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- Ocean Owner Occupied Variable
Ocean Owner Occupied Variable
- Owner Occupied
- Variable
- 10% min deposit
- P&I
Interest rate p.a.
7.29%
Comparison rate* p.a.
7.72%
Ocean Owner Occupied Variable
- Owner Occupied
- Variable
- 10% min deposit
- P&I
Interest rate p.a.
7.29%
Comparison rate* p.a.
7.72%
WLTH Variable Rate Home Loan overview
For Ocean Owner Occupied ($1m-$1.5m, LVR < 90%)
Principal & Interest (P&I)
Loan type
Loan to value ratio
Interest rate
Comparison rate
Interest only
Loan type
Loan to value ratio
Interest rate
Comparison rate
Details
Maximum LVR
90%
Total repayments
Interest rate type
Variable
Borrowing range
$1m - $1.5m
Suitable for
Owner Occupiers
Loan term range
5 - 30 years
Repayment type
Principal and Interest
Applicable states
ACT, NSW, NT, QLD, SA, TAS, VIC, WA
Repayment options
Fortnightly, Monthly, Weekly
Target Market Determination
Visit WLTH to view Target Market Determination.
Features
Extra repayments
Unlimited
Redraw facility
Redraw fee: $0
Offset account
Split interest facility
Loan portability
Repayment holiday available
Allow guarantors
Available for first home buyers
Other benefits
Fees
Total estimated upfront fees
$590
Application fee
$0
Legal fee
$0
Valuation fee
$0
Settlement fee
$590
Other upfront fee
$0
Ongoing fee
$395
Discharge fee
$795
Other Restrictions
For LVR < 80%, maximum loan amount for Metro areas is $1.75m; for LVR < 90%, maximum loan amount for Metro areas is $1.35m.
Pros and Cons
For Ocean Owner Occupied Variable
Benefits
- 100% full offset account
- Parents can sign as guarantor
- Extra repayments and redraw facility
- Free redraw facility
- Split account option
Drawbacks
- Higher than average interest rate
- Ongoing fee
- Higher than average upfront fee
- Discharge fee at end of loan
- No repayment holidays
