Product: Short-Form Refinance
Type: residential
Max LVR: 70.0%
Amount Range: $0 - $2,000,000
Max Term: 360 months
Rate: 6.25%
Contact: | LOANS@CFML.NZ
Purpose: purchase
Property Type: residential
LVR: 70.0%
Amount: $490,000
Term: 300 months
Property Value: $700,000
Address: a a a
| Filter | Result | Client Value | Lender Requirement | Note |
|---|---|---|---|---|
| Loan Type | Pass | purchase (residential) | residential | |
| LVR Limit | Pass | 70.0% | 70% | |
| Loan Amount | Pass | $490,000 | $0 - $2,000,000 | |
| Security Type | Pass | residential | residential,apartment,vacant_land,lifestyle | |
| Credit Score | Pass | 610 | 600 | |
| Monthly Turnover | Pass | - | - | |
| Property Owner | Pass | Yes | Required | |
| Borrower Type | Pass | Investment | owner_occupier, investor |
| Dimension | Raw Score | Weight | Weighted Score | Visual |
|---|---|---|---|---|
| LVR Headroom | 0 / 100 | 25% | 0.0 |
|
| Client LVR 70.0% >= Lender max 70%, headroom = 0.0% (no room) -> 0 | ||||
| Interest Rate | 91.7 / 100 | 25% | 22.9 |
|
| Rate = 6.25%. Formula: (20 - 6.25) / 15 x 100 = 13.75/15 x 100 = 91.7. (Scale: 5% = 100, 20% = 0, linear) | ||||
| Loan Amount Fit | 79.6 / 100 | 15% | 11.9 |
|
| Amount $490,000 is within range $0-$2,000,000. Mid = $1,000,000, distance ratio = 0.26. Formula: max(60, 100 - 0.26 x 80) = 79.6 | ||||
| Term Match | 0 / 100 | 15% | 0.0 |
|
| Client term 300mo > Lender max 12mo (for interest_only) -> 0 (term too long) | ||||
| Payment Flexibility | 80 / 100 | 10% | 8.0 |
|
| Lender offers 2 type(s): principal_and_interest, interest_only. Base = 2 x 33 = 66. Client prefers 'interest_only' which is available -> max(66, 80) = 80 | ||||
| Turnaround Speed | 80 / 100 | 10% | 8.0 |
|
| Turnaround 48h (<= 48h / 2 days) -> 80 | ||||
| TOTAL | 100% | 50.9 |
|
|
| Base Rate | No applicable base rate due to credit score below 650 |
| Total | No applicable rate due to credit score below 650 |
The client does not qualify for any specific tier due to a credit score below 650. Therefore, no base rate is applicable. The client would need to provide alternative documentation due to the credit score being below 700.