Credit Gold Full Doc Credit Gold Full Doc - LVR 80%-90% $200K-$500K (Interest Only) (Owner Occupied)
4.55%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 Construction, Equity, Owner Occupied, and Vacant Land in NSW, NT, QLD, SA, WA, VIC, TAS, and ACT.
- 10 - 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.
- Ongoing Yearly
Fees associated with prematurely ending the loan.
- Early Repayment
- Switch To Fixed
Cash Out available Loan purpose must be verified if LVR exceeds 80% or loan amount >$250,000 Pro-pack style loan with no qualifying restrictions. Suited to fully verified borrowers including companies or trusts. Available for purchase and refinance (up to 90% LVR). Full featured loan which includes a direct card. Available for vacant land and construction purposes (max 90% LVR). Minimum split/portion amount: $20,000. Maximum loan amount: $500,000 Maximum LVR: 80%. Interest rate loading: 0.15%. Additional features: As above + unlimited non standard transactions*. Interest capitalisation for first 10 years of the loan (credit limit $500K or less and 75% LVR maximum). (*Non-standard transactions are Direct Salary Credits, Other Income Credits, Bpay Credits, direct card transactions, cheque book and optional direct debits). 0.10% Discount on 2 & 3 year fixed rate loans BMMs serviceability calculator is for use only with products & purposes specified in the calculator. BMMs product suites each have their own serviceability calculator, please contact BMM to obtain the most up-to-date calculator for the relevant product suite: firstname.lastname@example.org
Max LVR / Loan amounts: Metro - $1m, Regional $750K, Country - $500K. LMI required on loans >80% LVR. Borrower paid above 80%, LMI capitalisation is available above 90% LVR for new and refinanced loans (max. 93% LVR)
At least 5% genuine equity is required saved over a period of 3 months (>85%LVR)
Establishment Fee includes one standard valuation to $275. Borrower pays legal fees. Additional Valuations: $275 each, standard valuations only. Properties over $300K or in remote areas may incur additional fees. $250 loan procesing fee (paybale at settlement). $300 construction processing fee (payable on new construction loans only) $105 Title insurance fee.Optional Fixed Rate cenrtainty Fee $395