Credit Power Pack 90% Credit Power Pack >90% >$500K (Principal & Interest) (Owner Occupied)
4.53%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 95% 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, Owner Occupied, and Vacant Land 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
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.
- Ongoing Yearly
Fees associated with prematurely ending the loan.
- Early Repayment
- Switch To Fixed
Credit Power Pack - Pro-pack style loan with no qualifying restrictions - Suited to fully verified borrowers including companies or trusts - Full featured loan - includes a direct card - Available for vacant land and construction purposes - Discount for loans $200K-$500K & >$500K (Variable loans only) - 'Combo' option with competitive fixed rates. Ask us for a deal - Extra payments on variable rate loans can be made at any time LVR/Loan Amount Metro: <80% - $2M 80-90% - $1M >90% - $750K Regional: <80% - $1M 80-90% - $750K >90% - $500K Country: <80% - $500K 80-90% - $500K >90% - N/A Repayments: P&I or IO IO 10-5 years >85% LVR IO Up to 10 years <85% LVR Fixed Option: All or part of the loan can be converted to a fixed rate loan at any time at no cost (subject to a 4 split/portion maximum) Personal - Max 5 years IO Investment - Max 10 years IO N.B. 0.10 Discount for 2 & 3 years fixed interest rate Cash Out: Loan purpose must be verified if LVR exceeds 80% or loan amount >$250K Portability: The security property can be substituted if required. A 'Deed of Set-Off is available' allowing up to 3 months for the substitution of the security property (details on request). Vacant Land or Construction: Loans available for vacant land or construction, no rate loading applies. Construction of multiple dwellings on one title are permitted (conditions apply). Maximum 90% LVR. FHOG can be advanced for vacant land settlement where construction loan approved. 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 Investment LVR 90% Including LMI capitalisation LMI required on loans >80% Borrower paid >80% LMI capitalisation available up to 95% (93% for refinances) Vacant Land and Construction Max LVR 90%
At least 5% genuine equity is required saved over a period of 3 months
Establishment $545 includes one standard valuation to $275 Lenders legals borrower paid $300 construction processing fee (payable for new constructions only) Additional Valuations: $275 each, standard valuations only. Properties over $300K or in remote areas may incur additional fees Title Insurance Fee $105 - $350 for loans up to $2M ($55 each additional security) Loan processing fee $250 shown as settlement fee.