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If you don’t like surprise’s when it comes to your home loan repayments, then why not protect yourself against possible rate rises by fixing your home loan rate with a Community First Fixed Rate Home Loan over 1, 2 or 3 years.
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Features and benefits
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- No annual fees
- No account keeping fees
- 100% offset account attached
- Redraw available with no minimum redraw amount
- Ability to make additional repayments^
- Available for owner occupied or investment purposes
- Maximum LVR of 80% (or 95% with Lenders Mortgage Insurance)
- Option of weekly, fortnightly or monthly repayments
- Reverts to Standard Variable rate at the end of the fixed period with the ability to select a further fixed term
- Maximum loan term of 30 years
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Current interest rates
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Lock in your rate upon approval with our rate lock option
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When applying for a fixed home loan, you have the option of locking in the fixed interest rate that is current at the conditional approval stage, for a maximum period of 90 days. This means that even if our fixed interest rates change between the date of conditional approval and funding, you will still receive the interest rate current at the conditional approval stage (unless the rate at funding is lower).
The rate lock fee is $500 or 0.15% of the loan amount, whichever is higher. If you request a rate lock fee, you will be charged the fee when your loan is conditionally approved and your rate is locked in.
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How to apply for a Rate Lock
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Once you have been advised that your loan has been conditionally approved, complete the rate lock form and forward it to us.
If you applied for your loan at one of our Stores, we recommend you drop the form in to the same Store. Alternatively, if you applied for your loan online or over the phone, forward your rate lock form to us via one of the following methods:
Fax: 02 9735 1661
Email: askus@communityfirst.com.au
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Post: Community First Credit Union, PO Box 98, Lidcombe NSW 1825
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Ways to manage your home loan
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- Internet Banking (optional)
- Mobile Banking (optional)
- Telephone Banking (optional)
- E-statements (optional)
- Over the counter at our 11 Financial Services Stores
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Applying for a home loan with Community First
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Depending on what is most convenient for you, you can choose to apply online, over the phone, or by visiting one of our Financial Services Stores. After you apply for a loan with Community First, we will contact you within 24-48 hours regarding your application.
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Loan calculators
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Our Loan Calculators will help you work out a range of calculations such as how much you may be able to borrow, what your repayments will be, and how additional repayments can affect your loan term and interest paid.
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We'll come to you - just choose the time and place
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We understand that choosing a home loan can seem a little daunting. You might prefer to sit down and speak with some one face to face about your options, or you might feel more comfortable having some one assist you to complete your home loan application. If you can't get to a Community First Store, you can book one of our Mobile managers. They can visit you at a time and place that suits you to help you through the whole process.
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Want to find out more? We'll call you
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Simply complete our online home loan enquiry form and a Member Service Officer will phone you back either as soon as possible, or at time suitable to you.
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* Terms and conditions, fees and charges apply - details available on application. All loans subject to lending guidelines. Rate is current as at 09/05/13 and subject to change without notice. **Comparison rate is calculated on a loan amount of $150,000 secured over 25 years. WARNING: The comparison rate is true only for the example 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. After the Fixed interest rate period, the interest rate on the loan reverts back to our standard variable rate. ^Additional repayments can be made up to $25,000p.a. without penalty.
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