Bridging Home Loan - Home Loans Ltd - Go Between Loan

Comparison Rate	6.24%
Amount	$200,000
Term	30 years
Monthly Payment Est.	$1,224.94
Total Amount Paid Est.	$441,499
Establishment Fee	$499.00

6.20%

Target Market
The Go-Between loan will fund the purchase of your new home with no extra repayments for six months or until you sell your current property. For construction you are not required to make repayments for the first 12 months. ,
However you can make regular or one off payments at any time if you choose. This way you aren’t forced to take less than market value in an effort to sell your home in a hurry. Refinance a first mortgage or take a second registered mortgage over an owner occupied or investment property (your existing property), in conjunction with a first registered mortgage over a new owner occupied or investment property.

Acceptable Income
PAYG, Self-employed, Second job, Car allowance, Permanent allowances, Commissions, Centrelink long term pensions, Austudy, Superannuation payments, Family tax benefits, Child support/maintenance, Rental income, Share dividends, royalties, interest, annuities, distributions from property trusts and other sustainable income from investments. NOTE: Special conditions apply for each income, please contact your BDM for further information .

Home Loan Loan Term
Principal & Interest: 5-30 years
Interest Only: 1-10 years

Home Loan Loan Size
Minimum: $10K ,
Maximum: ,
up to 80% LVR: $2m ,
up to 75% LVR: $2.5m ,
up to 70% LVR: $3m ,
up to 65% LVR: >$3.5m

Home Loan Repayment Type
Principal & Interest repayments are required once the Go Between period is complete. ,
Interest-Only: Up to 10 years interest-only, converting to P&I for the remainder of the loan term.

Repayment Options
Monthly, fortnightly or weekly by direct debit. ,
For established property: you are not required to make any repayments for the first six months or until the sale of your existing property (whichever occurs first). ,
For construction: you are not required to make repayments for the first 12 months. However you can make regular or one off payments at any time if you choose.

Extra Repayments
Additional repayments may be made at any time. During a fixed rate period up to maximum of $20K per annum over and above the normal repayments are permitted.

Split Loan Facility
Available.

Offset
100% Offset facility available: ,
Minimum account balance: $0 (opening and operating) ,
Maximum account balance: No maximum. However the customer receives no benefit (or interest) on any offset balance that exceeds the loan balance. ,
Repayments must be debited from the offset balance ,
Interest and statements: Interest is calculated daily. Statements are issued monthly ,
Transactions fees: Borrower receives $20 worth of free transactions p/m, then fees apply. ,
Go Between 100% Offset facility during the Go Between Period. Loan increases are available after Go Between and redraw is only available after the initial Go Between period.

Redraw Facility
Only available after the initial Go Between period. After Go Between period available during both variable and fixed rate periods. Free if done via Internet and Telephone banking with minimum redraw of $500. Manual fee: $50 and minim redraw $2000.

LVR for Bridging Home Loan - Home Loans Ltd - Go Between Loan

Owner Occupied Maximum LVR 90% ,
Investment Maximum LVR 90% ,
Construction Maximum LVR 90% ,
Refinancing Maximum LVR 90% ,
Vacant Land Maximum LVR 90% ,
Debt consolidation Maximum LVR 90%

Fees for Bridging Home Loan - Home Loans Ltd - Go Between Loan

Establishment Fee $499 (Application fee includes one standard valuation fee) ,
Mortgage Prep Fee - $395 ( Legal & Loan Processing Fee & Settlement Fee) ,
Valuation Fee Included in Application Fee ,
Additional Contract Fee $50 ,
0ngoing Fee Nil ,
Redraw Fee: After Go Between period - Nil Fees apply if done via telephone and internet banking. Manual fee: $50 ,
Split Fee: $100 ,
Switch Fee: $250 (Switch from variable to fixed rate) ,
Refix Fee: Nil (Refix the fixed rate) ,
Deferred Establishment Fee: ,
0 -12m = 1.25%; 13-24m = 0.94%; 25-36m = 0.625%; 37-48m =0.31% of approval amount.