Low Doc Home Loan - Home Loans Ltd - Premium Lo Doc Pro Pack

Comparison Rate	6.85%
Amount	$200,000
Term	30 years
Monthly Payment Est.	$1,276.00
Total Amount Paid Est.	$469,759
Establishment Fee	$499.00

6.59%

Target Market
The Homeloans Premium Lo Doc is a fully featured loan for purchase, or refinance (Owner Occupied refinance only) . A discounted rate is available for an annual fee. It is best suited to borrowers who are self-employed or full-time investors and are unable to provide extensive financial statements or taxation returns. Borrowers must hold an ABN for 2 years.

Acceptable Income
One borrower must be self-employed or a full-time investor for at least the past 2 years, have a current ABN which has been registered for a min of 2 years, and have been registered for GST for at least 12 months. Any co-applicant may be PAYG. Any variations or exclusions, please contact you BDM.

Home Loan Loan Term
Principal & Interest: 5-30 years.
Interest Only: 1-10 years.

Home Loan Loan Size
Minimum $30K ,
Maximum $1M

Home Loan Repayment Type
Principal & Interest: 5-30 years ,
Interest Only: 1-10 years ,
Once Principal & Interest option is selected, P&I repayments are required for the term of the loan. ,
Interest only converts to P&I after maximum of 10 years for the remainder of the time.

Repayment Options
Monthly, fortnightly or weekly.

Extra Repayments
Additional repayments may be made at any time (not applicable for fixed option)

Split Loan Facility
Available.

Offset
Not available.

Redraw Facility
Available. No fee and no minimum redraw amount. Telephone & Internet Banking, ATM and EFTPOS and Direct credit.

LVR for Low Doc Home Loan - Home Loans Ltd - Premium Lo Doc Pro Pack

Owner Occupied Maximum LVR 80% including LMI ,
Investment Maximum LVR 80% ,
Refinancing Maximum LVR 80% (Owner Occupied refinance only) ,
Construction Maximum LVR 80%

Fees for Low Doc Home Loan - Home Loans Ltd - Premium Lo Doc Pro Pack

Application Fee $499 Includes one standard valuation ,
Ongoing Fee $0 ,
Mortgage Prep Fee $365 (Legal & Loan Processing Fee & Settlement Fee) ,
Deferred Establishment Fee Payable if the customer discharges the loan within the first 5 years. 2.0 x notional repayment is payable where the loan facility is fully repaid within 5 years of settlement. ,
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Pro Pack: ,
Mortgage Prep Fee $502.50 ( Legal & Loan Processing Fee & Settlement Fee) ,
Deferred Establishment Fee Payable if the customer discharges the loan within the first 5 years. 3.0 x notional repayment is payable where the loan facility is fully repaid within 5 years of settlement.