Liberty Financial - Liberty Options

FEATURES	LIBERTY OPTIONS
Minimum loan amount	$30,000
Maximum loan amount	$3,000,000
Additional repayments
Split loan option
Redraw
Repayment frequency	Weekly, fortnightly, monthly
Repayment type	Principal and Interest, Interest-only
Availability	Owner Occupier, Investor

FEATURES

LIBERTY OPTIONS

Minimum loan amount

$30,000

Maximum loan amount

$3,000,000

Additional repayments

Split loan option

Redraw

Repayment frequency

Weekly, fortnightly, monthly

Repayment type

Principal and Interest, Interest-only

Availability

Owner Occupier, Investor

RATES AND FEES	LIBERTY OPTIONS
Rate	Call 13 11 33 for rates
Application fee	$1,995
Valuation fee	$330
Settlement fee	$0
Ongoing fee	$15 per month
Redraw fee	$50
Discharge fee	$395

RATES AND FEES

LIBERTY OPTIONS

Rate

Call 13 11 33 for rates

Application fee

$1,995

Valuation fee

$330

Settlement fee

Ongoing fee

$15 per month

Redraw fee

$50

Discharge fee

$395

faq's

Q:
How do I apply for a home loan?

Applying for a home loan with Liberty Financial is easy. Just contact us and one of our expert advisers will be in touch. Or you can call 13 11 33 from Monday to Friday, between 8.30am and 5.30pm (AEST), and one of our friendly customer service team will be happy to help!

Q:
What is a compulsory comparison rate?

The National Consumer Credit Protection Act 2009 (Cth) stipulates that any advertised interest rate must also include a compulsory comparison rate (CCR). A CCR is calculated in accordance with a standard formula which incorporates known establishment, ongoing and discharge fees into the interest rate. It is designed to provide you with the ability to compare the 'true cost' of different loans. However, the CCR does not include any 'event-based costs' such as redraw fees or fees that are not known at the time the CCR is provided.

Q:
Can I switch my home loan from another lender to Liberty Financial?

We make the process of switching your loan to Liberty easy and hassle-free. We always assess your loan application on its own merits and tailor a home loan for each customer, so if you are considering switching your loan to Liberty from another lender, contact a Liberty Adviser or call our friendly customer service team on 13 11 33 to learn more.

Q:
What is Lenders Mortgage Insurance?

Lenders Mortgage Insurance (LMI) is a type of insurance that's taken out as part of certain home loan applications. LMI provides lenders with cover for any shortfall that may occur from the sale of a security property. At Liberty Financial, when borrowers seek a loan in excess of a loan to valuation ratio (LVR) of 80%, LMI is required. For certain types of applications (e.g., low doc loans), LMI may be required for loans with an LVR over of 60%. The LMI premium is payable by borrowers.

Q:
What happens if my personal or financial circumstances change?

A lot can happen over a 25-year home loan term! We have plenty of experience in proactively working with our customers to manage their loans when circumstances change. Options can include changing your repayments to Interest-only for a set period of time, reducing your repayments or, if you are already ahead on your loan repayments, taking a repayment holiday.