Lender Name

HOMESIDE LENDING

Product Name

FIXED RATE MORTGAGE

Interest Rates

Latest Interest Rates

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Redraw Facility

NOT Available.

Offset

NOT Available.

Fees

Application Fee:$600
The Establishment Fee is waived for loans > than $300K in NSW, VIC, ACT, QLD, WA
The Establishment Fee is waived for loans > than $200K in  SA, NT, TAS
A fee of $150 for each additional security property is applicable.
Loan Service Fee: Nil
Document Registration  Fee $150 ( varies from state to state)
Fees on Deposits/Cheques: Nil
Prepayment Fee:$360+ Economic Cost
Cheque Access No
Deposit Book No
Card Access No
Packaging Yes
Fixed Rate Options - Rate Lock fee is calculated as 0.15% of the approved limit, rounded to the nearest $10. The minimum fee is $50.
DDR Repayments Yes
Phone Enquiry Access Yes
Internet Banking Access Yes

Variation fee $300 Variation of Loan Contract
Document Registration  Fee $83.60
Additional Security $150 per mortgage account/loan product after the first one
Packaging Fee $100 per mortgage account/loan product after the first one
Fixing Fee $100 where loan is refixed from a variable period
Security Discharge Fee $300
Prepayment Fee $360
Early Exit Fee Fixed Rate Mortgage Fee 0.45% Cap $3000 Term 4 years

LVR

Investment only -  LVR 95% maximum (case  by case).

Repayment Type

Interest only
Interest in advance 1 year only

Repayment Options

Monthly in arrears or annually in advance

Repayment Method

PDC Repayments

Extra Repayments

Penalties applicable during the fixed period.

Special Offers

Term

1,2,3 & 5 years

Loan Size

Minimum: $50,000
Maximum: case by case

Mortgage Insurance

Applicable where LVR over 80%
Required for over 80% LVR.

Acceptable Income

Self Employed, Salary and Wage Earners

Product Change

Available upon maturity Fees & charges may apply

Statements

Issued 6 monthly

Portability

Yes

Split Loan Facility

Yes

Special Notes

Lo Doc available on all products refer to Lo Doc Policy Profile
Vacant Land maximum LVR 95% (case by case basis)
Acreage >10 acres located in a town with a population of at least 10,000 and must have water and power connected

Target Market

Interest only loan for residential investment properties where the interest rate is fixed for the period of the loan.
Regardless of interest rate fluctuations, driven by changing economic conditions, the interest rate and interest repayments remain the same for the period of the loan.
Note: Fixed Rate Mortgage is Interest Only and is Only Available For Investment Purposes.