Variable Rate Home Loan - Keystart - Keystart (WA Only)

Comparison Rate	6.31%
Amount	$200,000
Term	30 years
Monthly Payment Est.	$1,234.04
Total Amount Paid Est.	$444,915
Establishment Fee	$675.00

6.27%

Target Market
To enable clients to purchase an established property or to buy residential land and build with a minimal Deposit - exclusive to Western Australia.

Acceptable Income
The UMI Assessment will provide a Net Disposable Income (NDI) Ratio, which must be a minimum of 1.00:1 or greater for the loan amount sought to be approved. PAYG, PAYG under contract, Self Employed, Allowances: Shift, ffshore, Casual, Permanent Part Time, Maintenance, Centrelink Pensions, Aged, Newstart, Youth Allowance, Parenting & Carers Allowance, Sickness & Special Benefits ,
Maximum assessed income $120K per application (i.e. per household) ,
PAYG, PAYG under contract, Self Employed, Allowances: Shift, Offshore, Casual, Permanent Part Time, Maintenance, Centrelink Pensions, Aged, Newstart, Youth Allowance, Parenting & Carers Allowance, Sickness & Special Benefits

Home Loan Loan Term
Maximum loan term 30 years subject to conditions

Home Loan Loan Size
Maximum amount $475K (including Fee Assistance) ,
Maximum security property value $500K - North West (above 26th parallel), other regions max $412,000.

Home Loan Repayment Type
Principal & Interest ( Interest Only for 12 months available for Land Only Loans).

Repayment Options
Weekly, Fortnightly or Monthly though all repayments based on the Monthly payment (e.g. monthly rep divided by 4 for weekly).

Extra Repayments
Additional repayments permitted.

Split Loan Facility
Not available.

Offset
Not available.

Redraw Facility
Redraws are now available for "all purposes". ,
There is no longer the need to supply invoices for work to be completed and the redraw amount can be released back to the client. ,
Minimum Redraw is $1K. ,
No fee for Redraw.

LVR for Variable Rate Home Loan - Keystart - Keystart (WA Only)

Owner Occupier LVR 96% ,
Investment Maximum LVR 0 ,
Construction Maximum LVR 96% ,
Refinancing Maximum LVR 0 ,
Security Value Maximum LVR Maximum Loan ,
Up to $450K 96% $432K ,
$450,001 to $500K 95% $475K ,
For an existing Keystart loan, re-finance may also be considered in cases of partnership breakdown where a pay-out of a partner is required. Keystart may approve such loans up to the Keystart loan maximum, taking into account the amount of the existing loans and the additional advance required to pay out the partner.

Fees for Variable Rate Home Loan - Keystart - Keystart (WA Only)

Loan Establishment Fee $500 ,
Valuation Fee $175- (initial fee includes GST country valuation are subsidised to a maximum amount of $400) note payment of valuation fees can be made by Visa, Bankcard or MasterCard - cardholder to complete in full and sign the authority and fax through or send it with your application. ,
Progress Payment Fee $65 (maximum of 3) ,
Settlement Fee: N/A ,
Legal Fees $239.45 (Fee displayed as Mortgage Preparation ) ,
Deferred Establishment Fee ,
within the first 24months of funding date 0.8% ,
between 24 to 36 months of funding date 0.6% ,
between 36 to 48 months of funding date 0.4% ,
between 48 to 60 months of funding date 0.2% ,
more than 60 months from funding date $Nil ,
Fees ,
Loan increase amounts will include covering ,
the fees associated with the increase. These are as follows ,
Application Fee $200 (waived when increasing Land Only Loan for Construction) ,
Valuation Fee $175 metro, at cost for country areas (No subsidy) ,
Progress Inspections $65 per inspection (refer contract) where structural improvements are being completed ,
Legal Fees - DHW $22 ,
Stamp Duty In accordance with current rates.