HomePay provides a specialized construction loan facility with unique and distinctive features for prospective homeowners looking to build a new property either to live in or for investment purposes.

HomePay is very different in its design from other loan programs and stands apart due to the following special features:

• 12 MONTHS FULL DEFERRAL OF MORTGAGE REPAYMENTS FOR BOTH LAND AND BUILDING LOANS.
• IF CONSTRUCTION IS FINALISED WITHIN 12 MONTHS THERE IS ALSO THE ADVANTAGE OF SUSPENDING REPAYMENTS FOR THE REMAINDER OF THAT PERIOD.
• ALL ACCREDITED BUILDERS ARE REQUIRED TO SUCCESSFULLY COMPLETE A COMPREHENSIVE AUDITING PROCESS.

ADDITIONAL FEATURES:

• Loan amount - Max Borrower Exposure $7,500,000.
• Loan terms - 360 months, 12 months for construction.
• Repay options - P&I after construction or 12 months Interest only.
• LVR up to 92% - Fixed or variable interest rates.
• Redraw - Available after final draw down (on completed construction).
• Offset account - 100% available (on completed construction).
• Weekly, fortnightly or monthly repayments.
• Visa debit card - available for Australian residents only.