Specialist Full Doc Level 3 80%85% Specialist Full Doc Level 3 80%-85%
8.09%p.a Standard Variable
About Pioneer Mortgage Services
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 85% 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, 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
- Non Conforming
- 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
- 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.
Fees associated with prematurely ending the loan.
- Early Repayment
- Switch To Fixed
The Specialist Full Doc products are suitable for those borrowers who fall outside the standard lending criteria. PAYG and Self Employed borrowers are acceptable. Adverse credit is considered. Interest rates vary depending on LVR, loan amount and level of credit impairment (refer to your BDM for more info). Features: - Max LVR 90% (loan amount, security location and credit impairment level restrictions apply) - No monthly or annual fees - PAYG or Self Employed applicants acceptable - No Genuine Savings required - Variable rate only - Internet Banking available - Available in a Company or Trust name - Business purposes may be considered - Not available for non-resident applicants - Debit Card (Loan Access Card) available on request (variable rate loans only). Allows access to redraw from loan account and/or funds available in offset account 1 month personal bank statements and 1 month business bank statements issued within the last 90 days (main transactional account, if applicable) required. Minimum loan split amount is $10K. Up to 5 years interest only however if secured by Owner Occupied property N/A. Repayment options of Direct Debit, Salary Credit, Deposit Book. Additional Repayments allowed. Redraw available. Available for Debt Consolidation (max LVR depends on security location and impairment level, if any). Using Specialist range of products 100% offset accounts are available for: - Both Fully verified and Lo Docs - Clear Credit history and credit impaired; - Lo Docs with ABNs from 6 months 100% Offset account available. Transaction on your offset balance with the following transactions being fee free: EFTPOS & Westpac ATM Transactions, BPay, Outwards Direct Debit, and Inward Salary Credit. Transfers to an external bank account are only available when the eternal bank account is pre-nominated and advised at settlement. Only one pre-nominated account is available and must be in the same name as the borrowers. Transfers to other external accounts are not available directly from the offset account. Not Available for non residents applications Please refer to your BDM for further details.
Max LVR 90% (loan amount, security location and credit impairment level restrictions apply) Clients are required to pay a lender risk fee in lieu of obtaining Mortgage Insurer approval Lenders Risk fee up to 70% LVR: 0.25% 70-80% LVR: 0.75% 80-85% LVR: 1.00% 85-90% LVR: 1.25%
No Genuine Savings required
Clawback: - 0-6 months discharged after settlement: 100% of upfront paid - 7-12 months discharged after settlement: 50% of upfront paid - 13 months + discharged after settlement: No Clawback Valuation fee charged at cost. Lenders Risk Fee applicable in lieu of LMI Lenders Risk fee up to 70% LVR: 0.25% 70-80% LVR: 0.75% 80-85% LVR: 1.00% 85-90% LVR: 1.25%