No-Doc 70 Home Loans  
                 
                 
   Current at    8 September 2006  
   Who is this loan for?    Self-employed borrowers who have a trading history of less than 2 years and/or more complex business structures  
   Security Required    First registered mortgage over residential dwelling or vacant residential land.  
                 
      Variable Rate Capped Variable Rate Fixed Rate  
   Rate option (see website for details)    E $+ Ï  
   Capped/Fixed Period      1 to 5 years 1 to 5 years  
                 
  Text Box: (secured by residential property) Uses               
   Purchase    ˜ ˜ ˜  
   Refinance    ˜ ˜ ˜  
   Investment    ˜ ˜ ˜  
   Debt consolidation    ˜ ˜ ˜  
   Other investments    ˜ ˜ ˜  
   Business purposes    ˜ ˜ ˜  
   Construction    š š š  
                 
   Property Types               
   Residential property    ˜ ˜ ˜  
   Residential land    ˜ ˜ ˜  
   Commercial Property    š š š  
   Multiple security properties allowed  # ˜ ˜ ˜  
                 
   Maximum Loan-to-Value Ratio (LVR)               
   Residential property - owner occupied    70% 70% 70%  
   Residential property - investment    70% 70% 70%  
   Residential land    70% 70% 70%  
                 
   Loan Size               
   Minimum per security    $20,000 $20,000 $20,000  
   Maximum per security    $1,000,000 $1,000,000 $1,000,000  
   Maximum loan    $2,000,000 $2,000,000 $2,000,000  
                 
   Maximum Loan Term           
   Term including fixed, capped or interest-only periods    30 years 30 years 30 years  
                 
   Interest Rate Options               
   Principal and Interest    ˜ ˜ ˜  
   Interest-Only for up to 5 Years    ˜ ˜ ˜  
                 
   Extra repayments  ¯            
   Free    ˜ ž ž  
   Unlimited    ˜ ž ž  
                 
   Redraws  ¯            
   Free    ˜ ž ž  
   Unlimited    ˜ ž ž  
   Minimum redraw amount    $500 $500 $500  
                 
   Loan switching (between rate types)  ¯ ˜ ž ž  
                 
   Loan splitting (between rate types)  ¯            
   Free    ˜ ž ž  
   Max. number of accounts    4 4 4  
                 
   Portability of security properties  # ž ž ž  
                 
   Repayment methods               
   Electronic direct debit    ˜ ˜ ˜  
   B-Pay (fees apply)    ˜ ˜ ˜  
                 
   Fees and Charges               
   One-off Application Fee    $800 $800 $800  
   One standard valuation included    ˜ ˜ ˜  
   One standard legal documentation included    ˜ ˜ ˜  
   Ongoing fees and charges    Nil Nil Nil  
   Discharge Fee (full and partial)    $300 $300 $300  
                 
   Mortgage Insurance    Once-only premium payable by the borrower on all Low-Doc loans  
   Can mortgage insurance be capitalised?    ˜ ˜ ˜  
                 
   Early Repayment               
   Deferred Estabishment Fee for early repayment    ˜ ˜ ˜  
   Early repayment period    5 years 5 years 5 years  
                 
 
Text Box: Call: (07) 3233 1000; Fax (07) 3233 1030 ; E-mail contact@assetbacked.com.au; Visit www.assetbacked.com.au
 
             
                 
  Notes:              
                 
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