Tenaglia Holdings Pty Ltd

Macarthur House, Suite 1, 8 Melville Street

PARRAMATTA NSW 2150

Lending Scenario
Talha Farooqi and Mrs Mehr Talha
This document calculates the amount of funds you require to borrow and the repayment amounts
for those funds based on a particular loan product or interest rate.
$320,794
Total loans required:
Repayments (monthly):
$1,160
Funding Summary
Transaction 1: New Purchase (Purchase vacant land / Owner Occupied)
Lot 1244 ELARA STOCKLAND ESTATE MARSDEN PARK NSW 2765
Purchase Price

$350,000

Plus estimated borrowing costs

Lender Application / Establishment Fee

$395

Lender Settlement Fee

$200

Lender Legal Fee

$150

Borrower Legal Fees

$1,000

Property Stamp Duty

$1

Registration - Mortgage

$135

Registration - Transfer

$219
$2,100

Subtotal
Less application contribution
Genuine savings

$2,100

Deposit paid

$35,000
$37,100

Subtotal
BASE LOAN REQUIRED FOR TRANSACTION 1

$315,000

TOTAL BASE LOANS FOR TRANSACTIONS

$315,000

TOTAL DEBT AGAINST SECURITIES

$315,000

SECURITIES

Lot 1244 ELARA STOCKLAND ESTATE MARSDEN PARK NSW 2765

TOTAL SECURITY VALUE

$350,000

LOAN TO VALUE RATIO (LVR)

90.00 %

ESTIMATED LMI (Capitalised)

$5,794

TOTAL LOANS REQUIRED

Lending Scenario | Confidential

$350,000

$320,794

22 April 2016

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Loan Summary: BankWest

Transaction 1: New Purchase (Purchase vacant land / Owner Occupied)
Loan 1.1: $320,794
Lender Product name
MC Product name
Interest type

Complete Home Loan

Complete Variable HL OO LVR > 80% <= 90% ($200k to
$499k)
Variable

Repayment type

Interest Only 2 Years

Loan term

30 years

Initial interest rate

4.34 %

Repayment frequency

Monthly

Initial repayment

$1,160

$1,160

TOTAL INITIAL REPAYMENT (Monthly)

Please note:
1. To obtain unconditional/formal loan approval from a selected lender, it will be necessary for Mortgage Choice to assist you in selecting and
lodging an application for finance, including supporting documentation. The lender will then verify and confirm that:
Your income is suitable to support the borrowing level required.
You have availability of funds or equity required for the property purchase.
That a security property suitable to the lender is available for mortgage purposes. This may include a valuation conducted by the
lender.
If applicable, that your application is accepted by their lenders mortgage insurer.
2. Your eligibility to borrow funds will be determined by the Mortgage Choice Credit Representative and their assessment will be provided to
you in writing before a loan application is submitted to a lender.
3. Under no circumstances should you rely upon this document for the purposes of entering into any legal or financial obligations, including
entering into a contract for the purchase of real estate.

Why choose Mortgage Choice?

Right loan for you. At Mortgage Choice, the only thing that matters to us is the home loan thats right for you. So, as your
Mortgage Choice broker, were paid the same rate no matter which home loan you choose from our wide choice of lenders.
Wide choice. We can compare hundreds of highly competitive home loan options from a wide choice of lenders, including the
big banks.
Less stress. We make it easier for you by preparing the paperwork, lodging the application and following up with the lender for
you as your loan progresses to settlement.
No charge. There is no charge to you for our home loan service because the lender pays us after your loan settles.
Range of products. We can also help you with financial planning, commercial loans, car loans, personal loans, asset finance,
general insurance and credit cards.

My name is:
My phone number is:
My mobile number is:
My fax number is:
My email address is:

Lending Scenario | Confidential

Aurelio Tenaglia

02 9630 6888
0438 258 888
02 9630 0088
aurelio.tenaglia@mortgagechoice.com.au

22 April 2016

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