More Details

Loan Details

 

Lender
https://www.erates.com.au/wp-content/uploads/2019/02/Resimac.png
Comparison Rate
5.74
Name
Resimac Specialist Clear 70% - 80% LVR Investment IO
Lender
Resimac
Product Name
Resimac Specialist Clear
Product Details
Product is for applicants that are self employed, credit impaired, contract workers and other applicants that do not fit mainstream products or have reached their exposure with Mortgage Insurers. Available for refinance (inc non-conforming, private and solicitor loans and business loans) Bankruptcy discharged acceptable. No mortgage arrears. Offers redraw, extra repayment and 100% offset available. Max IO term 5 yrs O/O, 10 yrs Investment. 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
5.66
Fixed Rate
Fixed Period
Introductory Discount Rate
Discount Period
Application Fees
0
Discharge Fees
608
Ongoing Fees
0
Valuation Fees
330
Lenders Legal Fees
0
Lenders Settlement Fees
0
Minimum Loan Amount
50000
Max Loan Amount
1750000
Owner Occupied
N
Investment
Y
Repayment Option
Interest Only
ACT
Y
NSW
Y
TAS
Y
QLD
Y
VIC
Y
SA
Y
WA
Y
NT
Y
Standard Variable
Y
Fixed
N
Interest In Advance
N
Reverse Mortgage
N
Basic
N
No Doc
N
Low Doc
N
Equity
N
Intro
N
Credit Impaired
Y
Professional Pack
N
Minimum Loan Term (years)
15
Max Loan Term (years)
30
Rate Details
Loan amount dependent on LVR, security and location
Fee Details
Mortgage Risk Fee - 1.00%. Additional fees and charges may apply for more complex loan structures.
Internet Banking
Y
Mortgage Offset Available
Y
Redraw Details
Internet or phone redraw: Min $100, max $20k per day, no fee. Manual redraw: Min $100, max amount is available balance, fee $26.
Redraw Facility
Y
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