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homestar™ Fixed Rate Loan |
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A simple, flexible loan, that let’s you choose one of the protection of competitive fixed rates from 1-5 years. Plus, all the benefits you need to make managing your loan very straightforward.
A Fixed Rate Loan could be the perfect loan if you are:
• A home owner or investor wanting protection from changing interest rates
• A home owner or investor seeking to combine a fixed and variable loan together
• Looking for a better deal or consolidating expensive debt
Features include:
| GENERAL |
Owner-occupied or investment purchases, construction, refinancing existing residential or investment or business
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| Loan size |
From 30,000 to $2,500,000 per security property.
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| Term |
10 to 30 years.
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| Repayments |
Principal and Interest or interest only for 2,3,5,10 years and Line of Credit 15 years.
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| Frequency |
Weekly,fortnightly or monthly
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| Extra repayments |
Extra repayments can be made up to $10,000 per annum.
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| Split loan facility |
Up to 4 separate splits per facility.
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| Re-draw facility |
Not available on fixed facility
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| Max loan to value ratio (LVR) |
80% LVR for all loans $1,000,000 to a maximum of $2,500,000;
85% LVR for all loans up to $1,000,000;
90% LVR for all loans up to $750,000;
95% LVR for investment loans up to $300,000;
95% LVR for owner occupied loans up to $650,000;
100% LVR for owner occupied loans up to $500,000 (conditions apply).
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| FEES |
Please refer to fees that don't tease.
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| OTHER CONDITIONS |
All repayents are to be made by electronic direct debit or direct salary credit.
LendersMortgage Insurance is required for all loans.The premium is payable by the borrower if the amount borrowed is greater than 80% of the value of the property (conditions apply);
Break costs will apply to fixed rate loans if fixed rate period is being broken.
Registered first mortgage over residential property as security on all loans.
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