With the First Home Fast Track variable rate home Loan you only need 5% deposit so you can get into your own home sooner. PLUS, you get an low 6.67% p.a. variable rate so you still have room to enjoy your lifestyle.
Borrow up to 95% + LMI $0 Ongoing Fees$0 Application Fee 100% Offset Account FREE Online RedrawOwn Your First Home Sooner!
Not only can you cut down the time it takes to save a deposit for your first home by allowing you to have only a 5% deposit, the First Home Fast Track will cut down the savings time even further as it allows you to add the Lenders Mortgage Insurance on to your loan.
With as little as 5% Deposit you could stop renting and own your own home sooner!
Our mortgage experts will be there to help and guide you throughout the buying process as it can be a daunting time for a first home buyer. We’ll even do the paperwork for you!
| First Home Fast Track Home Loan - Key Features | |
|---|---|
| Interest Rate: | 6.67% p.a. | comparison rate: 6.73% p.a.* |
| Loan Amount: | $100,000 - $650,000 |
| Suited For: | First Home Buyers |
| Max Loan to Value Ratio: | 95% plus option to add the Lenders Mortgage Insurance to the loan |
| Ongoing Fees: | $0 |
| Loan Term: | 10 - 30 years |
| Fixed Rate Option: | 1 - 5 years (break costs may apply if loan is repaid during any fixed rate period) |
| Online Banking: | |
| BPay: | |
| Additional Repayments: | |
| Additional Statements: | |
| Repayments: | Principal and Interest Frequency: Weekly, Fortnightly, Monthly |
| Lenders Mortgage Insurance: | Paid by the borrower if the LVR is greater than 80%. |
| Statement Frequency: | Bi-annually in December and June |
| Other Costs (est): | Application Fee $0 Valuation Fee $330 Lenders Legals $275 plus disbursements Loan Documentation Fee - $150 Title Insurance Fees from $132 (for loans under $600,000); higher for larger amounts |
We’re Backed By The RMBS Program
llawarra home loans funding is supported by the Australian Government $16 billion RMBS program which gives us the flexibility of the big blokes with the care, experience and attention that you deserve.
Request a Call Back
Complete our short call back request form, select a time and day that suits you and a qualified home loan consultant will contact you to discuss your options.
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Complete our simple 3 step online application
select a call back time and day that suits you
A qualified consultant will call you obligation free
*Comparison rate 6.73% p.a. for an amount of $150,000 over 25 years. Conditions fees and charges apply to all loans. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. Whilst every attempt has been made to ensure the accuracy of the contents, Illawarra Home Loans Pty Limited will not be liable for any loss or damage arising from conclusions derived through the use of such information. The above information is a guide only. Any loan application made is subject to formal consideration at the discretion of the lender and Lenders Mortgage Insurer and no approval is implied from the above information. Fees, terms and conditions apply. Correct as at 27 Feb 2012.
