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First Home Buyer Standard Variable by Aussie


First Home Buyer Standard Variable

Institution : Aussie

Their Blurb

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Our View

The First Home Buyer Standard Variable from Aussie Home Loans lets borrowers take advantage of the First Home Buyers Grant from the Federal Government. You can payback the loan in lump sums if you have the cash, or just pay the monthly interest amounts if you need to. There are no monthly fees and this loan is available to first home buyers only.

Pros

  • First year Building Insurance waived
  • Use first home buyers grant towards deposit
  • 95% Max LVR

Cons

  • High portability fee



The Facts & Figures 
Min Loan Amount$ 50000.00
Repayment Holiday No
Introductory Term -
Max Loan Amount -
Ability to Split Loan Yes
Max LVR95.00 %
Loan TypeStandard variable rate loan
Extra Repayments Yes
Minimum Loan Term -
Early repayments No
Offset Account Available No
Maximum Loan Term30.00 years
Redraw Facility Yes
Special offersAussie pays your building insurance in the first year, save $400.00
The cool stuff: features 
Settlemet Fee100.00
Redraw fee0.00
Application Fee$ 500.00
Interest only Payments Yes
Administration Fee (monthly)$ 0.00
Draw Down Loan Progressively -
Valuation Fee -
Loan is Transferable Yes
Legal Fee -
Line of Credit Available No
Required Insurance -
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