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Horizon Home Loan

Description A fully featured home loan for the purchase or refinance of a home or an investment property
Eligibility PAYG and Self Employed
Loan Purpose Purchase, Refinance, Debt Consolidation, Cash out
Loan Amount $150,000 – $1,500,000
Loan Term 15 – 30 years
Maximum Loan to Value Ratio (LVR) 95%
Risk Fee Option For loans between 80% and 85% LVR a Risk Fee can be paid in place of Loan Mortgage Insurance (LMI)
LMI Premium/Risk Fee Payable Above 80% LVR
LMI Capitalisation Cannot exceed 95% LVR
Risk Fee Capitalisation Cannot exceed 85% LVR
Interest Only Option 1 – 10 years
Fixed Interest Option 3 years (other available post settlement)
Line of Credit Available with 10 or 15 years interest only term
Repayment Options Principal and Interest or Interest Only
Repayment Frequency Weekly, Fortnightly, Monthly
Property Requirements Registered first mortgage over Torrens, Strata or old system title
Specific Fees
  • $345 annual fee
  • Legal Fees from $275
  • Break costs may apply if loan is repaid during any fixed rate period

Home Loan icon for Urban MoneyAvailable Loan Features

  • Redraw
  • Offset
  • Dynamic Repayments
  • Inward Direct Debits / Credits
  • Internal Portion Transfer (if a split loan)
  • Split loan facility
  • Inward BPAY
  • BPAY
  • Outward Third Party Direct Debits
  • Outward Cheques (if a line of credit split exists)
  • Loan Access System – internet banking

Contact us about our Horizon Home Loan

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