More Details

Loan Details

 

Lender
https://www.erates.com.au/wp-content/uploads/2019/02/Resimac.png
Comparison Rate
4.92
Name
Resimac Prime Alt Doc <70% LVR Owner Occupied IO
Lender
Resimac
Product Name
Resimac Prime Alt Doc
Product Details
Available for Self Employed applicants for purchase, refinance, cash out (up to 80% LVR) and debt consolidation ((max of home loan plus 4 debts, excludes taxation debts). Minor defaults considered (max 2 listings with combined value <$500) Must be self employed in the same business min 24 mths confirmed via a valid ABN, min GST registration for 12 mths (if applicable). Max I/O term 5 yrs O/O, 10 yrs Investment. Offers redraw, 100% offset, additional repayments. Apartment/unit LVR restrictions apply 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
4.89
Fixed Rate
Fixed Period
Introductory Discount Rate
Discount Period
Application Fees
0
Discharge Fees
608
Ongoing Fees
0
Valuation Fees
330
Lenders Legal Fees
300
Lenders Settlement Fees
Minimum Loan Amount
50000
Max Loan Amount
1500000
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
Y
Fixed
N
Interest In Advance
N
Reverse Mortgage
N
Basic
N
No Doc
N
Low Doc
Y
Equity
N
Intro
N
Credit Impaired
N
Professional Pack
N
Minimum Loan Term (years)
15
Max Loan Term (years)
30
Rate Details
Fee Details
Mortgage Risk Fee - 1.00%. Lenders Legal fee at cost (amount is indicative only). 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
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