Variable Rate Home Loan - AMP - Construction

Comparison Rate	6.53%
Amount	$200,000
Term	30 years
Monthly Payment Est.	$1,249.70
Total Amount Paid Est.	$454,350
Establishment Fee	$750.00

6.39%

Target Market
Used for the purchase of vacant land (with intent to complete construction within 12 months), constructing a building on vacant land or to make structural renovations to an existing property located in a metropolitan area.

Acceptable Income
PAYG, Self Employed, Salary & Wage Earners

Home Loan Loan Term
Maximum term of construction period 1 year
Minimum full term 10 years
Maximum overall loan term 30 years

Home Loan Loan Size
Minimum loan $40K ,
Maximum loan $850K

Home Loan Repayment Type
Interest Only

Repayment Options
Monthly

Extra Repayments
No. More frequent scheduled repayments are not permitted

Split Loan Facility
Not available

Offset
Not Available

Redraw Facility
Not available

LVR for Variable Rate Home Loan - AMP - Construction

Owner Occupied Maximum LVR 90% ,
Investment Maximum LVR 90% ,
Construction Maximum LVR 90% ,
Refinancing Maximum LVR N/A ,
Vacant Land Maximum LVR 90% (only if commencing construction within 12 months) ,
Debt consolidation Maximum LVR N/A

Fees for Variable Rate Home Loan - AMP - Construction

Establishment Fee of $350 plus progress payments of $400 (4x100) ,
Settlement Fee of $250 plus Solicitors Fee $295 (Displayed Mortgage Prep Fee) ,
Monthly Account Management Fee $0 ,
LMI processing Fee $100 (in addition to any LMI premium payable) ,
Deferred Establishment Fee $ 1,000 if discharged within 4 years from original ,
First valuation is free. For valuations <$1M customers pays excess of $220 for metro and $330 for non-metro. For $1M customer pays excess of $550 in all areas. ,
Loan Variation Fee / Switch / Increase Fee $350 ,
Pre Approval Fee $350