Low Doc Home Loan - Choicelend - Performance Plus Low Doc (Borrower Pays LMI) 3 Yr Fixed Rate Lock (50)

Comparison Rate	7.04%
Amount	$200,000
Term	30 years
Initial Payment Est.	$1,561.99
Monthly Payment Est.	$1,267.27
Total Amount Paid Est.	$467,440
Establishment Fee	$700.00

8.67%

Target Market
Self-Employed borrowers who do not have up to date financials

Acceptable Income
Casual - As additional borrower only (Primary borrower must be Self Employed) ,
Commissions - As additional borrower only (Primary borrower must be Self Employed) ,
DSS Pension - As additional borrower only (Primary borrower must be Self Employed) ,
Dividends - 80% Acceptable (2 years history) ,
Family Allowance - As additional borrower only (Primary borrower must be Self Employed) ,
Gross Income - As additional borrower only (Primary borrower must be Self Employed) ,
Permanent Pension - As additional borrower only (Primary borrower must be Self Employed) ,
Regular Overtime (QBE) - 100% (12 months history) ,
Regular Overtime (Genworth) - 50% Acceptable, excluding applicants employed in essential services such as ambulance, fire, police, nurses etc. (must be verified as ongoing and a condition of employment) ,
Rental Income - Acceptable ,
Second Job - As additional borrower only (Primary borrower must be Self Employed) ,
Self Employed Primary applicant must be self employed. (All Self employed borrowers must have an active ABN for at least 2 years and GST registration for at least 12 months. Refer to Mortgage Insurer for additional document requirements.)

Home Loan Loan Term
Maximum overall loan term is 30 years.

Home Loan Loan Size
Minimum: $30K ,
Maximum: $1 Million Metro areas - $750k regional areas, $500k Australia wide

Home Loan Repayment Type
Principal & Interest & Interest Only up to 10 yrs.

Repayment Options
Weekly, Fortnightly or Monthly

Extra Repayments
Additional repayments only available for Variable products

Split Loan Facility
Available up to 4 splits with combination of Equity Plus. Minimum split amount $20,000

Offset
Offset Not Available

Redraw Facility
Redraw only Available (redraw fee $45 per manual redraw, phone/internet $0, no minimum redraw amount). Funds are transferred to the borrower’s nominated bank account via direct credit within two business days.

LVR for Low Doc Home Loan - Choicelend - Performance Plus Low Doc (Borrower Pays LMI) 3 Yr Fixed Rate Lock (50)

Owner Occupied Maximum LVR 80% ,
Investment Maximum LVR 80% ,
Construction Maximum 80% (Fixed N/A) ,
Refinancing Maximum LVR 80%

Fees for Low Doc Home Loan - Choicelend - Performance Plus Low Doc (Borrower Pays LMI) 3 Yr Fixed Rate Lock (50)

Application Fee $700 (Nil application fee option available - an increase of 0.10% applies to the advertised interest rate. Contact ChoiceLend Lending for more information) ,
Extra Valuation Fee At Cost (Required if initial valuation is older than 90 days at settlement or if multiple securities - refer to ChoiceLend Lending for costs) ,
Discharge Fee $295 (Fee is for full Discharge. Partial Discharge or security substitution Costs as follows: ,
- production fee is charge $99.00 (inc. GST) ,
- re-documentation fee $250.00 (inc. GST) ,
- title insurance (refer to Title Insurance Matrix) ,
- LMI Premium (only applicable if loan or LVR is increasing): refer appropriate program) ,
Deferred Establishment Fee Yes (Designated Early Repayment Fee applies if loan is discharged within 5 years, 2 Notional Monthly Repayment) ,
Switching Fee $100 ,
Other Fees $105 Title Insurance Fee (amount shown is for single security under $600k) please refer to attached table for multiple security costs or for securities > $600k ,
Portability Fee $100 ,
Split Fee $100 (Restructure Administration Fee - per request) ,
Rate Lock Fee $395