Resi BreakThru Home Loan
Resi BreakThru Home Loan – Features and Benefits
The Resi BreakThru Home Loan allows customers to take advantage of having a linked 100% offset account. This helps to reduce the amount of interest you pay on your mortgage, but also makes it easier to pay off your loan much faster.
This loan is available at a highly competitive interest rate. There are also no application fees or monthly account fees to worry about, so you only need to focus on making your repayments and building up your savings in your offset account.
Featured Resi Home Loan
The Smart Option Home Loan offers you a super low rate of 6.49% p.a. fixed for 1 year, Plus no ongoing, no application fee.
- Interest Rate of 6.49%
- Comparison Rate of 6.99%
- Application Fee of $0
- Maximum LVR With LMI: 95%
- Minimum Borrowing: $50,000
- Maximum Borrowing: $20,000,000
Flexibility
The BreakThru mortgage allows customers to enjoy plenty of flexibility. Payments can be made when it suits you, so set them to either weekly, fortnightly, or monthly. Extra repayments into the mortgage account are encouraged, with no penalty on the amount you want to pay into your loan while the rate is variable.
You can make payments using direct debit, BPAY, internet banking or phone banking. The choice is yours. You’re also able to pay bills by setting up direct debits out of your account to pay directly to your creditors.
Accessing Your Money
Resi Home Loans makes it easy for you to access your cash at any time. If you’ve made extra repayments into your home loan, you are able to redraw these at any time with no charges applied.
You can view your balances or make payments by logging into the online banking site, or by using Phone Banking. You can also link a debit card to your account if you wish.
The amounts you accrue in your offset account are displayed separately. This makes it much easier for you to see exactly how much you owe on your mortgage and how much you’ve managed to add to your savings balances.
Offset Account
The addition of a 100% offset account means you can use your savings to offset any interest that would have been charged to your mortgage. Leave your salary sitting in your offset account for as long as possible, and withdraw only what you need when you need it. This allows the interest on your loan to be charged at whatever your current balance is, minus whatever amounts you have in the offset account at any time.
Using the offset account to maximum advantage has the benefit of saving you potentially tens of thousands of dollars in interest over the loan term. It can also help you to repay your mortgage much faster.
Rates and Fees
The current rates and fees for the Resi BreakThru Home Loan are as follows:
| Fee Type | Rate/Fee Charged |
| Interest Rate | 7.15% |
| Application Fee | $0 |
| Monthly Account Fee | $0 |
| Internet, Phone or EFTPOS Transactions | Unlimited free transactions |
| Valuation Fee | $236.50 – $330 (depending where the property is) |
| Legal Documentation Fees | >$440 |
Related posts:
- Resi Complete Home Loan
- Resi Flexi Options Home Loan
- Resi Smart Pro Home Loan
- Resi Line of Credit Equity Home Loan
- Resi Fixed Home Loan
- Resi Lo Doc Home Loan
- Resi Non Resident Home Loan
- Resi Flexi Fix Lite Home Loan
- Resi Flexi Fix Home Loan
- Resi Low Start Home Loan
Top Home Loans
| Home Loan | Details | Interest Rate (p.a.) | Comp Rate^ (p.a.) | App Fee / Ongoing Fee | Max LVR | Min & Max Borrowing | |
|---|---|---|---|---|---|---|---|
 Loans.com.au - Dream Catcher | A home loan offer with a $0 application fee and one of the lowest available home loan interest rates. | 5.85% | 6.21% | $0 / $375 | 80% | $50,000 / $750,000 |
 
|
 Bankwest Online Home Loan | A low interest rate home loan with a $0 application fee and ongoing maintenance fees. This offer is exclusively available by applying online. | 5.97% | 5.97% | $0 / $0 | 80% | $100,000 / $1,000,000 |
|
 State Custodians Mortgage Company Standard Variable Offset Loan | Awarded Mortgage of the Year 2012 – this multi-award winner features 100% offset and a loyalty 0.25% rate drop after 5 years. | 6.02% | 6.23% | $0 / $345 | 95% | $150,000 / $1,000,000 |
|
 Illawarra Home Loans Bank Beater Home Loan | A low variable rate, beaten down even further by 0.05% p.a. after 5 years. | 6.07% | 6.35% | $0 / $345 | 90% | $250,000 / $1,000,000 |
|
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