Intro Rate Home Loan - BankWest - Mortgage Shredder Intro Fixed

Comparison Rate	6.38%
Amount	$200,000
Term	30 years
Initial Payment Est.	$1,309.18
Monthly Payment Est.	$1,226.62
Total Amount Paid Est.	$447,724
Establishment Fee	$700.00

6.84%

Target Market
Variable interest rate housing loan for customers purchasing a residential property for owner-occupier, investment or construction purposes with discounted introductory rates for 12 months

Acceptable Income

Home Loan Loan Term
1 year to a maximum of 30 years.
Intro rates available for 1 year. Further 29 years on Mortgage Shredder. Option of further 29 years on Lite Plus (providing Home Loan Transfer form is completed at the end of intro period, if form is not completed then product will revert to Mortgage Shredder).

Home Loan Loan Size
$20,000 minimum ,
No maximum ,
Loans above $1mil to $1.5mil LVR 90% - must have multiple security ,
Loan Types Principal & Interest Equity Line component limited to $750K

Home Loan Repayment Type
Principal & Interest ,
Interest Only during construction 1-5 years reverting to Principal & Interest ,
Interest Only is also available for Owner Occupied & Investment Loans for up to 5 years.

Repayment Options
Weekly, Fortnightly or Monthly.

Extra Repayments
Extra payments can be made at any time

Split Loan Facility
Yes

Offset
100% offset optional with Mortgage Shredder Home Loan with a Mortgage Shredder Offset Account (fees apply) otherwise 0% to 40% Offset on Fixed Rate Home Loan and Standard Variable Home Loan. ,
Intro Variable: To Offset the Home Loan, a Mortgage Shredder Offset Account will be required.

Redraw Facility
Available. Complete the Home Loan Access Form and fax to BankWest, actioned within 2 days free of charge. ,
Home Loan Access (over the counter) minimum $1,000.00 per transaction - $50 per time. .

LVR for Intro Rate Home Loan - BankWest - Mortgage Shredder Intro Fixed

Owner Occupied: 95% LVR plus LMI cap (full loan amount must be on Mortgage Shredder to lend above 90%) ,
Investment 95% LVR ,
Refinance 90% LVR (Existing Bankwest customers may go higher - assesed case by case) ,
Construction (O/O) 95% LVR ,
Vacant Land 95% LVR ,
Intro Products Max LVR 90%

Fees for Intro Rate Home Loan - BankWest - Mortgage Shredder Intro Fixed

Application Fee: $700 (Includes 1 free valuation). ,
Ongoing Fees: Nil (Complimentary BankWise membership) ,
Offset Account Monthly Fee: $15 ,
Intro Fixed Monthly Fee: $12 ,
Early Repayment Fees: $1500 fee may apply if 75 - 100% of the loan is repaid within 3 years. No Fee if switching to another BankWest product. ,
Discharge Mortgage Fee Doc Prep $300 ,
Discharge Mortgage Settlement Attendance Fee $300 ,
Progress payments $80 regardless of loan amount will now be required at Assessment, Plate height, Lock-up and Final Payment ,
Valuation Fees: ,
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. ,
For all states, the maximum fee that will be absorbed as part of the application fee for the first valuation is as follows: ,
- South Australia $200 + GST ,
- Victoria $200 + GST ,
- Canberra $200 + GST ,
- Northern Territory $210 + GST ,
- Note Valuation for properties >$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 ,
Rate Lock Fee (Intro Fixed Product): 0.15% of loan amount or $450, whichever is higher.