Premium Non Genuine Saving Premium Non Genuine Saving (Principal & Interest) (Owner Occupied)
4.93%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 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
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.
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.
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.
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.