Low Doc Home Loan - Commonwealth Bank - MAV Lo Doc LOC $350K<$750k 0.60% Disc

Comparison Rate	5.98%
Amount	$200,000
Term	30 years
Monthly Payment Est.	$1,165.88
Total Amount Paid Est.	$430,260
Establishment Fee	$0.00

5.74%

Target Market
A Low Doc enable you to offer Home Loans & Investment Loans to self employed applicants who are unable to provide the usual verification documentation in the last 2 years taxation returns or financial statements and most recent Taxation Notice of Assessment ,
Eligible borrowers have 20% equity an existing real estate ,
hold equity from recent sale of real estate ,
can provide evidence of 20% equity as genuine savings

Acceptable Income
2 years Self Employed (Self Declaration) ,
Note one applicant must have been self-employed within the same industry (within Australia) for at least two years. ,
Where LVR is >60% Applicant must provide Business Activity Statements for the past 12 months. ,
Note DSR on Serviceability Calculator to reflect pass decision with maximum 50%. Refer to BDM or Broker Assist.

Home Loan Loan Term
Minimum: No minimum
Maximum: 30 years (subject to expected retirement age of applicant), Interest Only Period - 5 years

Home Loan Loan Size
Minimum: $20,000 ,
Applications that exceed $1,000,000 will be considered by Genworth on a case by case basis.

Home Loan Repayment Type
Principal and Interest and Interest Only and Owner Occupied and Investment ,
Loan options available Standard Variable Rate Home Loan and Standard Variable Rate Investment Home Loan ,
Loan options not available ,
All Intro Loans ,
Fixed Rate Loans ,
Equity Advantage & MAV/MAVPLUS

Repayment Options
Weekly, fortnightly or monthly repayments

Extra Repayments
Extra Repayments:Permitted

Split Loan Facility
Non applicable

Offset
Not applicable

Redraw Facility
Not applicable

LVR for Low Doc Home Loan - Commonwealth Bank - MAV Lo Doc LOC $350K<$750k 0.60% Disc

Owner Occupier Refinance Debt Consolidation Investment ,
Loans for refinanced must be supported by evidence of satisfactory repayment history (i.e. 6 months statements on loans being refinanced). ,
Maximum LVR 80 % (plus LMI to a maximum of 82%) ,
,
Mortgage Advantage Low Doc Loans - Max LVR 60%

Fees for Low Doc Home Loan - Commonwealth Bank - MAV Lo Doc LOC $350K<$750k 0.60% Disc

Application Fee: $600 ($300 for each subsequent loan if there is an existing loan). ,
Off The Plan purchases incur an application fee of $800 ,
Monthly Loan Service Fee: $12 ,
Switching Fee: Up to $600 (where switching is allowed) ,
Portability Security Substitution: $300 ,
A settlement fee of $150 will apply to all H/L Invest Loans/ Lines of Credit/ where the bank is required to physically attend a settlement and where a new mortgage security to be obtained (Fee displayed as Mortgage Preparation ) ,
Settlement Fee - Discharge: $350 ,
Other fees and charges are payable. ,
Security Substitution Fee - $300 If your customer substitutes new security for the loan, they must pay this fee plus any other applicable Bank fees and Government charges. ,
Stamp Duty on the Mortgage ,
Calculated on the amount of the loan and payable to the State Government Stamp Duty authority ,
NB: If the customer is buying a property, Stamp Duty on the transfer purchase price will also be payable to the State Government. ,
Refer the customer to their solicitors as to other costs they might incur. ,
Switching Fee - $300 This fee is payable if your customer applies to switch all or part of their home loan or investment home loan to another home loan or investment home loan product. ,
It does not include any out-of-pocket expenses which may be payable to a third party e.g. Stamp Duty ,
LMI Arrangement Fee - The amount of LMI payable may vary according to individual loans and is based on the loan amount. Note a LMI Arrangement fee, $20.00 will apply