True Blue Expats Full Doc Standard Variable True Blue Expats Full Doc Standard Variable (Principal & Interest)
4.54%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 90% 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 ["Equity", "Investment", "Owner Occupied"], in ["NSW", "NT", "QLD", "SA", "WA", "VIC", "TAS", "ACT"].
- 0 - 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 repaments 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
True Blue ExPats Full Doc: - Lending for Expats Up to 90% LVR + Capped LMI - For purchase, Refinance, Debt Consolidation and Cash Out - No Annual Fee Option Available Save $330pa (Rate Loading 0.10% applies) - Up to 5 years Interest Only <85% LVR (Rate Loading 0.20% applies) - Fixed Rates 2 5 years available on request - Available for investment purchase & refinance up to 90% Loan Purpose: Loans for owner-occupied and investment properties. Acceptable loan purposes include: Purchase of an existing residential property, Home Improvement, Refinance existing mortgage, Debt Consolidation and Equity Release / Cash Out Employment / Income: The following employment types are acceptable for this product: - PAYG / Permanent Full Time or Part-Time Employment - Contract Employment - Casual Employment Split Facility: - Up to 4 splits available; Min $30K. No fees to combine fixed & variable rates - Split fee applies for all loan splits. No extra fee to have a combination of Fixed & Variable interest rates Additional Repayment: Unlimited additional repayment for variable rate; not allowed for Fixed Rate Repayment Options: Repayments can be made by direct debit request, direct electronic credit or inter-account payment (IAP) and BPay Loan Top-Ups available. Must be within maximum LVR and loan amount criteria. Product Switching & Loan Portability available, fees and charges may apply Redraw: Available for Variable rate only. Available as required and accessed via the Internet. Manual transaction fee applies for requests that are manually processed by BMM Additional Requirements: - Acceptable income evidence must be translated into English and converted into Australian dollars using the current exchange rate - Max 80% of overseas income converted to AUD may be used for serviceability + Rental Income - Income must be evidenced by salary credits for 3 months (statements to be provided) - 2 current payslips must be provided - Negative gearing is to be excluded from serviceability calculations. Translation of Documents: All Non-English Documents supplied with this application must be: - Translated into English, using a NAATI approved translator (evidence of service must also be supplied) OR - Supplied untranslated, for BMM to arrange translation with NAATI approved translator - Translation Fee starting at $300 Unsuitable Country List: Unsuitable countries are any countries listed on the Australian Government & United Nations sanctions list. The current sanctions list changes at the discretion of the Australian government & the United Nations; as such always check DFAT for current list http://bit.ly/AU-Sanctions
LMI is required for all loans, customer pays LMI when LVR >80%. LMI can be capitalized into the loan, up to and including Max LVR 90% (+ Capped LMI). Up to 90% LVR (+ Capped LMI) Applications 80% 90% LVR MUST be stronger than average Min $30,000 Max $750,000 Max Loan amount varies based on security location
Owner-Occupied property Purchase 5% genuine savings required as a minimum deposit for loans with LVR in excess of 85% Investment Property Purchase 10% genuine savings required as a minimum deposit for loans with LVR in excess of 85%
Establishment fee (MUST be paid at application) - $695 includes one standard valuation to $275 Translation Fee (if applicable, MUST be paid at application) - $440 minimum Split Fee - $100 Additional Valuations - $325 each, standard valuations only. Properties over $500K or in remote areas may incur additional fees Discharge Administration Fee - $290 Administration Fee, Legal (preparation) Fee $308