Firstmac Construction 90 Firstmac Construction 90 (Owner Occupied)
4.14%p.a 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 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 Construction 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 Monthly.
- Interest Only Option
- Max Interest Only
- 1 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
Firstmac lend up to 90% LVR to construct a home or investment property. Firstmacs specialised construction department provides a direct contact point and will ensure claims are paid promptly. Interest only Construction term of 12 months. During the construction phase repayments are interest only, making it easier to budget during this time. Monthly Repayments via Direct Debit.
LMI required for >80% LVR. Maximum LVR is inclusive of any capitalised LMI.
Where the LVR is > 85%, at least 5% of the purchase price must be from genuine savings, and evident over a three-month period.
Additional $110 progress inspection fee per stage (or at cost) and $120 construction admin fee. Documentation fee $200 Quoted fees are available for individual borrowers only. If the borrower is a company or trust, additional fees will be payable by the borrower. Valuation fee to be paid at cost quoted fee is an estimate, subject to change depending on postcode, value of property, type of property. Discharge fees are waived if loan is discharged at full term.