106% Establishment Loan

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> Purpose
Primarily aimed at high income earners who have not
been able to save a deposit and wish to purchase an
owner occupied property, and applicants looking to
re-establish themselves following a break up.

T he Establishment Loan allows applicants to borrow
up to 106% of the purchase price to factor in costs
such as stamp duty, solicitors expenses, mortgage
risk fee, application fees etc.

> Loan Size
Minimum $150,000 to $750,000 for units, and up to
$900,000 for houses in Metropolitan Sydney.

> Term
10, 15, 20, 25 or 30 years.

> Repayments
Variable rate only, Principal and Interest or
Interest Only to 5yrs.

> Additional Repayments
Unlimited at no extra costs.

> Fees
No Monthly Account Keeping fees or annual fees.

> Mortgage Insurance
No Mortgage Insurance payable, however a
mortgage risk fee will apply.

> Direct Debit
Payments made by direct debit only fortnightly
or monthly.

> Savings
No deposit or savings required.

> Applicants
Applications may be in personal, business,
company or trust name.