Line of Credit Home Loan - BankWest - Equity Access

Comparison Rate	6.39%
Amount	$200,000
Term	30 years
Monthly Payment Est.	$1,222.34
Total Amount Paid Est.	$449,670
Establishment Fee	$0.00

6.18%

Target Market
Equity Access is an ongoing source of instant, low cost finance which is secured against the equity in your house.The facility is a revolving line of credit with the option of a MasterCard Debit. The loan has a fully fluctuating variable rate which can be used for personal purposes. The facility must not go in to credit at any time.

Acceptable Income
Acceptable income: Self employed the last 2 years financials for all related parties were possible. Individual directors and any guarantor involved in the deal. Salary and wage earners.

Home Loan Loan Term
Subject to annual review.

Home Loan Loan Size
Minimum loan $20K

Home Loan Repayment Type
Minimum requirement of Interest only if limit is fully drawn. ,
Interest only available for investment loans up to a maximum of 5 years

Repayment Options
Weekly, fortnightly, or monthly

Extra Repayments
Surplus repayments permitted at any time. ,
Early Discharge no penalties apply.

Split Loan Facility
Yes

Offset
Not available

Redraw Facility
Home loan access to any surplus funds accumulated on the loan fees and conditions apply. ,
Home Loan Access (over the counter) minimum $1,000.00 per transaction - $50 per time. .

LVR for Line of Credit Home Loan - BankWest - Equity Access

Owner Occupied: Max 90% LVR. ,
Investment: Max 90% LVR. ,
Construction 90% LVR ,
Debt consolidation 90% LVR ,
Land 90% LVR

Fees for Line of Credit Home Loan - BankWest - Equity Access

Application Fee: Nil ,
Annual Maintenance $325 paid in advance ,
If the valuation fee is above $200 or if the customers legal costs are above $300 the customer will be required to pay the additional costs ,
Access Withdrawal Fee 50 free transactions per month. (Transactions include all customer initiated withdrawals.) For each withdrawal over the limit, $2.00 will be charged to the account ,
When Equity Access is taken the maintenance fee on existing and new BankWest home loans is waived. If subsequent home loans are applied for, the application fee is waived on these as well. When two Equity Access accounts are taken the up-front and annual maintenance fee on the second account is waived. ,
,
Discharge Mortgage Fee Doc Prep $300 ,
Discharge Mortgage Settlement Attendance Fee $300 ,
Progress payments $80 ,
Valuation Fees ,
For all States, the maximum fee that will be absorbed as part of the application fee for the first valuation is as follows: ,
Western Australia $180 + GST Queensland $200 + GST New South Wales $200 + GST Tasmania $200 + GST South Australia $200 + GST Victoria $200 + GST Canberra $200 + GST Northern Territory $210 + GST ,
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 ,
No DEF is applicable