Firstmac Residential Lending Policy

Firstmac Residential Lending Policy Firstmac Limited ABN 59 094 145 963 AFSL/Australian Credit Licence 290600 Originator / Broker Version 09-2021 September 2021 1 Firstmac Limited ABN 59 094 145 963 AFSL/Australian Credit Licence 290600 Amendments in this version Policy section Summary of change Acceptable sources of income Investment income dividends, rely on up to 80% of assessed amount (Fast Trax Update# 66) 28 Offset sub-account Updated reference from Redraw offset facility to Offset sub-account Deemed return of 2% pa on cash & share investment; where actual returns are higher and evidenced as required, up to 80% of actual returns may be considered. 2 Firstmac Limited ABN 59 094 145 963 AFSL/Australian Credit Licence 290600 Contents 1 Introduction .. 4 2 Purpose of the Lending Policy .. 4 3 Responsibilities .. 4 4 Loan approvals .. 8 5 Lender Risk Fee LVR > 80% and < 90%.

If the loan application or information provided on any given application does not adequately demonstrate that an appropriate level of enquiry or loan assessment have been undertaken, then Firstmac may request that additional information be provided and submitted. In addition to complying with all the current Firstmac lending policy and underwriting

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