Home Loans. Talk to us today.

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1 Home Loans Talk to us today.

2 Find the right loan for you At Heritage we understand everyone s needs are different, so we take a personalised approach to finding a home loan that suits you. We have dedicated lending specialists who will help you through the application process and beyond - that s the difference a People first bank makes. Variable Loans Variable rate loans are generally more flexible than fixed rate loans because you re not locked in to a fixed term contract. If your circumstances change, so can your loan. Discount Variable Looking for a simple low rate, and don t need an offset account? Our Discount Variable home loan could be perfect for you. With no monthly administration fee, and a low variable rate, our Discount Variable home loan is as cheap as chips, and you can still make unlimited extra repayments to get the balance down sooner. Standard Variable Heritage Bank s Standard Variable home loan is a great option if you want to save as much interest as possible with an offset account, with very few restrictions and penalties. Home Advantage Package Package your standard variable, fixed rate or living equity loan together with a credit card, personal loan and savings account, and you 2 Heritage Bank

3 could save up to $1,175 in the first year with further discounts on interest rates and fees across the board. 1 Fixed Rate Loans If you want to lock in now and know exactly how much your loan repayments will be over the next 1, 2, 3 or 5 years, a fixed rate loan from Heritage is your best bet. Our fixed rate loans have features a lot of other banks don t offer, like unlimited additional repayments.^ Living Equity The equity you hold in your home is an asset you can use for additional borrowing for property or share investments, education, or holidays. It can also act as a general line of credit. With the Living Equity line of credit you can access between $20,000 and $500,000 for up to 30 years, and the repayments are interest only for the first 10 years. Family Guarantee Immediate family can use equity in their own property to assist you with purchasing an owner occupier property. You don t have to be a first home buyer to be eligible for the Family Guarantee product. Bridging Loans Buy your dream home up to 6 months before you ve sold your existing property with no repayments until you settle. Home Loans 3

4 Reverse Mortgage If you own your home, Heartland Seniors Finance (Heartland) Reverse Mortgage 2 can turn your home into a cash asset. If you are 60 or over, a Heartland Reverse Mortgage lets you access some of the equity in your home. (Please note that this product is only available through Heritage branches and not through our broker network). Offset Accounts Want to pay back your loan sooner and cut the amount of interest paid, without having to increase your repayments? An offset account operates like a savings account but instead of paying interest it reduces the amount of interest you pay on your loan. Mortgage Crusher 100% offset The Heritage Mortgage Crusher account provides 100% interest offset 3, which means you can reduce the amount of interest you pay on your home loan and help pay it out sooner Please see table on page 6 showing eligible Heritage variable rate mortgage loans a Mortgage Crusher account can be linked to. The table on the oppostite page is an example of how a Mortgage Crusher offset account could help you. 4 Heritage Bank

5 Without Mortgage Crusher With Mortgage Crusher Home loan balance $300,000 Pay interest on this amount Home loan balance less balance in Mortgage Crusher account $287,000 Pay interest on this amount only Balance in Mortgage Crusher Account $13,000 Home loan amount Mortgage Crusher account balance Balance that interest is paid on $300,000 $13,000 $287,000 Example only. Loan Offset Partial Offset If you have a credit balance in your Loan Offset account on any given day, Heritage will apply a reduced interest rate on an equivalent amount of your home loan. The reduced interest rate is based on the home loan interest rate less the Loan Offset interest rate (available on Heritage s website). Please see table on page 6 showing eligible Heritage loans a Loan Offset account can be linked to. Home Loans 5

6 Eligible Loans LOAN TYPE Mortgage Crusher Loan Offset Standard Variable Bridging Loan Home Advantage Package Variable Home Advantage Package Fixed Fixed Rate Personal loans Home Loan Application Checklist Being prepared before applying for a home loan will help us to process your application as quickly as possible. Information you may need to provide includes: Evidence of current income Purchase contract (if buying or selling a property) Details of your financial commitments Details of your assets; and Proof of identity 6 Heritage Bank

7 ^Break fees may apply if, during a period in which the interest rate is fixed, the loan is paid out. 1 Savings are calculated based on no application fees payable when eligible loans are part of the home advantage package for the following products, standard variable loan ($600), fixed rate loan ($600), personal loan ($200) and a visa platinum card ($125) minus a $350 fee payable annually for the home advantage package. 2 The Heartland Reverse Mortgage is a loan provided by the Heartland Australia Group Pty Ltd and its related bodies corporate. They are not related to Heritage Bank. Heritage Bank is only a promoter and distributor of this loan. Successful applicants will not be entering into any agreement with Heritage Bank. Applications for a Heartland Reverse Mortgage are subject to their loan approval criteria. Full terms and conditions will be included in any loan offer. Fees and charges apply. Credit provided by ASF Custodians Pty Ltd (ACN / Australian Credit Licence No ). 3 Full offset applies when account balance is over the minimum account balance of $500 for interest purposes. All examples are an estimate only and are provided solely for illustrative purposes. All loans and credit cards are subject to application and approval. Conditions, criteria and fees apply and are subject to change without notice. Please read the Guide to Heritage Deposit Products, the Guide to Heritage Credit Card products and the Heritage Bank Fees and Limits Guide (available in branch, by phoning or at heritage.com.au) before making any decision about products outlined in this brochure. This advice has been prepared without taking into account your objectives, financial situation or needs. Because of this you should, before acting on this information, consider its appropriateness having regard to your objectives, financial situation or needs. To decide if this product is appropriate for you, please read and consider the relevant Product Disclosure Statement (available in branch or at heritage.com.au) Information correct as at the effective date of this brochure and subject to change without notice. Home Loans 7

8 Find out more Drop into your nearest Heritage branch Visit heritage.com.au Call Connect with us Facebook: facebook.com/heritage YouTube: youtube.com/heritagepeoplefirst Talk to us today about a home loan. This environmentally responsible brochure is printed using vegetable based inks on a paper that is produced using only sustainable resources under the guide of Responsible Forestry Practices. This paper is endorsed by the Forest Stewardship Council, is elemental chlorine free, and is manufactured under Environmental Management System ISO Heritage Bank Limited. ABN AFSL Australian Credit Licence LE001 Effective 03/18