QTMB Mortgage Breaker
A QTMB Mortgage Breaker Home Loan offers a standard variable loan with flexible features including a 100% offset facility, which can help reduce the amount of interest you pay as well as shorten your loan term.
Simply link your home loan to a current account and use your savings balance to reduce the overall balance of your loan – this minimises the interest you pay on your home loan.
By getting your salary deposited directly in to your Mortgage Breaker account, you can maximise the amount that gets offset against your home loan reducing the amount of interest you pay.
Features
| Feature |
Availability |
| Loan Purpose - Construction |
Yes |
| Loan Purpose - Refinance |
Yes |
| Loan Purpose - Land |
Yes |
| Loan Purpose - Residential |
Yes |
| Loan Purpose - Investment |
Yes |
| Any worthwhile purpose |
No |
| Interest Rate |
See interest rate schedule |
| Variable |
Yes |
| Fixed |
No |
| Interest only option |
No |
| Split Loan Available |
Yes |
| Redraw |
Yes - Owner occupied only |
| Offset |
Yes - optional |
| Minimum Loan Amount |
$20,000 |
| Maximum Term |
30 years |
| Interest details |
Calculated daily, charged monthly |
| Top-ups |
Min $20k up to 80% LVR |
| LVR requirement |
80% or up to 95% with LMI |
| Unlimited additional repayments |
YES |
| Available in package |
Choices |
Combine a Mortgage Breaker Home Loan with the QTMB Choices Package for even greater value -
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Download and print an application form and complete it when you're ready.
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Interest rates are on a per annum basis and are current as at 1 October 2011. Comparison rate calculated on loan amount of $150,000 and for a term of 25 years based on monthly repayments. WARNING: This comparison rate is true only for the example given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. Interest rate changes will be advised as required by legislation. Full terms, conditions, fees and charges for the products are available from us.
Repayment Pause available on Owner Occupied loans only. Subject to terms and conditions.