for free at any time via your internet banking. Statements are also posted semi-annually (end of year & end of financial year)
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Acceptable Securities |
Registered 1st mortgage over your residential owner occupied or investment property. Must be larger than 50sq.m and have a separate certificate of title.
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Portability |
Transfer your loan to other suitable security property in the event you sell your existing security property provided a simultaneous settlement occurs. Fees & charges may apply.
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Construction |
Unavailable
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Establishment Fees |
No ongoing or application fee. The only upfront cost is a standard valuation & legal fee. A settlement fee will be deducted from your settlement funds. These costs will be outlined in your Letter of Offer. Statutory Government fees & charges apply.
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Exit Fees |
A Deferred Establishment Fee is payable when the loan is discharged within the first 5 years from the date of settlement
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Mortgage Insurance |
The Mortgage Insurance Premium is not payable for loans under $1mil and 80%LVR. In the event you are required to pay the mortgage insurance premium it is deducted from the loan amount.
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