More Details

Loan Details

 

Lender
https://www.erates.com.au/wp-content/uploads/2019/02/Resimac.png
Comparison Rate
4.29
Name
Resimac Prime Flex 3 Year Fixed <80% LVR Owner Occupied IO
Lender
Resimac
Product Name
Resimac Pro Pack Fixed
Product Details
Available for PAYG or Self Employed applicants for purchase, refinance, debt consolidation or cash out purposes. Not available for construction, purchase of vacant land or home improvement (minor non-structural permitted). Offers redraw and additional repayments. There is no credit scoring on applications and no LMI up to 85% LVR (a Risk Fee applies for LVRs 80% - 85% when LMI is not taken out, restrictions apply). Max IO term 5 yrs O/O, 10 yrs Investment. Max loan amount dependent on security and location. Apartments/Units Max LVR restrictions VIC (all postcodes) Prime insured - no restriction provided LMI can be obtained Prime uninsured - max 70% LVR Specialist - max LVR will be 10% less the product maximum NSW (all postcodes) Prime insured - no restriction provided LMI can be obtained Prime uninsured - max 70% LVR Specialist - max LVR will be 10% less the product maximum QLD (inner city postcodes as defined by Resimac) Prime insured - no restriction provided LMI can be obtained Prime uninsured - max 70% LVR Specialist - max LVR will be 10% less the product maximum NT (postcode 0800) Prime insured - no restriction provided LMI can be obtained Prime uninsured - max 70% LVR Specialist - max LVR will be 10% less the product maximum ACT (postcodes 2600 - 2612) and WA (postcodes 6000 - 6005 and 6100 - 6103) Prime insured - no restriction provided LMI can be obtained Prime uninsured - max 70% LVR Specialist - max LVR will be 10% less the product maximum ACT (all other postcodes) and WA (all other postcodes) Prime insured - no restriction provided LMI can be obtained Prime uninsured - max LVR will be 5% less the product maximum Specialist - max LVR will be 5% less the product maximum
Variable Rate
3.66
Fixed Rate
4.51
Fixed Period
36
Introductory Discount Rate
Discount Period
Application Fees
0
Discharge Fees
608
Ongoing Fees
299
Valuation Fees
330
Lenders Legal Fees
Lenders Settlement Fees
Minimum Loan Amount
150000
Max Loan Amount
2000000
Owner Occupied
Y
Investment
N
Repayment Option
Interest Only
ACT
Y
NSW
Y
TAS
Y
QLD
Y
VIC
Y
SA
Y
WA
Y
NT
Y
Standard Variable
N
Fixed
Y
Interest In Advance
N
Reverse Mortgage
N
Basic
N
No Doc
N
Low Doc
N
Equity
N
Intro
N
Credit Impaired
N
Professional Pack
Y
Minimum Loan Term (years)
15
Max Loan Term (years)
30
Rate Details
Fee Details
Valuation fee $330 approx. Additional costs may be incurred if property is >$1m, located in regional areas etc. Solicitor fees are no cost to borrowers for standard loans only (individual borrower (s), and a single security property.) Includes document preparation, search fees, bank cheques, postage and all other sundries. All other non standard loans (e.g. additional securities, companies, guarantees, trusts etc) are subject to higher fees. Settlement fees are unascertainable, refer to Resimac
Internet Banking
Y
Mortgage Offset Available
N
Redraw Details
Not availabe during fixed term
Redraw Facility
N
Construction
N
Can Make Extra Repayments
Y
Repayments Fortnightly
Y
Repayments Monthly
Y
Repayments Weekly
Y
Salary Direct Available
Y
Portability
Y
Split Available
Y
Split Details
Readjustment is $110