Resi Complete Home Loan
Resi Complete Home Loan – Features and Benefits
The Complete Home Loan has won multiple awards over the years for offering customers great features and competitive interest rates. This mortgage type is ideal for owner-occupier borrowers or investors alike.
Flexible Payment Options
Resi Home Loans are happy to allow customers to make any number of extra repayments into their home loan account as often as they like. There is no penalty for making extra payments, so this is good encouragement for those wishing to reduce their mortgage balance quickly.
You have the freedom to make your payments weekly, fortnightly, or monthly, to whatever suits your pay schedule. It’s also possible to nominate an additional amount to be added to your regular repayment if you wish to pay a little more.
Payments can be made by direct debit from your existing bank account, or by directly crediting your home loan account using the secure online banking facility. You can also use phone banking or BPAY payments to make your repayments if you prefer.
Extra repayments can be redrawn from the home loan at any time with no fee.
Featured Resi Home Loan
The Smart Option Home Loan offers you a super low rate 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
Mortgage Portability
If you were to sell your existing home and buy a new home, you would have to repay your existing home loan and apply for a brand new home loan. This extends the loan term, and can make it difficult for some customers who don’t wish to wait through a new application. There is also the hassle of rearranging repayments into a new home loan account with new account numbers.
However, Resi Home Loans offers the flexibility of a portable mortgage that you take with you. You simply sell your old home and ensure that settlement of your new home happens on the same day. Your old mortgage then comes with you to your new home.
Resi does this by altering the security title of your property from under the existing loan. This reduces the hassle and makes it easy to continue making your regular payments. It’s important to remember that the new property you’re moving to should leave your mortgage amount at the same or lower balance as it was at the time of application for portability.
Rates and Fees
The current interest rates and fees charged on the Complete Home Loan are as follows:
| Fee Type | Interest Rate/Fee |
| Standard Variable Interest Rate | 7.35% |
| Application Fee | $0 |
| Monthly Account Fee | $0 |
| Valuation Fee | $236.50 – $350 (depending on location) |
| Lender’s Legal fee | >$396 |
Switch to Other Products
Once you have your Resi Complete Home Loan, you are able to switch your loan over to a fixed rate loan if you prefer. You also have the freedom to ‘split’ your loan, leaving a portion of it variable and another portion on a fixed rate. This can be a great way to protect against rising interest rates while still benefiting from the variable features available.
Related posts:
- Resi Flexi Options Home Loan
- Resi Smart Pro Home Loan
- Resi Flexi Fix Home Loan
- Resi Fixed Home Loan
- Resi Flexi Fix Lite Home Loan
- Resi Lo Doc Home Loan
- Resi Non Resident Home Loan
- Resi BreakThru Home Loan
- Resi Commercial Property Loan
- Resi Smart Pro 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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