Premium Power Pack 95% Premium Power Pack 95% (Principal & Interest) (Owner Occupied)
4.49%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
- 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 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
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. For any worthwhile purpose. Repayments can be made by direct debit request, direct electronic credit or inter-account payment (IAP) and BPay. Maximum exposure is $2M per client. Principal reductions allowed with no limit, however manual re-amortisation requests are required unless dynamic repayments are selected. Cash out available on loans up to 90% LVR. Loans up to 85% with no LMI max cash out allowed is 40% of the security value.
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 $290 Lenders legals borrower paid Valuation fee is for each additional valuation, standard vals only. Exit fee includes $300 Administration fee and $308 Legal (prep) fee Title Insurance $132 for loans to $600K $238 for loans $60