|Target Market||The Advantage Loan is designed to help lower income earners achieve home ownership by increasing a customers purchasing power without increasing their maximum loan repayments (income limits will apply and will determine the maximum loan amount).||The Advantage Loan is ideal for borrowers who want to:
|Conditions||Customers must meet the requirements of either the HomeStart Home Loan, Graduate Loan or Low Deposit Loan.
|Restrictions||HomeStart is required to be the first
mortgagee on all properties used as security
for HomeStart loans.
|Availability of Primary products:
|Circumstances when TMD no longer appropriate||
Distributors will report if they become aware of a significant dealing event in relation to this TMD,
within 10 business days.
Important Information about TMD’s
A TMD is not intended to provide you with financial advice.
The information in a TMD does not take into account your individual objectives, financial situation or needs and before making any decision you should refer the relevant Terms & Conditions and Fees & Charges information and other supplementary documents, such as the Key Fact Sheet to consider whether the product is appropriate for you.
If you are looking to report information to HomeStart in relation to our product Target Market Determinations, you can email us at DDOreporting@homestart.com.au.