|Guaranteed No Negative Equity|
|Independent Legal Advice|
|Notes||No change in title ownership (you remain the title holder). Loan only repayable once you either sell or pass away. Loan amount calculated using your age and property value.
NOTE: Plus Valuation Fee - charged by the valuer based on the specifications of the property. Plus title office fees for the mortgage to be lodged. All fees will be paid on settlement date.
Commitment Fee of 1% for any undrawn balance kept as a Cash Reserve. Funds in Cash Reserve are not charged the normal interest rate.
|Loan Drawdown||Lump Sum or Regular Payments|
|Further loan advance possible|
|Lending in all areas|
|Partial Repayments Allowed|
|Repayment Notes||No regular repayments required. Payments can be made optionally.|
|Limit to Equity Reduction||No negative equity guarentee. Optional Equity Protection can be selected.|
|Total Setup Cost||$2,500.00|
|Early Termination Fee||No termination or penalty fees charged for early exist. Only a flat fee to cover the administration costs and title change over.|