HSU Mortgage Breaker Home Loan

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Save interest by putting your pay directly into your
HSU Mortgage Breaker Home Loan.

By making your loan repayments and putting a little extra aside into a Mortage Breaker account you could make considerable savings.

The best way to reduce your interest is to split your pay. You make your home loan repayments and then have the remainder of your pay go directly into an Offset Savings account. By doing this you are reducing the daily interest calculated on your loan.

The HSU Mortgage Breaker Home Loan interest is calculated on the remaining loan amount minus the balance in the Offset Savings account.

For example, if you borrowed $200,000 and had a balance of $3000 in the Offset Savings account then the interest for the loan would be calculated on $200,000 - $3,000 = $197,000. Remember, the interest is calculated daily, so keeping the highest balance you can in the account will save you the most money.

You also have full access to the money in this account, with the added benefits of a linked VISA card and cheque book.

No application fees.

No transaction fees.

Automatic Payroll Deductions available.

Redraw facility available.

Reduce interest paid by maintaining a balance in the S50 account.

Home Loan can be topped up to an approved limit at any time.

Home Loan Interest Rates:

Product Type	Annual % Rate	Comparison Rate*
HSU Members Variable Rate	6.93% pa	6.98% pa
HSU Mortgage Breaker	7.03% pa	7.08% pa
Home Equity Loan	7.23% pa	7.28% pa
1 Year Fixed Rate	6.99% pa	7.25% pa
2 Year Fixed Rate	7.39% pa	7.31% pa
3 Year Fixed Rate	7.69% pa	7.42% pa
4 Year Fixed Rate	7.99% pa	7.57% pa
5 Year Fixed Rate	8.09% pa	7.68% pa
Bridging Loan	7.23% pa	7.28% pa

Warning:
This comparison rate applies to the 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.

*Comparison rate based on a $200,000 loan over 25 years. Based on monthly repayments. Loan secured by mortgage.
+ New Loans Only. No refinancing of existing HSUCU mortgages available.
Minimum redraw amount of $100 and $20 service fee applies.

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HSUCU also provides me:
	Home & Contents insurance
	Landlord's insurance

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HSU Members Credit Union is a division of SGE Credit Union :: AFSL: 238311 :: BSB: 802 035