Resi Flexi Fix Home Loan
What happens when I click Enquire Now?
- Clicking Enquire Now will take you to the lender's website
- After completing the contact form, a mortgage expert will contact you
- The mortgage expert will ensure you find the right loan, calculate your repayments, and explains all the associated fees
- After going through the enquiry process you will be able to know how much you can borrow, begin your application when you are ready to apply and be approved for a home loan
Features of the Resi Flexi Fix Home Loan
The Resi Flexi Fix Home Loan allows customers to take advantage of a low fixed rate for two years. The rate available is extremely competitive, allowing borrowers to save money on interest costs and avoid any potential interest rate rises in the near future.
Customers are encouraged to fix up to 50% of the total loan amount for two years. This means a portion will be fixed in at a low rate, while the remaining portion stays flexible on the variable rate. This helps you to avoid any future rate rises by protecting half of your loan amount, while the other half can be maximised for mortgage reduction plans.
The best feature of the Flexi Fix Home Loan is that the variable rate is also currently set as 5.99% lower than the standard variable rate offered at the big banks.
Payment Options
During the fixed term, customers may find that they can’t pay as much extra off the fixed portion as they would like. However, the Flexi Fix Home Loan still lets you keep a portion of your loan on the variable rate, so you can repay as many extra payments into this portion as you wish without incurring any penalties.
As both the variable and the fixed portions of the loan are set at such a low interest rate, it should be easy for most customers to begin working on mortgage reduction plans.
Simply make any excess payments into the variable portion as often as you wish. There is no penalty or charge for doing this, so you have the opportunity to reduce this portion of your mortgage dramatically, while the fixed portion remains protected on the fixed rate for a couple of years. Once the fixed rate ends, it will revert to whatever the variable rate is at that time, so make the most of the opportunity available.
Set the repayments to match your own pay schedule, whether this is weekly, fortnightly or monthly.
Accessing Accounts
You can log into your online banking account at any time to check account balances, view statements, make payments or transfer funds. Phone banking is also available.
Make bill payments from the variable portion of the account using direct debit arrangements or BPAY payments. You can also arrange to have your payroll officer at work credit some or all of your salary directly into your variable mortgage portion. You can redraw any excess amounts online or over the phone without incurring any fees.
Acceptable Home Loan Usage
Borrowers are able to use the Resi Flexi Fix home loan to purchase a home, whether to live in or for investment purposes. Refinancing an existing mortgage over from another bank to help reduce interest costs is also acceptable. Debt consolidation into the mortgage amount is also considered, as long as there is sufficient equity in the security property.
Read the official terms and conditions
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 |
 
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 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 |
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 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 |
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 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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