Leo Full Doc Clear and Prime 80% Leo Full Doc Clear and Prime 80%
4.69%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 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.
- 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
- 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 Monthly
- Ongoing Yearly
Fees associated with prematurely ending the loan.
- Early Repayment
- Switch To Fixed
** Establishment fee is 1.10% of the loan amount. The Establishment Fee noted within this product spec is based on the HIGHEST loan amount for this product and should be adjusted/factored accordingly when presenting to consumers. ** * 5 year interest only option available 0.30% loading applies * Suited to clear or credit impaired, self-employed occupier or investment borrowers - For purchase, re-finance and investment purposes (personal or business) - Loans for acreage > 100 acres available (must have house) - Unlimited consolidation, payout Tax debt, business debts (over limit & past due consumer debt considered) - Past Mortgage Arrears up to 3 months - Cash out unlimited including working capital - Split rate facility available - Unlimited free redraw available via Phone Available up to 75% Max LVR for a single property construction. Credit impaired customers accepted. Separate rate during construction, before dropping down to Full Doc rate at the completion of construction (see Leo Rate sheet). Construction is unavailable in WA. Exceptions include 4 Units on 1 Title (contained under one continuous roof). All exceptions determined on a case by case basis by the funder. Security: All metropolitan (including inner city to 70%) and regional centres considered. Towns with a population >2000 people considered with reduced LVR and loan amounts Unacceptable mining towns Will consider properties near Power Lines 4 flats on 1 title to 65%LVR 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
No LMI or Risk fee payable, For loans >80% LVR, LMI guidelines apply Credit impaired loans <80% LVR Construction loans available for category 1 & 2 locations up to 70% LVR with minor credit impairment
NO Genuine savings up to 80% - funds from any source
Establishment Fee: O/O Properties, Clear & Prime <$1M From 1.10% of loan amount Standard Full Doc From 1.25% of loan amount Rural From 1.25% of loan amount Construction 1.75% of loan amount Lenders legals paid by borrower Loan Settlement Fees $145 title insurance $130 electronic file fee $120 settlement disbursement fee