Easy Street Variable Rate Home Loan
Purchasing your dream home can be a very pricey venture which can burn through money quicker than you receive it. Easy Street Variable Rate Home Loan is the plan which offers you the funds you need. Easy Street wants you to own a home and praises your initiative in trying to make this a reality. With your initiative and the funding they provide, having your own home will cease to be just a dream.
Overview
The Variable Rate Home Loan, offers you two easy loan choices which provides you with the best suited plan for your lifestyle. There is the Basic Variable Home Loan which is easy and has a low ongoing rate. The other option is the Honeymoon Home Loan which provides you with one low rate for a whole year, after which you will resume paying the basic variable interest rate.
Benefits of the Basic Variable Home Loan
You are free to make additional payments at any amount and at any time you want aside from your normal repayment amount. It was left up to me as to whether I made weekly, fortnightly or monthly repayments which worked for me, because I made my repayments based on the best times I received money. When I needed cash, I had 24/7 access to the redraw facility and got funds from the additional repayments I had made towards paying off my loan. I was provided with the opportunity to pay up to $25,000 per year in additional repayments, with no early repayment fee.
There is $0 monthly or ongoing fee so at no point will a fee or charge appear on your loan account for maintenance or administration; that has been taken care of for you. The loan amount begins from $100,000 and you can borrow up to 95% of the purchase price of your home no matter the cost. If you see your dream home and you may think it cost too much, think again. There is no such thing for them when it comes to having your own home.
Benefits of the Honeymoon Home Loan
While you are adapting your budget and lifestyle to paying off your home loan, the Honeymoon Home Loan offers you a low capped rate for one whole year which will resume to the basic variable rate after the year is over. There is a one time application fee of $500 which covers legal fees and valuation. You do not have to pay extra for these services. You have access to a redraw facility, there are no surprise additional fees, you have the choice of making weekly, fortnightly or monthly repayments and you are offered up to 95% of the home’s asking price with the loan’s starting amount of $100,000. Additional repayments are allowed up to $25,000 a year.
There are not many financial institutions which will offer you choices for a home loan but with Easy Street you are given two great options to choose from. There must be one choice that will be perfect for you, not to mention the wonderful benefits which comes with your choice. It was easy and beneficial to me and you will be no exception.
Easy Street Honeymoon Home Loan
Apply for a Easy Street Honeymoon Home Loan and enjoy no annual fees, no account keeping fees, 100% offset account, an unlimited redraw facility and the ability to make additional repayments.
- Interest Rate of 5.89%
- Comparison Rate of 6.56%
- Application Fee of $500
- Maximum LVR With LMI: 95%
- Minimum Borrowing: $100,000
- Maximum Borrowing: $2,500,000
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