Premium Non Genuine Saving Premium Non Genuine Saving (Principal & Interest) (Owner Occupied)

  • 4.93%
    p.a Standard Variable
  • 4.94%
    p.a Comparison**
  • $545
    Upfront fees
  • $0
    Annual fees
  • 95%
    Max LVR
  • $2,032
    Per Month*

About Better Mortgage Management

Better Mortgage Management was voted No.1 non bank lender for two years in a row by Mortgage Brokers, for 2013 and 2014. They pride themselves for thinking outside the box having over 40 different loan products and can assist where other lenders can't or won't assist including our unsurpassed range of loans for self-employed borrowers. BMM is one of Australia's fastest growing mortgage managers committed to providing the best possible home loan options suited to the individual. They base their operation on efficiency, technology and commitment to service with an extensive range of flexible and competitive financial products.

Standard Variable

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 Owner Occupied in NSW, NT, QLD, SA, WA, VIC, TAS, and ACT.

15 - 30 years


The level of financial documentaion and credit history required to apply for the loan.

Full Doc
Credit History
Genuine Saving
Not Required

Redraw Facility

Get quick access to cash by drawing on the loan to pay for renovations or other purchases.

Redraw Facility
Min Redraw
Redraw fee

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
Internet Banking
Telephone Banking
Credit Card
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 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.


Ongoing Fees

Monthly and annual fees and charges during the loan period.


Exit Fees

Fees associated with prematurely ending the loan.

Early Repayment
Switch To Fixed


Suitable for PAYG or self-employed borrowers. 2 Years tax returns are required for self-employed borrowers. Borrowers must have a good credit history and can be companies or trusts. Deposit can comprise entirely of non-genuine savings (excluding borrowed funds) up to 95% LVR For new purchases only, no refinances Investment loans available up to 85% LVR – contact lender for pricing. Repayments can be made by direct debit request, direct electronic credit or inter-account payment (IAP) and BPay. Maximum exposure is $2.5M per client. Principal reductions allowed with no limit, however manual re-amortisation requests are required unless dynamic repayments are selected. Employment requirement: Borrowers must have been in current employment for at least 6 months OR Borrwers must have been in the same or similar field for at least 12 months Additional requirement: Additional documentation including personal bank statements, rental statements and credit card statements may be required.

LVR Notes

Investment up to 85%. Contact lender for pricing. LMI must be paid by borrower either upfront or capitalised onto loan amount (LMI can be capitalised to 95% LVR with Genworth LMI). LMI Capitalisation available to maximum LVR of 95%.


No genuine savings need to be demonstrated, deposit can be borrowed, gifted or First Home Owners Grant. - The source of the equity must be disclosed at application - If funds gifted, a statutory declaration is required from the supplier of the funds stating that the funds do not need to be repaid - If funds are borrowed, these repayments must be included for serviceability assessment.

Fee Notes

Establishment Fee includes one standard valuation to $290. Properties in remote areas may incur additional fees. Title Insurance: $132 – loans to $600,000. $238 – loans $600,001 to $1M.

*Monthly Repayments

Monthly repayments are calculated to take into account the loan amount, repayment term and ongoing fees and charges over the life of the loan.

  • Variable rate loans show the monthly repayments at the current rate.
  • Fixed rate loans show the monthly repayment during the fixed period only.
  • Monthly repayment calculations are an approximate guide only. Speak to a LoanMarket Mortgage broker to understand the exact cost of a loan given your particular circumstances.

**Comparison Rates

A comparison rate is a tool to help consumers identify the true cost of a loan. It factors in the interest rate, loan amount, repayment term and ongoing fees and charges and displays this as a single percentage rate that can be used to compare various loans from different lenders.

Monthly Repayment and Comparison Rate* calculations do not include:

  • The use of account features such as early repayments and offset accounts which vary widely among loans and can reduce the cost of a loan significantly.
  • Cost savings such as fee waivers or special rate discounts.
  • Fees and charges associated with loan options or events that may or may not be used by the borrower, such as early repayment or redraw fees
  • Lenders Mortgage Insurance (LMI) which may be required to secure the loan and can increase the cost of the loan.
  • Government charges such as stamp duty or mortgage registration fees.
  • Fees and charges which aren’t available at the time the comparison rate is provided