Breakthrough Clear Full Doc 85 Breakthrough Clear Full Doc 85 (Principal & Interest) (Owner Occupied)
6.46%p.a Standard Variable
About Australian First Mortgage
Repayments calculated to take into account ongoing monthly and anual fees.
- Monthly repayment*
- rate per annum
Loan to Value Ratio
Borrow up to the maxium of 85% of the value of the property.
Lenders Mortgage Insurance, or LMI, will be payable on most loans where the borrowings are greater than 80% of the value of the property.
However, you may be able to capitalise LMI into your loan, increasing the overall loan amount by about 2% (in order to cover the cost of the insurance). Contact a loan market broker to find out how LVR and LMI might impact the cost of your loan repayments.
- Capitalise LMI
For Owner Occupied in NSW, NT, QLD, SA, WA, VIC, TAS, and ACT.
- 0 - 30 years
The level of financial documentaion and credit history required to apply for the loan.
- Full Doc
- Credit History
- Genuine Saving
- Not Required
Save on interest repayments by holding spare cash in an offset account.
- Offset account
Get quick access to cash by drawing on the loan to pay for renovations or other purchases.
- Redraw Facility
- Min Redraw
- Redraw fee
Given the wide range of loans on offer – with different interest rates, product features and fees – it pays to shop around to find the loan that fits your needs and circumstances. Some loans offer features that may be appropriate for your situation and result in savings over the life of the loan.
Some features you may wish to consider include:
- an offset account;
- ability to make extra repayments;
- a redraw facility; and
- linked credit card and savings accounts;
- ability to split your loan between fixed and variable interest rates
- Offset Account
- Redraw Available
- Credit Card
- Internet Banking
- Telephone Banking
- BPay Option
- Portability of Loan
- Professional Pack
- Check Account
- Direct Salary Credit
- Free Transactions
- Minimum Redraw
- Redraw Fee
You can make your repayments Fortnightly, Monthly, and Weekly.
- Interest Only Option
- Max Interest Only
- 0 years
Upfront fess associated with estabilishing the loan. Other loan set-up fees, such as valuation fees and lender's mortgage insurance, and Government charges, such as registration fees and stamp duty on property transfer, have not been included. These will be determined after application.
Monthly and annual fees and charges during the loan period.
Fees associated with prematurely ending the loan.
- Early Repayment
- Switch To Fixed
Non-resident lending policy: - All borrowers must be permanent residents and/or citizens of Australia or New Zealand, residing and working overseas - e.g. expatriate borrowers - Foreign citizens are now classified as an Unacceptable Borrower Type - Foreign sourced income can be used in servicing, subject to the current policy guidelines applicable to foreign income documentation and verification Loan purpose Any worthwhile purpose Full Doc Requirements: PAYG with base income only - either 2 of the 3 most recent computer generated payslips or 3 months statements from a financial institution showing regular salary credits with the name of the employer evident as a minimum PAYG with O/T and/or commissions, etc. - latest PAYG Payment Summary (computer generated) or Tax Assessment Notice are also required. Self Employed - Last 2 years full Business/ Company & Personal Taxation Returns. This must also be supported by the latest available Tax Assessment Notice. 150% year on year variance can be used. Alt Doc Requirements: Accountant Letter or 6 months BAS or 3 months Business bank statements ABN Registration: Full doc - 24 months Alt doc - 12 months Stepped rate discount not available Cash out: Unlimited to 80% LVR
Maximum LVR 90%. Risk Fee replaces LMI. Risk Fee is required on all LVR and can be capitalised. Refer to product guide for further information.
Settlement fee offer covers per loan - one standard valuation, any additional fees & charges incurred over the above specified amounts will be payable by the borrower/s. This extends to government fees and charges, additional fees relating to construction lending (where applicable), as well as annual fees (where applicable). Risk Fee applicable refer to rate sheet. Solicitor Fee plus disbursements.