| Hassle Free Finance |
| |
| Resident Home Builders have established relationships with various
lenders to take the hassle out of financing your new home.
The home loan repayment table below will help you calculate
your average monthly repayment on the Resident Home of your choice. |
| |
LOAN
$ |
6.5%*
$ |
7.0%*
$ |
7.5%*
$ |
8.0%*
$ |
8.5%*
$ |
| 80,000 |
506 |
532 |
559 |
587 |
615 |
| 90,000 |
569 |
599 |
629 |
660 |
692 |
| 100,000 |
632 |
665 |
699 |
734 |
769 |
| 110,000 |
695 |
732 |
769 |
807 |
846 |
| 120,000 |
758 |
798 |
839 |
881 |
923 |
| 130,000 |
822 |
865 |
909 |
954 |
1000 |
| 140,000 |
885 |
931 |
979 |
1027 |
1076 |
| 150,000 |
948 |
998 |
1049 |
1101 |
1153 |
| 160,000 |
1011 |
1064 |
1119 |
1174 |
1230 |
| 170,000 |
1075 |
1131 |
1189 |
1247 |
1307 |
| 180,000 |
1138 |
1198 |
1259 |
1321 |
1384 |
| 190,000 |
1201 |
1264 |
1329 |
1394 |
1461 |
| 200,000 |
1264 |
1331 |
1398 |
1468 |
1538 |
| 210,000 |
1327 |
1397 |
1468 |
1541 |
1615 |
| 220,000 |
1391 |
1464 |
1538 |
1614 |
1692 |
| 230,000 |
1454 |
1530 |
1608 |
1688 |
1769 |
| 240,000 |
1517 |
1597 |
1678 |
1761 |
1845 |
| 250,000 |
1580 |
1663 |
1748 |
1834 |
1922 |
| 260,000 |
1643 |
1730 |
1818 |
1908 |
1999 |
| 270,000 |
1707 |
1796 |
1888 |
1981 |
2076 |
|
| |
| *Based on a 30 year loan with monthly repayments. Guide only |
| |
| Application Checklist |
| INCOME: (Any two of) |
| • Three recent computerised payslips. |
| • or, letter from employer stating position, commencement date - if still on probations, annual gross income, year to date, regular overtime and allowance. |
| • Copy of employment contract (if applicable). |
| • Last 2 years group certificates or tax returns. |
| |
| IF SELF EMPLOYED: |
| • Last two years tax returns, (personal and company) Memorandum and Articles of Association, copy of trust Deed. |
| |
| RENTAL INVESTMENT: |
| • Copy of tenancy agreement for all owned investment properties or a letter from a real estate office to confirm the estimated rental income. |
| |
| ASSETS: |
| • Copy of saving history for past 6 months (passbook, statements). |
| • Copy of sale contract on existing home or settlement letter from your solicitor if the despoit is to come from the sale of an existing home. |
| • Written statement, if any part of the deposit is a gift, stating the amount of the gift and that it is non-repayable. |
| • Rate notice on any existing owned properties. |
| • Copy of superannuation statement, share certificate, etc. |
| |
| LIABILITIES: |
| • Copy of contract note or contract of sale. |
| • Copy of plans, specifications or fixed price contract (construction/renovations). |
| |
| I.D.: |
| • 100 points ie. passport, drivers licence, birth certificate, credit card. |
| |
| First Home Buyers Our Specialty: |
| Finance available for 100% Loans (TAP) |
| • House and Land Packages |
| • Investment Properties |
| • No Savings History Loans (TAP) |
| |
