Home Advantage Package 5 Year Fixed Investment IO
Home Advantage Package Fixed IO
New lending only. Must hold a Heritage Credit Card, pay annual fee & hold an eligible package home loan with a min of $150k lending to be eligible to receive package benefits. I/O max 5 yrs. I/O loans cannot be switched or refixed, they need to be rewritten/renegotiated. At the end of the fixed term the rate will revert to the applicable variable rate based on total lending under the package and LVR at the commencement of the loan.
Introductory Discount Rate
Lenders Legal Fees
Lenders Settlement Fees
Minimum Loan Amount
Max Loan Amount
Interest In Advance
Minimum Loan Term (years)
Max Loan Term (years)
At the end of the fixed term the rate will revert to the applicable variable rate based on total lending under the package and LVR at the commencement of the loan.
Annual fee ($350) waived for the first year for applications lodged from 18/02/2019 to 30/04/2019. Where a valuation is required with one property offered as security Heritage will pay for the valuation, if two or more securities are involved, or val. costs exceed $330 (inclusive of GST), the difference is to be borne by the borrower. Heritage Settlement Fee - $150 (per settlement). Agents Settlement Fee ranges between $88 - $260 plus disbursements (per settlement) for CBD settlements, depending on state. Where Heritage engages an agent acting on its behalf, the Agents Settlement Fee will be passed on to the borrower. Legal Fees: Nil with the exception of Trust & Company loans which attract a fee of $250 in addition to the application fee. Collateral Security Fee - $100 ($150 if different state) for each additional unencumbered security. Guarantor Fee $200. Galilee fee (applicable for files with security properties located in WA, Tas, NT & SA) A fee of $300 + GST per file is payable except for Further Advance & Equity loans where a new mortgage is not required. In cases where the customer is paying the Galilee fee, Heritage does not charge the $150 settlement fee
Mortgage Offset Available
Can Make Extra Repayments
Salary Direct Available
This product has an annual fee which covers the splits at time of application.