Upfront is calculated on the credit limit drawdown drawdown amount on the settlement date for each loan on the net of off set balance which is the daily average of amounts held in any offset account linked to that new settled loan from (1) the settlement date, until (2) the fifteenth day of the calendar month.

Upfront Commission is paid in the calendar month following the calendar month in which the Loan is first drawn down

After the first anniversary of the date each Loan is made, Own Home will determine whether any clawback of Upfront Commission is required because of the drawdown cap

Trail is calculated on the daily balance of each originated net of any offset

No Trail Commission for Loans in default. No Trail Commission will accrue in respect of Loans during any period the Loan is in default. Once any default is rectified, Trail Commission will commence again, but will not be paid for the default period

Own Home offers the flexibility to adjust commission in accordance with the requirements of the borrower. In these instances, on a case by case basis where it is agreed by both the broker and the lender the commission paid may be different to the standard commission.

From time to time Own Home may offer loan products that provide for the repayment of commission paid by Lender in certain circumstances. Any such provision will be noted in the product specification in the quick lending guide.