Homestar Advantage Premium > $500,000

No applications fee, no settlement fee and no annual fees or ongoing fees but you do get unlimited redraw and full banking facilities. Too good to be true? No, it is what you get if you take out a Homestar Advantage premium > $500,000 home loan.

Home Loan	Details	Interest Rate (p.a.)	Comp Rate^ (p.a.)	App Fee / Ongoing Fee	Max LVR	Min & Max Borrowing
HomeStar Advantage Premium >$500,000	No application or ongoing fees and a bonus discounted rate.	6.23%	6.23%	$0 / $0	95%	$500,000 / $2,000,000

Benefits such as these are available to home buyers who can come up with a 20 percent deposit (10 percent if you are willing to take out mortgage insurance). Be you a owner occupier, buying for investment purposes, seeking to refinance an existing home loan or investment loan or maybe you are looking for a business loan, you are all eligible to benefit from a Homestar Advantage Premium > $500,000 loan. All loans must be secured as a registered first mortgage held over residential property.

A Homestar advantage loan can be secured for loans from $500,000 to $2,000,000 with repayments, at a current interest rate of 6.23%, organized to be paid over a term from 10 to 30 years. The repayment of a Homestar advantage loan can be arranged so that you pay off principal and interest with each weekly, fortnightly or monthly repayment, or if you prefer, you can choose to repay interest only for terms from two, three or five years.

You get to choose your own interest repayments: Variable, fixed or split.

A Homestar advantage loan is designed to suit the borrower no matter if you prefer variable interest rates, fixed interest rates or a split of either with a portion of the loan attracting variable interest and another portion attracting fixed interest rates. If you consider interest rates will increase in the future you may choose to have the loan drawn up as a fixed interest rate mortgage. On the other hand you may feel that interest rates are more likely fall, in this case you will probably be more inclined to choose a variable interest rate right from the start. Then again if you are not sure you can choose to have some of the loan repayable at fixed interest with another part repayable at variable interest.

If financial conditions were to change during the term of your Homestar advantage loan you will have peace of mind with the knowledge that all or part of your variable interest rate loan can be converted to a fixed interest rate loan at any time of your own choosing.

You will also have the ability to make additional payments into your Homestar advantage loan account at any time without penalty for doing so. The end of year bonus, taxation refunds, any available money from any source can be paid into the loan account whenever you wish to do so. Payments into the Homestar, advantage home loan account can be made by electronic direct debit or direct salary credit arrangements.

What you pay in you can also take out without recrimination through the Homestar, advantage redraw facility:

• You will have the benefit of an unlimited free redraw which means you can pay anyone direct from your account to any other bank, building society or credit union simply by using a valid BSB and account number.
• There is however a maximum withdrawal of $5,000 per day and this facility is not available during the times your loan is enjoying a fixed interest rate period.

A Homestar, advantage loan also carries with it a split loan facility that will allow you to organize up to four separate splits. You will be able to transfer monies between splits using the Homestar inter account payment facility.

Exit fees will also be available if you wish to pay out the loan earlier than planned when the loan is in a fixed interest rate state.

There are many advantages to be had when you take out a Homestar, advantage home loan. In many aspects you are the one in charge of your own home loan, as it is a hands on document that can be changed as your situation changes throughout the life of the loan.

Click here for more information on the HomeStar Advantage Premium >$500,000 loan