Bridging Home Loan - BankWest - Bridging Loan

Comparison Rate	6.35%
Amount	$200,000
Term	30 years
Monthly Payment Est.	$1,224.94
Total Amount Paid Est.	$447,100
Establishment Fee	$700.00

6.20%

Target Market
For personal use when temporary funds are required for the purchase of a property prior to the sale of an existing property

Acceptable Income
End debt must be within NICL guidelines. Need to supply a Nil showing end debt and a Nil showing peak debt

Home Loan Loan Term
6 month term, will then review, may allow another 6 month term. Would require up to date information would need to review why still bridging

Home Loan Loan Size
Min $20,000. No maximum

Home Loan Repayment Type
Interest Only, Max LVR 70% will capitalise Interest, but must remain under 70%. ,
Principal and interest - Current Mortgage Shredder Interest Rate used for bridging

Repayment Options
Based on end loan amount ,
Weekly, fortnightly or monthly, Principal and interest or interest only

Extra Repayments
Yes

Split Loan Facility
Not available

Offset
Available if the Mortgage Shredder offset account is taken

Redraw Facility
Not available on bridging component. ,
Available. Complete the Home Loan Access Form and fax to BankWest, actioned within 2 days free of charge. ,
Home Loan Access (over the counter) minimum $1,000.00 per transaction - $50 per time. .

LVR for Bridging Home Loan - BankWest - Bridging Loan

Only allowed on Owner Occupier and existing Investment ,
Owner Occupy Maximum 70% ,
Investment Maximum 70%

Fees for Bridging Home Loan - BankWest - Bridging Loan

Establishment Fee $700 ,
Administration Fee Nil ,
Settlement Processing Fee As per normal settlement fees ,
Increase fee Nil ,
Account Keeping Fee $15 pm if optional mortgage shredder offset account is taken. ,
If the customers legal costs are above $300 the customer will be required to pay the additional costs ,
Note Valuation for properties >than $1million contact lender for quote ,
Company / Trust Fee $300 ,
Rework fee $100 to be charged when a customer initiates a change to the terms of their application after Loan documents have been issued. ,
Express Courier Fee $7.87 (payable for all non WA Based Housing Loan) ,
Legal Disbursement Fee $60 applicable to East Coast Only ,
Discharge Mortgage Fee Doc Prep $300 ,
Discharge Mortgage Settlement Attendance Fee $300 ,
No DEF is applicable