Resi Flexi Fix Lite Home Loan
Resi Flexi Fix Lite – Features and Benefits
The Resi Flexi Fix Lite home loan is a stunningly cheap home loan that offers plenty of benefits. The loan itself is specifically designed to be split up to 50% of the full loan amount, so that half is on an ultra-cheap fixed rate for 2 years and the other half remains on an equally low variable interest rate.
The rates available are almost a full percent lower than the rates advertised by the big banks. This offers borrowers a substantial savings in just interest costs alone. To make the savings even more attractive, there is also no application fee and no ongoing monthly fees. However, the flexibility of this Lite home loan is what really makes it attractive.
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
Outstanding Features
The Flexi Fix Lite home loan allows borrowers to fix in half of their mortgage at a low rate of just 6.09% for two years. This helps to protect against any impending interest rate hikes that could occur in the near future. It also makes it easy to stick to the budget, especially when you know that the interest rate won’t change and neither will the payments until that fixed term ends.
However, the remaining variable portion is also set at a super-competitive rate of just 6.74%. While this may be susceptible to any variations in the interest rate market, it’s still a substantial discount off the regular variable rate.
The variable rate portion of the home loan is where the flexibility is, as this is where you’ll direct any of your extra payments. You’re able to make any number of extra payments into this part of your account without incurring any penalties. There’s also the advantage of using the redraw facility to access any of those excess payments you’ve made.
Rates and Fees
The ultra-low interest rates and fees for the Resi Flexi Fix Lite Home Loan are as follows:
| Fee Type | Rate/Fee Charged |
| Variable Rate | 6.74% |
| Fixed Rate for 2 years | 6.09% |
| Application Fee | $0 |
| Monthly account fee | $0 |
| Redraw fee | Nil, if accessed online |
| Valuation fee | $236.50 – $350 |
| Legal Documentation Fees | >$396 |
Loan Purpose
The Resi Flexi Fix Lite is ideal for first home buyers or families wishing to purchase a home to live in. The low rates offer plenty of opportunity to save money on interest charges and the flexible features offer plenty of ways to repay the loan faster. Refinancing an existing home loan or consolidating other debts into the mortgage amount is also allowable. There’s also the benefit of fixing in at such a competitive rate for 2 years.
However, investors can also benefit from this home loan, as the opportunity to decrease costs and potentially increase cash flow opportunities can make rental investments more lucrative.
Related posts:
- Resi Flexi Fix Home Loan
- Resi Smart Pro Lite Home Loan
- Resi Flexi Options Home Loan
- Resi Lo Doc Pro Lite Home Loan
- Bankwest Lite Home Loan
- Resi Lo Doc Home Loan
- Resi Fixed Home Loan
- Resi Smart Pro Home Loan
- Resi Complete Home Loan
- Bankwest Lite Plus Home Loan over $1,000,000
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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