The information shown listed here are for an owner occupier taking right out a principal & interest loan of at the very least $150,000 with an LVR below 95%
The important points shown listed here are for an owner occupier taking out fully a principal & interest loan with a minimum of $150,000 with an LVR below 70per cent
The information shown listed here are for an owner occupier taking out fully a interest just loan with a minimum of $150,000 with an LVR below 70%
The facts shown here are for an owner occupier taking out fully a interest just loan of at the least $150,000 by having an LVR below 80percent
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Owner Occupier (Principal & Interest)
Owner Occupier (Principal & Interest)
Owner Occupier (Interest Just)
Owner Occupier (Interest Just)
Westpac Rocket Repay Mortgage Loan (Premier Advantage Package)
Mozo editorial review Westpac Rocket Repay mortgage loan (Premier Advantage Package)
What exactly is hot
- 100% offset account
- Totally totally totally Free additional repayments and facility that is redraw
- Borrow with less than 5% deposit
- As much as $3,000 cashback (restricted time offer)
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What is not
- $395 service fee that is annual
Mozo snapshot
While the title shows, that is a home loan package that is premier. Providing a 100% offset account, along with free additional repayments and redraws, the Westpac Rocket Repay mortgage loan (Premier Advantage Package) truly does deliver all of the perks of the full-feature loan. Potential home owners is likewise in a position to borrow with as low as a 5% deposit, meaning maybe it’s an option that is handy very very first homeowners.
Key features
Accessible to owner-occupiers, the Rocket Repay mortgage loan (Premier Advantage Package) from Westpac delivers a 3.29% adjustable rate of interest (3.70% contrast rate*) for many loan quantities over $150k for the owner occupier making major and interest repayments. Borrowers should be able to borrow having a deposit as little as 5% ( idea which will require LenderРІР‚в„ўs Mortgage Insurance) while interest-only borrowers will be needing a deposit with a minimum of 20% to secure that loan.
However the Rocket Repay mortgage (Premier Advantage Package) actually sticks out with regards to its array of features. Not only can borrowers have the ability to decrease regarding the interest they spend with the aid of a 100% offset account, theyРІР‚в„ўll also have the ability to make repayments that are extra the mortgage – free of charge!
These are additional repayments, if you’re in a position to reduce significantly more than you want to on the loan then youРІР‚в„ўll have the ability to withdraw those extra funds using the free redraw center, or utilize them to have a partial or full payment vacation.
How about fees you may well ask? You wonРІР‚в„ўt need certainly to spend any application, appropriate, settlement or valuation charges in the loan, you pay out your mortgage in full though you will need to budget for the $395 annual service fee as well as the $350 discharge fee youРІР‚в„ўll be charged when.
And home that is premier package wouldnРІР‚в„ўt be complete without several additional perks. Rocket Repay mortgage loan (Premier Advantage Package) clients will be eligible for also a range discounts and fee-waivers on choose Westpac bank cards, bank reports and insurance items.
Who’s it great for
The Westpac Rocket Repay mortgage (Premier Advantage Package) might be a choice that is great borrowers who is able to benefit from an offset account and all sorts of the other perks of a full-feature mortgage loan, along with the other banking and insurance coverage discounts being offered.
Any catches
Considering that the annual solution charge ($395) will total up to $9,875 over a 25 12 months loan, itРІР‚в„ўs definitely well worth weighing it resistant to the suite of features being offered.