Unlock the equity in your home
If you’re a homeowner, before you put that next big purchase on your credit card, you may want to consider a line of credit on your home loan.
Laine GordonSep 6, 2011( 3 min read )
Classic Standard Variable Investment Loan (Interest Only)
Smart Home Loan
special
Get one of the lowest variable interest rates on the market and pay no application or ongoing feesGet one of the lowest variable interest rates on the market
Advertised Rate
2.88%
Variable
Comparison Rate*
2.90%
Smart Home Loan
No ongoing feesExtra repayments + redraw services
View NowAdvertised Rate
4.95%
Variable
Comparison Rate*
4.99%
Maximum LVR
80%
Monthly Repayment
$0
Pros and Cons
Pros
- No ongoing fees
- 100% full offset account
- Extra repayments + redraw services
- Repayments may decrease if RBA cuts rates
Cons
- Repayments may increase if RBA raises rates
Warwick Credit Union Fees and Features
Maximum LVR 80% | Interest rate structure Variable |
Borrowing range $150k - $100m Calculate how much you can borrow | Total Repayments |
Principal & interest | Interest only |
Loan term range 1 - 30 years | Offset account 100% offset account |
Extra repayments Unlimited extra repayments | Redraw facility Redraw fee: $20 |
Allows split interest | Suitable For Investors |
Applicable States ACT, NSW, NT, QLD, SA, TAS, VIC, WA | |
Estimated upfront fees $600 | Application fee $600 |
Settlement fee $0 | Valuation fee $0 |
Legal fee $0 | Ongoing fee $0 |
Discharge fee $0 | Property Type |
SMSF Trustee | Minimum SMSF Amount |
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