Home Loans Home Loans

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1 Home Loans Home Loans

2 Contents Why choose a home loan from Community First? 2 Which home loan is right for you? 3 Features at a glance 5 How much can I borrow? 11 How to apply 12 Important information 13

3 Why choose a home loan from Community First? Whether you are a first-home buyer, investing, moving to a bigger house or looking to renovate, we can help you choose the right home loan to suit your needs and make the process as straightforward as possible. With so many home loans on the market today, choosing the right loan can be a little daunting. Community First makes it simple for you with our range of choices for home buyers, which include flexible repayment options and no account keeping fees on the majority of our home loans. This brochure outlines Community First s range of home loans, features and benefits. This will make it easier for you to select the right loan and take your first step towards buying a home. 2.

4 Which home loan is right for you? Whatever your reason for applying for a home loan, Community First has one to meet your needs. What do you want? A simple easy to manage home loan with a low ongoing variable rate. A home loan that is easy to manage with a 100% offset facility and a discount variable interest rate. Pay off as much as you can but still have the flexibility of redraw. Just starting out and want the security of a low fixed rate for one year before switching to our standard variable rate. The security of knowing what your repayments will be over a fixed term with a fixed interest rate. A flexible loan suited to my investment goals with fixed, variable and 1, 2 and 3 year fixed options. To find my next investment property Our Solution True Basic Accelerator True Value Honeymoon Rate 1,2 & 3 Year Fixed Rate Investment Home Loan Interest Only (standard variable or fixed rate available) 3.

5 True Basic Home Loan Our True Basic home loan is a simple easy to manage home loan with a low variable interest rate. It has all the standard features you would expect and you are only charged on a pay-as-you-use basis. Features and Benefits: No account keeping fees No annual fees Redraw available Eligible to receive a Member Allowance which can save you money on transaction fees Option of weekly, fortnightly or monthly repayments Additional repayments accepted True Value Home Loan Our True Value home loan at the standard variable interest rate offers great features and flexibility. Features and Benefits: No account keeping fees No annual fees Redraw available Option of weekly, fortnightly or monthly repayments Additional repayments accepted Eligible to receive a Member Allowance which can save you money on transaction fees 100% offset account 4.

6 Features at a glance True Accelerator True Basic Home Loan Value 100% offset available Fixed rate available Redraw available Package Discount Flexible repayment Additional repayment X X X X X X Honeymoon Home Loan Our Honeymoon Home Loan is perfect for those just starting out in the home owners market. The introductory interest rate on the Honeymoon Home Loan is fixed for one year, after that returning to the standard variable interest rate. This not only saves you money on interest for the first year of your loan while you settle in to paying off your new home, but also gives you the financial security of knowing what your repayments will be for a whole year. 5.

7 Interest Only Honeymoon Fixed Home Loan Rate X X X X Features and Benefits: Low Fixed Rate for 12 months Redraw available Weekly, fortnightly or monthly repayments 100% offset account attached No annual fee No account keeping fees 6.

8 Accelerator Home Loan If you re after a home loan that rewards you with a interest rate discount and a range of other discounts on financial products and services, then you ll find our Accelerator Home Loan is just for you. Features and Benefits: No account keeping fees Redraw facility available Option of weekly, fortnightly or monthly repayments Additional repayments accepted Available for owner occupied, investment or construction purposes 100% offset account attached You will be eligible to subscribe to an Accelerator Package which offers a range of benefits: Discounts off our standard variable rate depending upon your application amount. E.g. for total home loan borrowings greater than $250,000, 0.50% discount, for total home loan borrowings less than $250,000, 0.40% discount on the variable portion of the home loan. No annual fee on our low rate Visa credit card if you wish to have a credit card No transaction fees on the 100% offset transaction account No personal loan application fee Free initial appointment with Bridges Financial Planner (does not cover plan fee) 10% discount on Home and Contents and Car Insurance in year one. For more information visit or call

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10 Fixed Home Loan If you don t like surprises when it comes to your repayments, then why not protect yourself against possible rate rises by fixing your home loan rate. Our Fixed Rate home loans provides you with the comfort and stability of knowing that your repayments will stay the same for up to 3 years. In most cases variable rates would apply as soon as the fixed term rate is over, but with the Fixed Home Loan you have the choice to select a further fixed term*. Features and Benefits: Fixed rate terms from 1 to 3 years* Ability to select a further fixed term No annual or account keeping fees Redraw available Option of weekly, fortnightly or monthly repayments Additional repayments accepted with generous limit ($25,000 per annum) 100% offset account attached Eligible to receive a Member Allowance which can save you money on transaction fees Rate lock option available for the rate to be guaranteed at funding Additional options If you are after the best of both worlds why not consider a split loan. This allows you to split your loan paying a fixed interest rate on one portion and variable on another. You choose the split ratio. Fixed rate terms are available for up to 3 years. You may wish to fix a portion of your loan for an agreed period, and then re-fix your loan at the maturity of the agreed period. Redraw facilities are available to give you access to any extra funds you have paid to your loan account. *Note: An Early Repayment Fee may apply. 9.

11 Investment Home Loans Whether you are investing to work your way towards an additional income stream, to take advantage of tax benefits, or simply trying to build your assets, property investment can be a great way to secure your financial future. You could also consider using the equity in your existing home as a cost effective way to start investing. Community First provide a range of investment loans to suit your needs including: Interest only loans (up to 5 years) Principal and interest loans Standard variable and 1, 2 & 3 year fixed rate loans 10.

12 How much can I borrow? So you have a clear understanding of what you are able to borrow we have a range of loan calculators at These calculators can help you to: Find out how much you can borrow Calculate your stamp duty Find out what your repayments will be Calculate the effect of lump sum repayments See the effects of splitting your loan What you need for your application You will need the following information to complete an application: Your salary and details of any other income, such as rent or dividends If you are self-employed, your income figure from your tax return from the last 2 years Your current employer s details (name, address and phone number) If you have not been in your current job for three years, the details of your previous employment Your driver s licence number If you are an existing Community First Member, your membership number If you have not been living at your current address for at least three years, the details of your previous address 11.

13 Details of your assets and liabilities including home and other property values, the values of your savings and investments, shares, life insurance, motor vehicles and personal effects If you are currently paying off your home and have a mortgage, the details of the monthly payments plus balance If you are renting or boarding, the details of your landlord/real estate agent s name and contact number Details of all your monthly financial commitments (payments made for other loans/credit cards/store accounts, etc) How to apply There are several ways of applying for a home loan with Community First. It s simple to apply and can be done when its convenient for you. Apply online at and submit your application within our secure website. Not keen on forms? Call Community First Direct on and apply by phone. Drop in at one of our Financial Services Stores (see back cover for locations)

14 Important information Annual Accelerator Package Fee To be eligible for the benefits of the Accelerator Package, you agree to pay an annual fee of $395. This fee will be charged to your nominated Community First Package Offset Savings Account (or another account as chosen by Community First from time to time). The Fee is due on the last day of the month in which you signed an Accelerator Package Acceptance Form, and Community First has accepted your application. The fee is then due every 12 months after that until your Accelerator Package is cancelled. For example, if you settled your Accelerator Home Loan on 15 March 2010, your first anniversary of the annual fee will be charged to your nominated Community First Offset Savings Account on the 31 March You will be entitled to the package benefits for as long as you continue to pay the annual package fee and satisfy the qualifying criteria s, or until you cancel participation in the package, or are in default on any of your property loans or savings account. Note that if the nominated Community First Package Offset Savings Account has insufficient funds at the date in which the annual fee is charged, we reserve the right to draw the funds which may result in your savings account going into a debit position. If this was the case, a default interest rate will be charged until such time that sufficient funds are credited into the account and the account is brought back into a credit position. Should you no longer be eligible (refer to eligibility criteria) for the Accelerator Package we may withdraw all package benefits and notify you in writing not less than 20 days prior to its withdrawal. The Accelerator Package benefits cannot be taken in conjunction with, or in addition to other special offers, negotiated rates or discounts offered by Community First. Community First reserve the rights to review, amend, refuse or withdraw the package and its benefit components at any time, including the package fee. The Accelerator Package Terms and Conditions do not form part of the Terms and Conditions of the Accelerator or True Professional Home Loan. If you cancel your package, we will not refund your annual package fee. Cancellation of the Accelerator Package: We reserve the right to cancel the Accelerator Package in the event that one of the following occurs: 1) You do not hold the mandatory accounts as detailed in the eligibility criteria 2) You are in default of your home loans, any other loans or credit card you hold with Community First Credit Union 3) You fail to pay the Accelerator Package fee If you would like to cancel the Accelerator Package, you are required to give us 7 days advance notification in writing for the cancellation of the package. Note that if you were to change the home loan from the Accelerator or True Professional Home Loan to another home loan, the Accelerator discount will not apply on the new variable home loan. *All loans subject to lending guidelines. Terms and conditions, fees and charges apply - details available upon application. Community First Credit Union Ltd ABN , AFSL No:

15 Home Loans All your banking needs can be found at Community First Home Loans Home Loans Home Loans Savings & Investments Insurance products Home Loans Savings & Investments Insurance Home Loans Personal Loans Home Loans Easy ways to bank Card Options Personal Loans Easy Ways to Bank Card Options

16 Community First Head Office Level 2, St. Hilliers Road Auburn NSW 2144 P.O. Box 98 Lidcombe NSW 1825 Contact Details T: W: E: ABN: AFSL: BSB: Financial Services Stores Bankstown Centro Bankstown Campbelltown Macarthur Square Charlestown Charlestown Square Shopping Centre Erina Erina Fair Glendale Stockland Glendale Lake Haven Lake Haven Shopping Centre Mt. Druitt Westfield Mt. Druitt Penrith Centro Nepean Rouse Hill Rouse Hill Town Centre Swansea Swansea Plaza Tuggerah Westfield Tuggerah Woy Woy Peninsula Plaza Liverpool Westfield Liverpool CFCU/NOVUM HLB/20/8/10