Premium Power Pack 95% Premium Power Pack 95% (Owner Occupied)
4.44%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 Line of Credit and 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
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
All the features you expect in a Pro-pack loan with Direct Salary Crediting into the loan account, 100% Offset Account, Line of Credit Facility, Internet and Phone banking. Suitable for PAYG or self-employed borrowers. Two years tax returns are required for self-employed borrowers. Borrowers must have a good credit history and can be companies or trusts. Minimum split portion is $10,000. Useful for distinguishing between loan purposes and providing assistance with income tax preparation. Fixed Interest Option 3 years - Adds additional 0.20% to delivery rate. Only available to new customers with 50% loan amount fixed. Cash Out - Available on loans up to 90% LVR. - For loans up to 85% LVR with no LMI max cash out allowed 40% of the security value 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 payable up to 85% LVR*. To qualify; max loan amount $1.1M up to 85%LVR, Category A location only. Loans between 80-85% LVR without LMI will be subject to a 1.00% Risk Fee. Risk fee cannot be capped above 85%LVR. LMI can be capped to maximum 95% LVR. Unit/apartment located in Brisbane Inner City (as deemed by funder, ask your BDM for more info) With LMI <80% LVR, Funder pays LMI premium costs. >80% LVR borrower to pay LMI Without LMI <70% Max LVR LVR and Loan Amount: With LMI: Cat A - 80% ($1.25M), 90% ($1.1M), 95% ($850K) Cat B - 80% ($750K), 90% ($600K), 95% ($500K) Cat C - 80% ($500K), 90% ($450K), 95% ($350K) Metro+ Locations - 80% ($1.5M), 90% ($1.1M), 95% ($1M) Without LMI: Cat A - 70% ($1.5M), 75% ($1.5M), 80% ($1.5M), 85% ($1.1M) Cat B - 70% ($1.25M), 75% ($1M), 80% ($750K) Cat C - 70% ($500K)
Where loan is >85% LVR, borrower must demonstrate genuine savings of at least 5% of the proposed purchase price, held or accumulated over a minimum period of 3 months
Establishment fee includes standard vals to $525 Lender's legals borrower paid Valuation fee is for each additional valuation, standard vals only. Exit fee includes $300 Administration fee and $308 Legal (prep) fee. Establishment and Valuation fees are based on loans >$1M - $2M. For loans under $1M: Est fee - $545 including standard vals to $290 Val fee - $340 each, standard vals only Title Insurance $132 for loans to $600K $238 for loans $60