Variable Rate Home Loan - Australian First Mortgage - Flexible Option Variable

Comparison Rate	6.92%
Amount	$200,000
Term	30 years
Monthly Payment Est.	$1,315.86
Total Amount Paid Est.	$474,255
Establishment Fee	$495.00

6.89%

Target Market
Self Employed and PAYG applicants seeking a product with numerous features (Bridging, Offset and larger loan amounts)

Acceptable Income
PAYG - Minimum duration 12 months or 2 years within industry. Probation accepted subject to Mortgage Insurer. ,
Other incomes accepted - Casual, Commissions, Dividends, Family allowance (if eligible for next 5 years), Maintenance, Regular Overtime, 2nd job. ,
Self Employed - Minimum 2 years financials. ,
Genworth Financial - Overtime Income acceptance only at 50% (Essential services such as ambulance, fire, police, nurse etc may accepted at 100%)

Home Loan Loan Term
30 Years

Home Loan Loan Size
Minimum $10K (min split or top up $10k) ,
Maximum $2M (subject to LMI Guidelines and Location)

Let a Ratesonline accredited home loan consultant help you with this Australian First Mortgage home loan

Home Loan Repayment Type
Principal and Interest ,
Interest Only loan term 10 years

Repayment Options
Weekly, fortnightly or monthly ,
Interest Only monthly

Extra Repayments
Yes. No minimum required. ,
Fixed Rates have a limit of $20,000 before penalties apply.

Let a Ratesonline accredited home loan consultant help you with this Australian First Mortgage home loan

Split Loan Facility
Available.

Offset
Yes available normal account transaction fees apply.

Redraw Facility
Yes. Minimum Redraw amount $500. Free if Online

LVR for Variable Rate Home Loan - Australian First Mortgage - Flexible Option Variable

Owner Occupied Maximum LVR 95% plus LMI capitalisation (max $750k) ,
Investment Maximum LVR 90% plus LMI capitalisation ,
Construction Maximum LVR 95% plus LMI capitalisation ,
Refinancing Maximum LVR 90% plus LMI capitalisation ,
Vacant Land Maximum LVR 90% plus LMI capitalisation ,
Debt consolidation Maximum LVR 90% plus LMI capitalisation ,
Interest Only Maximum LVR 90% plus LMI capitalisation ,
Non Residents Maximum LVR 75%

Let a Ratesonline accredited home loan consultant help you with this Australian First Mortgage home loan

Fees for Variable Rate Home Loan - Australian First Mortgage - Flexible Option Variable

Application Fee $495 (includes 1 standard valuation). ,
Effective from the 8th of June 2009 AFM will commence collecting a $250 fee for Pre-Approvals. This fee will be refunded at settlement (for Nil Fee promotion products) or used as part deposit to standard application fees. Fee is payable by credit card at the time of application. Please call your BDM for more details. ,
Legal Fees - as per solicitors costs ,
Monthly Fee Nil ,
Annual Fee Nil ,
Settlement (Contract) Fee $150 (Displayed as Mortgage Pre Fee) ,
Settlement (Contract) Fee $200 for Construction Loans ,
Additional Valuation Fee $240 ,
Discharge Fee $375 ,
Deferred Establishment Fee ,
0 to 12 months 1% ,
13 to 24 months 0.75% ,
25 to 36 months 0.50% ,
37 to 48 months 0.25% ,
Switching Fee $200 ,
Split Fee $50 per contract ,
Loan Variation Fee $200 ,
Bridging Loan Fee $180 ,
Redraw Fee $50 if manual ($0 online) ,
Rate Lock Fee (Fixed Products) Nil ,
Fee free Transaction account included with Offset account $20 per month allocated (Nil Monthly fee). Fee free Transaction account not available with Fixed Products.