Line of Credit Home Loan - The Rock Building Society - 1 yr fixed Equity Line

Comparison Rate	6.59%
Amount	$200,000
Term	30 years
Initial Payment Est.	$1,236.64
Monthly Payment Est.	$1,262.27
Total Amount Paid Est.	$458,940
Establishment Fee	$600.00

6.29%

Target Market
The line of Credit facility gives the client direct access to the equity in their home via Cheque book, ATM's, EFTPOS, and other direct entry facilities such as I Bank (Internet Banking).

Acceptable Income
PAYG and Self Employed applicants, Company and Trust.

Home Loan Loan Term
Maximum: 30 years.
Fixed Rate Period: 1,2, 3 and 5 years avaialbe.
Maximum Interest Only 10 Years

Home Loan Loan Size
Minimum: $50K. ,
Maximum $1M per security ,
Maximum: $3.5M total borrowings

Home Loan Repayment Type
Interest Only. ,
10 years interest only then converting to 20 years P&I.

Repayment Options
Weekly, Fortnightly or Monthly payments following conversion to P&I ,
Interest Only repayments until expiration of Interest Only Period.

Extra Repayments
Yes.

Split Loan Facility
Yes.

Offset
Not applicable.

Redraw Facility
Not Required.

LVR for Line of Credit Home Loan - The Rock Building Society - 1 yr fixed Equity Line

Owner Occupied Maximum LVR 80%. ,
Residential Investment Maximum LVR 80%. ,
Construction Maximum LVR 80%. ,
Refinance Maximum LVR 80%. ,
Vacant Land Maximum LVR 80%. ,
Debt Consolidation Maximum LVR 80%.

Fees for Line of Credit Home Loan - The Rock Building Society - 1 yr fixed Equity Line

Application Fee $600 (includes the valuation of one security property) ,
Additional Valuation Fee $275. (To the value of $1 million the Valuation Fee will be added to the Application Fee). ,
Progress Inspection Fee $125. This fee is charged for each of the first and final builders payments ,
Release Fee:$380. ,
Switch Fee:$250. ,
Monthly Account Keeping Fee $12 per month ,
Variation Fee:$275, plus $110 documentation fee. ,
Line of Credit Product - can be accessed by cheque book and "cash card". A fee applies to each debit transaction. Transfers to accounts at another financial Institution using Bank or bill payments using Bay (through Rock Direct) will be fee free. ,
All Deferred Establishment Fees: ,
Year 1 or Year 2 minimum $1,500 or 0.25% (whichever is greater). ,
Year 3 minimum $1,200 or 0.20% (whichever is greater). ,
Year 4 minimum $900 or 0.15% (whichever is greater). ,
(Calculated on the approved loan amount). ,
Plus deferred LMI if original LVR was less than or equal to 80% or $500K.