| LOAN SERVICE FEE |
|
When applicable, it is charged to each Loan Account monthly on the due date of your repayment.
|
FREE
|
| DRAWING FEE |
|
Payable on each redraw made under your Repayment Redraw Facility.
|
FREE
|
| LENDERS' MORTGAGE INSURANCE ARRANGEMENT FEE |
|
Payable for all new and increased borrowings that require HomePath to arrange Lenders' Mortgage Insurance. It is debited to your Loan Account.
|
$20.00
|
| ADDITIONAL SECURITY FEE |
|
Payable when HomePath requires more than one security to support the loan and one or more of those new securities is "fresh" (i.e. does not already secure another loan). It is debited to your Loan Account.
Only one additional security is allowed.
|
$150.00 per fresh security (charge apportioned over all additional securities)
|
| VALUATION FEE |
|
Payable only when HomePath is required to order an independent valuation of the security property. It is debited to your Loan Account.
Note: We will determine if an independent valuation is required on receipt of your documentation.
|
$200.00
|
| DEFERRED ESTABLISHMENT FEE |
|
May apply if you repay the home loan within four (4) years from the Funding Date. (Switching to another Loan Type with us does not constitute repayment but a switching fee may apply.) It is debited to your Loan Account.
|
$1,300.00 |
| SECURITY SUBSTITUTION FEE |
|
Payable upon substitution of any security. It is debited to your Loan Account.
If additional security is required then an Additional Security Fee may apply.
|
$300.00 |
| SWITCHING FEE |
|
If switching between Loan Types, Repayment Types or you change your contracted Loan Term a switching fee is payable. Switching is subject to HomePath approval. You cannot switch from a Home Loan to an Investment Home Loan (or vice versa).
In addition, if you switch from a fixed interest rate home loan to another interest rate type before the expiry of the fixed rate period, an early repayment adjustment may apply. (Call 1300 130 852* between 8am and 10pm (Melbourne time), 7 days a week for further details.)
The fee will be debited to your Loan Account when HomePath processes your request.
*A free call unless made from a mobile phone, which will be charged at the applicable mobile rate.
|
$300.00
|
| PROGRESSIVE DRAWING FEE |
|
If we fund the loan by progressive loan drawings, the fee will be charged at the time of the final drawing. It is debited to your Loan Account.
|
$50.00 per drawing |
| LODGEMENT FEE CONSENT |
|
Payable for all applications except those from Queensland. It is debited to your Loan Account.
|
$100.00 |
| SETTLEMENT ATTENDANCE FEE |
|
Payable when HomePath (or its representative) attends a settlement for the purchase of the security property, or for the refinance of an existing loan with another credit provider. It is debited to your Loan Account.
|
$100.00
|
| SETTLEMENT FEE DISCHARGE |
|
Payable when HomePath attends settlement to discharge your loan. It is debited to your Loan Account.
|
$300.00
|
| LODGEMENT FEE DISCHARGE REGISTRATION |
|
Payable when HomePath is requested to register the discharge of mortgage. It is debited to your Loan Account.
|
$150.00 |
| LATE PAYMENT FEE |
|
Payable when your full monthly home loan repayment has not been received by HomePath on your repayment due date or within the following 5 business days. The fee will be charged to your Loan Account 5 business days after the loan repayment is due, and will continue to be charged to your Loan Account in this manner until your Loan Account has been brought back into order.
|
$45.00
|
| SECURITY REVALUATION FEE |
|
Payable when HomePath is required to revalue its remaining security supporting your loan debt.
The fee will be debited to your Loan Account.
|
$200.00
|
| REPAYING YOUR LOAN EARLY WHEN IT IS AT A FIXED INTEREST RATE |
|
1. Administrative fee for full prepayments
If you repay a Fixed Interest Rate home loan before the expiry of the fixed interest rate period, the above fee and an early repayment adjustment will apply. It is debited to your Loan Account.
|
$50.00
|
|
2. Administrative fee for partial prepayments (in excess of any permitted amount per annum)
If, during a fixed interest rate period, HomePath consents to the prepayment of an amount which is less than the amount required to repay the home loan in full, but is in excess of any permitted amount per annum, the above fee and an early repayment adjustment will apply. It is debited to your Loan Account.
More information on the amount of permitted prepayments or how we calculate the early repayment adjustment is available. Alternatively call 1300 130 852* between 8am and 10pm (Melbourne time), 7 days a week.
*A free call unless made from a mobile phone, which will be charged at the applicable mobile rate.
|
$50.00
|
| REPAYING YOUR HOME LOAN EARLY WHEN IT IS AT A VARIABLE INTEREST RATE |
|
No early repayment adjustment will apply if you repay your home loan when it is conducted at the standard variable rate.
|
FREE
|
Calculators