Variable Rate Home Loan - Heritage - Investment Standard Variable

Comparison Rate	6.02%
Amount	$200,000
Term	30 years
Monthly Payment Est.	$1,192.68
Total Amount Paid Est.	$431,880
Establishment Fee	$600.00

5.95%

Target Market
To purchase property for Investment purposes, Investment Refinance for any worthwhile purpose. ,
Construction, extension or renovation of a residential Investment property. ,
Purchase vacant land. ,
Consolidation.

Acceptable Income
Self Employed, Salary & Wage earners ,
Rental income 75% of gross rental allowable as income (60% high rise 0% for inner city apartments)

Home Loan Loan Term
Maximum: 30 years.

Home Loan Loan Size
Minimum: $20K ,
Maximum unlimited (Refer BDM for loans over $750k).

Home Loan Repayment Type
Principal & Interest or Interest Only (Maximum: 5 years).

Repayment Options
Weekly (Monthly /4), Fortnightly (Monthly /2) or Monthly payments. ,
Ability to skip repayments if additional repayments have been made. ,
Change of term available. ,
Ability to vary repayments.

Extra Repayments
Unlimited

Split Loan Facility
Yes.

Offset
Yes - 100% daily offset (minimum balance of $500)

Redraw Facility
Yes ,
Fee <$20,000 = $20K. ,
Fee > $20,000 = $20K+ current title search fee.

LVR for Variable Rate Home Loan - Heritage - Investment Standard Variable

Construction 90% including LMI ,
Vacant Land: 90% including LMI ,
Refinance: 90% including LMI ,
Investment 90% including LMI ,
Consolidation: 85% plus LMI maximum of 4 debts

Fees for Variable Rate Home Loan - Heritage - Investment Standard Variable

Establishment Fee: $600 which includes First security valuation if required to a maximum amount of $330). ,
Additional valuations are $205min. (maybe higher depending upon Property Valuation Figure) ,
Construction progress inspection fee $110 per inspection plus mileage if applicable ,
Monthly Administration Fee $5 per month (included in repayments) ,
Deferred Establishment Fee ($0 to $600) if repaid within three years of initial funding.., on a pro-rata basis ,
Early Repayment Penalty if repaid within first year of initial funding: ,
Investment: 1 months Interest. ,
Further Advance Fee $600 ,
Switch Fee $100-$600 depending upon product being switch to.. Investment Interest Only Loans - can not be switched or refixed, application is to be rewritten/renegotiated. ,
Build Loan Progress Draw Fee - $50 fee payable at each drawdown will be charged at the time of each draw ,
Trust / Company Loan $250 additional to the application fee to partially offset solicitors charges where documents are outsourced ,
Multiple Securities Additional fee of $100 charged when there is a second or subsequent security for a loan and the security is in the same state ,
Additional fee of $150 charged where there is a second or subsequent security for a loan and the security is from a different state ,
Settlement Fees on Purchase/Refinance: ,
Agent’s Settlement Fee $0 - $250 Max. (Varies from State to State) ,
Telegraphic Transfer Fee $0 - $35 Max. ,
Settlement Fee on Payout of Existing Loan: $200.