Variable Rate Home Loan - Heritage - Variable

Comparison Rate	6.02%
Amount	$200,000
Term	30 years
Monthly Payment Est.	$1,192.68
Total Amount Paid Est.	$431,880
Establishment Fee	$600.00

5.95%

Target Market
Purchase Owner Occupier. ,
Refinance an existing loan. ,
Construction, extension or renovation of a residential property. ,
Purchase vacant land. ,
Consolidation.

Acceptable Income
Self Employed, Salary & Wage earners ,
Rental income 75% of gross rental allowable as income (60% high rise, 0% inner city apartments).

Home Loan Loan Term
Maximum: 30 years.

Home Loan Loan Size
Minimum: $20K ,
Maximum unlimited (Refer BDM for loans over $750K).

Home Loan Repayment Type
Principal & Interest.

Repayment Options
Weekly (Monthly /4);Fortnightly (Monthly /2) or Monthly payments.

Extra Repayments
Unlimited.

Split Loan Facility
Yes.

Offset
Yes - 100% daily offset (minimum balance of $500).

Redraw Facility
Yes ,
Fee <$20,K = $20.00. ,
Fee > $20K = $20.00 + current title search fee.

LVR for Variable Rate Home Loan - Heritage - Variable

Existing customers - Max LVR 95% inc LMI that have opened an account prior to 17.03/09 and qualify for the FHOG. ,
New customers - Max LVR 90% inc LMI ,
Construction 90% including LMI ,
Vacant Land: 90% including LMI ,
Refinance: 90% including LMI ,
Consolidation: 85% plus LMI maximum of 4 debts

Fees for Variable Rate Home Loan - Heritage - Variable

Establishment Fee: $600, which includes First security valuation if required to a maximum amount of $330). ,
Additional valuations are $205min. (maybe higher depending upon Property valuation figure) ,
Construction progress inspection fee $110 per inspection plus mileage if applicable ,
Monthly Administration Fee $5 per month (included in repayments) ,
Deferred Establishment Fee ($0 to $600) if repaid within three years of initial funding., on a pro-rata basis. ,
Early Repayment Penalty if repaid within first year of initial funding: ,
Owner Occupied: $800. ,
Further Advance Fee $7.50 per $1000 to Max. $600 Min $400. ,
Switch Fee $100-$600 depending upon product being switch to. ,
Build Loan Progress Draw Fee - $50 fee payable at each drawdown will be charged at the time of each draw. ,
Trust / Company Loan $250 additional to the application fee to partially offset solicitors charges where documents are outsourced ,
Multiple Securities Additional fee of $100 charged when there is a second or subsequent security for a loan and the security is in the same state ,
Additional fee of $150 charged where there is a second or subsequent security for a loan and the security is from a different state. ,
Settlement Fees on Purchase/Refinance: ,
Agent’s Settlement Fee $0-$250 (Varies from State to State) ,
Finalisation Fee $200 ( Payout of loan). ,
Telegraphic Transfer Fee $0 - $35 Max.