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Wizard Clear Value by Wizard
Wizard Clear Value
Institution : WizardTheir Blurb
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Our View
Wizard's Clear Value home loan is a basic variable home loan with a competitive variable interest rate and the option to fix the loan. It's intended for refinancing a residential loan, or buying new owner-occupied or investor residential property. You can borrow up to $750,000 with 90% finance, or $500,000 with 100% finance for up to 30 years. Lender's mortgage insurance is required when the LVR is greater than 80% and the loan is more than $500,000. You can upgrade from the Clear Value home loan to Wizard's Smart Choice Loan, but upgrade fees apply.
Pros
- Competitive variable rate
- Option to fix the rate
- Option to split the loan into two separate accounts
- Make repayments monthly, fortnightly or weekly
Cons
- No direct salary crediting available
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Wizard Product Types
| The Facts & Figures | |
|---|---|
| Special offers | - |
| Min Loan Amount | $ 50000.00 |
| Repayment Holiday | No |
| Introductory Term | - |
| Max Loan Amount | $ 750000.00 |
| Ability to Split Loan | Yes |
| Max LVR | 100.00 % |
| Loan Type | Basic variable rate loan |
| Extra Repayments | Yes |
| Minimum Loan Term | - |
| Early repayments | Yes |
| Offset Account Available | No |
| Maximum Loan Term | 30.00 years |
| Redraw Facility | No |
| The cool stuff: features | |
| Settlemet Fee | 660.00 |
| Redraw fee | 30.00 |
| Application Fee | $ 100.00 |
| Interest only Payments | No |
| Administration Fee (monthly) | - |
| Draw Down Loan Progressively | - |
| Valuation Fee | - |
| Loan is Transferable | No |
| Legal Fee | - |
| Line of Credit Available | No |
| Required Insurance | - |
