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Home-to-Home. Purchase new existing property or House and land construction. Existing Property. Value $300K. Value $300K. Peak Debt. Owing $100K. Refinance. Purchase Price. 100K 300K 20K 21K 441K. Plus capitalised interest. Plus costs. Total peak amount $441K
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Home-to-Home Purchase new existing property or House and land construction Existing Property Value $300K Value $300K Peak Debt Owing $100K Refinance Purchase Price 100K 300K 20K 21K 441K Plus capitalised interest Plus costs Total peak amount $441K $291K Extra split $150K End debt 21K 100% offset a/c Client must service end debt on an NDI of 1.15:1 End debt Extra 150K Interest only payment swept once a month. 291K Clients responsible P & I payments Interest only for construction Interest calculated on this split at standard variable rate (Lo Doc variable also available) • If peak debt is over $500K client MUST pay LMI • (Partial refund may apply when property sold)