Self Employed Home Loan F680 70% 80% Self Employed Home Loan - F680 - 70% - 80% - (Principal & Interest)
-
5.28%p.a Standard Variable
-
5.41%p.a Comparison**
-
$2,245Upfront fees
-
$180Annual fees
-
80%Max LVR
-
$2,119Per Month*
About Better Choice Home Loans
Standard Variable
Repayments calculated to take into account ongoing monthly and anual fees.
- Monthly repayment*
- $2,119
- rate per annum
- 5.28%
Loan to Value Ratio
Borrow up to the maxium of 80% 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.
- Lvr
- 80%
- Capitalise LMI
- Yes
Availability
For Equity, Investment, and Owner Occupied in NSW, NT, QLD, SA, WA, VIC, TAS, and ACT.
- Term
- 10 - 30 years
- Min
- $100,000
- Max
- $1,000,000
Eligibility
The level of financial documentaion and credit history required to apply for the loan.
- Financials
- Full Doc
- Credit History
- Conforming
- Genuine Saving
- Not Required
Offset Account
Save on interest repayments by holding spare cash in an offset account.
- Offset account
Redraw Facility
Get quick access to cash by drawing on the loan to pay for renovations or other purchases.
- Redraw Facility
- Min Redraw
- $2000.0
- Redraw fee
- $0
Banking Features
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
Repayments
You can make your repayments Fortnightly, Monthly, and Weekly.
- Interest Only Option
- Max Interest Only
- 0 years
Upfront Fees
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.
- Total
- $2,245
- Valuation
- $375
- Legal/Solicitor
- $895
- Settlement
- $975
Ongoing Fees
Monthly and annual fees and charges during the loan period.
- Total
- $180
- Ongoing Monthly
- $15
Exit Fees
Fees associated with prematurely ending the loan.
- Total
- $350
- Exit
- $0
- Early Repayment
- $0
- Switch To Fixed
- $350
Notes
Standard variable loan. Interest Only only available for investment securities Vacant land must be cat 1 only, major metro with a max loan amount of $750K
LVR Notes
Max 80% LVR for purchase or refinance of owner occupied or investment property. Max loan amount $1,000,000. Lenders Risk Fee and Monthly Fee applies (see fees sheet). Unlimited debt consolidation. Cash out available (up to < $250K must have stated purpose, > $250K stat dec required however LVR may be reduced if detail is deemed insufficient). Loans to 30 years. Principal & Interest repayments available. Interest Only available on Investment securities only (max 5 years). Vacant land and Apartments not acceptable. Category 1 Major Metro security only. Income Documentation, Self certification plus two of the following: Accountant declaration or 6 months business banking statements or 2 most recent BAS statements. ABN must be registered for a min of 24 months (GST reg where required)
Notes
Not required
Fee Notes
2% fee is applicable to company & corporate trustee borrowers who discharge their loan within 3 years