Homeloans Accelerate Prime Plus Construction Homeloans Accelerate Prime Plus Construction LVR >75% up to 80%
5.28%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 80% 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, Investment, and Owner Occupied in NSW, NT, QLD, SA, WA, VIC, TAS, and ACT.
- 1 - 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
- 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
- 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.
- Ongoing Monthly
Fees associated with prematurely ending the loan.
- Early Repayment
- Switch To Fixed
Product Overview: The Homeloans Accelerate Prime and Accelerate Prime Plus product has been specifically tailored to suit the needs of borrowers who fall outside the mortgage insurance and banking guidelines. The Accelerate Prime Plus product is available to 95% LVR with non-genuine savings as well as the option to obtain cash out up to 90% LVR. Note, there is a rate loading on the Accelerate Prime Plus option for non-genuine savings. See rates table below. Telco or utilities defaults <$500 are considered however must be paid prior to submission. Lending Areas: - CAT 1-4 (Postcode locations and LVR restrictions apply) - Vacant Land (residential zoning only in CAT 1-2) - Max LVR 90%, max land size 2.5 acres Income Documentation: PAYG - Last 2 payslips - Letter of employment, tax assessment notice or last group certificate Self-employed - Last 2 tax returns - Last 2 years tax assessment notices Lender Protection Fee: Prime - Applicable when LVR is above 85%. Refer to the Calculators and Forms tab on Loanzone for Calculator Plus (Interest Only Loans) - Applicable when LVR is above 80%. Refer to the Calculators and Forms tab on Loanzone for Calculator Maximum borrower exposure for Sydney and Melbourne metro is $2.5M Construction loans Suitable for clean credit clients who want to build up to 2 properties on 1 title including townhouses and duplexes OO and INV allowed, up to 95% LVR inclusive of fees on full doc, up to 85% on alt doc Borrow up to $1.5M up to 80% LVR
Risk Fee replaces LMI. No Risk Fee required for <80% LVR. Max loan for Sydney and Melbourne metro is $1.5M
$400 Title protection fee. Solicitor Fee does NOT include disbursements. Valuation cost payment required following conditional approval. Quoted valuation fee of $300 is the average cost of valuation. The borrower/s will be charged the exact cost of the valuation.