$199 per week promotion
The advertised repayment figure of $199 per week is based upon a $337,000 house and land package with a 5% deposit at an annual interest rate of 3.89% over 30 years from CBA and without capped mortgage insurance.
Comparison Rate and Fees
Commonwealth Bank 95% LVR
$337,000.00 x 95%= $320000 x 3.89% annual percentage rate, comparison rate 3.90%
No application fee, No monthly service fee, $200 Settlement fees, Progress claim fees $80 per claim, Valuation fee $118.50 x 3
FHOC will pay the home owner a builders rebate (maximum of $150.00 per week) on a weekly basis for a maximum period of 52 weeks in order to reflect a weekly figure of $199.00 per week. (IE$349.00 per week-$150.00 builders rebate per week=$199.00)
This offer is only available for selected home designs.
This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The total cost over the 30 year term of the loan is $575,549.00.
Customers who choose the $199 per week repayment promotion are no longer eligible to choose any other offer
$1,000 Bonus Pre-Start Allowance give-away
This is a strictly limited offer that is subject to cancellation at any time.
The $1,000 pre-start allowance will only apply to single storey designs that are featured on the First Home Owners Centre website.
This bonus pre-start allowance cannot be exchanged for a discount against the home price.
Are You Renting? No Savings? No Worries!
The First Home Owners Centre will use its licenced brokers to access your financial position and capabilities. Whilst we are able to help consumers who have debt, no current savings or defaults, we do not provide any guarantees, as each consumer’s personal situation is unique to that person.
Every consumer who registers via the “Register for a $1,000.00 pre-start allowance” form will receive a $1,000.00 pre-start allowance at no charge should they proceed to an unconditional building contract with the First Home Owners Centre.
The $1,000.00 pre-start allowance is not transferrable or redeemable for cash.