Westpac Rocket Repay Mortgage Loan (Premier Advantage Package)

Westpac Rocket Repay Mortgage Loan (Premier Advantage Package)

The main points shown listed here are for the owner occupier taking right out a principal & interest loan with a minimum of $150,000 with an LVR below 95%

The facts shown listed here are for an owner occupier taking right out a principal & interest loan of at the very least $150,000 with an LVR below 70per cent

The important points shown here are for the owner occupier taking out fully a interest just loan with a minimum of $150,000 with an LVR below 70per cent

The important points shown here are for the owner occupier taking out important link fully a interest just loan with a minimum of $150,000 having an LVR below 80per cent

Pick the type of this loan you like best

Owner Occupier (Principal & Interest)

Owner Occupier (Principal & Interest)

Owner Occupier (Interest Just)

Owner Occupier (Interest Just)

Westpac Rocket Repay Mortgage Loan (Premier Advantage Package)

Mozo editorial review Westpac Rocket Repay mortgage loan (Premier Advantage Package)

Last updated: 18 2020 september.

What is hot

  • 100% offset account
  • Totally totally Free extra repayments and facility that is redraw
  • Borrow with as low as 5% deposit
  • As much as $3,000 cashback (limited time offer)
  • What exactly is not

  • $395 yearly service charge
  • Mozo snapshot

    While the title implies, this can be a home loan package that is premier. Offering a 100% offset account, along with free extra repayments and redraws, the Westpac Rocket Repay mortgage (Premier Advantage Package) does indeed deliver all of the perks of the full-feature loan. Potential property owners is likewise in a position to borrow with as low as a 5% deposit, meaning maybe it’s an option that is handy very first home owners.

    Key features

    Open to owner-occupiers, the Rocket Repay mortgage loan (Premier Advantage Package) from Westpac delivers a 3.29% adjustable interest (3.70% contrast rate*) for several loan quantities over $150k for the owner occupier making major and interest repayments. Borrowers should be able to borrow with a deposit as little as 5% ( thought which could require Lenders Mortgage Insurance) while interest-only borrowers need a deposit with a minimum of 20% to secure that loan.

    However the Rocket Repay mortgage loan (Premier Advantage Package) actually stands apart with regards to its array of features. Not only can borrowers manage to decrease in the interest they spend by using a 100% offset account, theyll also have the ability to make additional repayments towards the mortgage – at no cost!

    Talking about additional repayments, if you’re in a position to pay down a lot more than you need to on your loan then youll be able to withdraw those extra funds using the free redraw center, or utilize them to take a partial or complete payment getaway.

    Think about fees you ask? You wont need certainly to pay any application, legal, settlement or valuation charges from the loan, you will have to cover the $395 yearly solution cost plus the $350 release charge youll be charged whenever you shell out your mortgage in complete.

    And leading mortgage loan package wouldnt be complete without a couple of additional perks. Rocket Repay mortgage (Premier Advantage Package) clients will be entitled to a amount of discounts and fee-waivers on select Westpac bank cards, bank records and insurance coverage products.

    Who is it best for

    The Westpac Rocket Repay mortgage loan (Premier Advantage Package) could possibly be an excellent option for borrowers who are able to make use of an offset account and all sorts of the other perks of the full-feature mortgage loan, along with the other banking and insurance discounts being offered.

    Any catches

    Considering that the service that is yearly ($395) will soon add up to $9,875 over a 25 12 months loan, its certainly worth weighing it up resistant to the suite of features being offered.

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