Bank West Fixed Rate Home Loans
Main Features and Fees...
| Company |
|
| Interest Rate | Enquire Here |
| Products Available | 1,2,3,4 and 5 year fixed rates for full doc and low doc applicants |
| Offset Account | Yes 40% offset available |
| Redraw Facility | Not during fixed period |
| Extra Repayments | $5,000 yearly |
| Lump Sum Repayments | $5,000 yearly |
| Product Change | Not available |
| Portability | Yes, $350 fee applies |
| Construction | Not available |
| Split Loan Facility | Yes |
| Principle and Interest Payments | Yes |
| Interest Only Payments | Yes |
| Rate Lock | Yes - 0.15% of loan amount or $450 which ever is greater |
| FEES | |
| Upfront Fees | $700 plus $60 for East Coast residence |
| Ongoing Fees | $12 per month |
| Early Exit Fees | Nil. Break fees apply for fixed rates |
| Discharge of Mortgage Fees | $600 |
Notes
The Fixed Rate Cap Fee:
Must be paid by the customer upfront at
application stage. (This fee cannot be financed into the loan). 0.15% of
Loan amount (including fees financed into the loan) or $450, whichever
is greater, on Standard Fixed Loans. 0.20% Fee applies to any product
that BankWest describes as Special. Non refundable (the only exception
is if the Bank declines the loan).
5% Genuine Savings required for
all purchase deals greater than 90%. (New Customers greater than 90%
only available on Mortgage Shredder) Please see Special Criteria for
further information.
Rural residential will be
considered for strong applications, Location please refer to lender will
be looked at case by case
Please note if customer requires
offset account that the relevant box is ticked on loan application so
the appropriate paperwork is sent to customer with the loan contract.
Cash Out Policy:
Documentary Evidence - Purpose
Required:
LVR <=80% - Up to $100k
LVR >80% to 90% - Up to $50k
Documentary Evidence -
Supporting Documentation Required:
LVR <=80% - $100k plus (max cash
out is $100k where LMI is applicable)
Back to Bank West Home Loans
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