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: refinance
Property Type: residential
LVR: 47.07%
Amount: $10,000,000
Term: 300 months
Property Value: $34,035,000
Address: 41a Clarence Street, Devonport; 1A Harrison Road, Mt Wellington; 2 Thornton Road, Milford; 100 Market Road, Epsom; 9 Patey Street, Epsom; 7 Abbott Way, Remuera; 27 Union Street, Auckland; 141 & 141B Centreway Road, Orewa; 8 Bass Road, Albany
| Filter | Result | Client Value | Lender Requirement | Note |
|---|---|---|---|---|
| Loan Type | Pass | refinance (residential) | residential | |
| LVR Limit | Pass | 47.07% | 70% | |
| Loan Amount | Fail | $10,000,000 | $0 - $2,000,000 | $10,000,000 > max $2,000,000 |
| Security Type | Pass | residential | residential,apartment,vacant_land,lifestyle | |
| Credit Score | Pass | - | 600 | |
| Monthly Turnover | Pass | - | - | |
| Property Owner | Pass | Yes | Required | |
| Borrower Type | Pass | Self-employed, Investment | owner_occupier, investor |
| Dimension | Raw Score | Weight | Weighted Score | Visual |
|---|---|---|---|---|
| LVR Headroom | 100 / 100 | 25% | 25.0 |
|
| Lender max LVR 70% - Client LVR 47.07% = 22.93% headroom. Formula: min(100, headroom/20 x 100) = min(100, 22.93/20 x 100) = 100 | ||||
| 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 | 0 / 100 | 15% | 0.0 |
|
| Amount $10,000,000 exceeds max $2,000,000 by 400.0%. Formula: max(0, 60 - 4.00 x 200) = 0. (Partial score for near-miss) | ||||
| Term Match | 73.4 / 100 | 15% | 11.0 |
|
| Client term 300mo / Lender max 360mo = ratio 0.833. Formula: max(60, 100 - |0.833 - 0.5| x 80) = 73.4. (Best when ratio between 0.3-0.8) | ||||
| Payment Flexibility | 80 / 100 | 10% | 8.0 |
|
| Lender offers 2 type(s): principal_and_interest, interest_only. Base = 2 x 33 = 66. Client prefers 'principal_and_interest' which is available -> max(66, 80) = 80 | ||||
| Turnaround Speed | 80 / 100 | 10% | 8.0 |
|
| Turnaround 48h (<= 48h / 2 days) -> 80 | ||||
| TOTAL | 100% | 74.9 |
|
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