Resi Pro Lo Doc Home Loan

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Headline interest rate
7.38%

Max LVR
80%

Annual fee
$330

Moneybuddy says

Home loan from Resi specifically for self-employed people borrowing $250,000 or more. Has high level of flexibility but also an annual fee.

The Basics

Interest type Variable rate

Headline interest rate 7.38%

Max LVR 80%

Annual fee $330

The cool stuff: features

Draw down loan progressively -

Insurance details Payable by borrower if more than 60% LVR

Loan is Transferable Yes

Line of credit available Yes

Product suits Owner - Occupier

The Facts & Figures

Introductory rate -

Introductory term -

Interest rate 1 year 0%

Interest rate 2 years -

Interest rate 3 years -

Interest rate 4 years -

Interest rate 5 years -

Interest rate 7 years -

Interest rate 10 years -

Interest rate 15 years -

Comparison rate 1 year -

Comparison rate 2 years -

Comparison rate 3 years -

Comparison rate 4 years -

Comparison rate 5 years -

Comparison rate 7 years -

Comparison rate 10 years -

Comparison rate 15 years -

Comparison rate 7.73%

Minimum loan term -

Maximum loan term 30 years

Min loan amount $30,000

Max loan amount $1,500,000

Early repayments Yes

Redraw facility Yes

Repayment holiday -

Ability to split loan Yes

Extra repayments Yes

Offset account available -

Interest only payments Yes

The ugly stuff: fees

Application fee -

Valuation fee $236.50

Subsequent valuation fee $236.50

Valuation fee details -

Discharge fee $295

Discharge fee details -

Legal fee $396

Settlement fee -

Redraw fee $0

* Important note: All information provided by advertiser or taken from advertiser website and correct at time of publishing. If this information is incorrect, please contact us.

Resi says

The Lo Doc Pro Home Loan from Resi is specially designed to help self-employed people turn their dreams into reality. And if you are borrowing $250,000 or more, then the Lo Doc Pro is the home loan for you. With no additional qualifying criteria, you get access to our fully featured home loan, with a discount on an already competitive standard variable rate. Enjoy a competitive interest rate right from the start (without having to establish a payment record first). The ability to add the cost of mortgage insurance directly to your loan and minimise your upfront costs. The ability to make extra payments anytime. Free redraw. Ability to split loan. Ability to fix any portion of your loan. Interest only option available. ATM card access24/7. Internet and Phone access. Low annual fee

Key features

Competitive interest rate immediately without having to establish a payment record first
Add cost of mortgage insurance directly to loan
Free redraw
Ability to split loan
Ability to fix any portion of your loan
Interest only option available