ABL Term Home Loan ABL Term Home Loan - LVR >80% (Interest Only) (Owner Occupied)
4.76%p.a Standard Variable
About Better Mortgage Management
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 90% 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 Bridging, Construction, Equity, Owner Occupied, and Vacant Land in NSW, NT, QLD, SA, WA, VIC, TAS, and ACT.
- 5 - 30 years
The level of financial documentaion and credit history required to apply for the loan.
- Full Doc
- Credit History
- Genuine Saving
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
- 5 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
Purchase of an owner occupied or investment property and refinances Debt consolidation, home equity loan for investment or personal purposes Construction of a new dwelling with progress payments Vacant land loans and Go-Between bridging finance No valuation required if eligible. Refer to product guide for more information. Voluntary repayments: Variable rate extra repayments may be made at any time without penalty Fixed rate up to $20K per annum above required repayments may be made without penalty Rate conversion available Credit requirements: When refinancing, most recent 3 months statements required
LMI Required on loans with an LVR >80% LVR. Purchase of an owner-occupied property up to 95% LVR (including LMI cap). Investment property purchases and refinances up to 90% LVR (Capped to max 95%LVR) .Refinance of existing loan up to 90% LVR (Capped to max 95%LVR). Maximum Loan Amount $750,000 for loan amount 90-95% LVR. Interest Only max 25 years - Max 90% LVR for O/O and INV plus capped LMI.
No genuine savings required <80% LVR. For loans >80% LVR, 5% genuine savings evidenced over 3 months required
Establishment fee includes one standard valuation to $275 Lenders legals borrower paid Additional valuations $275 each standard val only $250 construction processing fee (construction only) $350 Go between and Construction loans