Resi Pro Lo Doc Home Loan
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Moneybuddy says
Home loan from Resi specifically for self-employed people borrowing $***,*** or more. Has high level of flexibility but also an annual fee.
The Basics
Interest type Variable rate
Headline interest rate p.a. -
Max LVR -
Annual fee -
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 p.a. -
Introductory term -
Interest rate (p.a.) 1 year -
Interest rate (p.a.) 2 years -
Interest rate (p.a.) 3 years -
Interest rate (p.a.) 4 years -
Interest rate (p.a.) 5 years -
Interest rate (p.a.) 7 years -
Interest rate (p.a.) 10 years -
Interest rate (p.a.) 15 years -
Comparison rate (p.a.) 1 year -
Comparison rate (p.a.) 2 years -
Comparison rate (p.a.) 3 years -
Comparison rate (p.a.) 4 years -
Comparison rate (p.a.) 5 years -
Comparison rate (p.a.) 7 years -
Comparison rate (p.a.) 10 years -
Comparison rate (p.a.) 15 years -
Comparison rate p.a. -
Minimum loan term -
Maximum loan term -
Min loan amount -
Max loan amount -
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 -
Subsequent valuation fee -
Valuation fee details -
Discharge fee -
Discharge fee details -
Legal fee -
Settlement fee -
Redraw fee -
* Important note: All product information comes from the product provider or an affiliate and to the best of our knowledge is correct at time of publishing.
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 $***,*** 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 access**/*. 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
Pros
- Add cost of mortgage insurance directly to loan
- Make extra payments anytime
- Ability to split loan
Cons
- Annual fee
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