Bid B - 104 days 22 hours
Sections
Average Interest Rate
| Current Average Published Rate | 10.77% variable rate |
|---|
Loan Details
| Amount Offered | $250,000 |
|---|---|
| Loan Term | 30 Years |
| Type of Rate | Mixed |
| Total Interest Charges | $272,697.41 |
| Minimum Cash Deposit | $25,000 |
| Security Required | first mortgage |
| Loan Available From | 20 / 03 / 2009 (Date specified) |
| Lender Mortgage Insurance Cost | no |
Interest Rate Detail
Fixed Portion 1
| Fixed Rate | 4.89% |
|---|---|
| Fixed Portion | 80% |
| Fixed Period | 24 Months |
Variable Portion
| Variable Rate Portion | 20% |
|---|---|
| Variable Rate | 5.75% Less 0.2% Discount |
| Discounted Rate Period | 6 Months |
| Revolving Credit Portion | 0.2% of variable portion |
| Revolving Credit Limit | $50,000 |
Repayment Details
| Repayment Type | Table Repayments over Term |
|---|---|
| Regular Amount | $1,344 |
| Frequency | monthly |
Lump Sum Repayments
| Allowed | Yes / Additional Fees Apply |
|---|---|
| Details | You may repay up to 5% of loan principal in any calendar without incurring early repayment penalties |
Applicable Fees
| Other Fees | N/A |
|---|---|
| Total Fees and charges over term | $0 |
Conditions
| Conditions to Drawdown | Registered Valuation satisfactory to the lender |
|---|---|
| Second Mortgage Priority | N/A |
Special Conditions
| Contribution to Legal Fees | $500 |
|---|---|
| Application Fee | no |
| Cash Payment on settlement | no |
| Account Fees | yes |
| Pre Approved Credit Card | yes |
| Fees to Refix Interest Rate | no |
| Additional Options | N/A |
