Resi Flexi Options Home Loan
Resi Flexi Options Home Loan – Features
The Resi Flexi Options Home Loan really is as flexible as the name implies. Customers have access to a full featured home loan that offers all the benefits of a 100% offset account.
Acceptable Uses
Borrowers are able to use the Resi Flexi Options Home Loan to purchase an existing property to live in or to use as an investment, or to refinance an existing home loan. It’s also possible to consolidate other debts into the mortgage, making repayments more streamlined and reducing interest costs.
Customers can also use this loan type to pay for vacant land and construction of a new home. Progressively drawn payments will be made directly to the builder as the construction progresses.
It’s possible to apply for “Go-Between” finance, which is a bridging loan, allowing customers to purchase a new home before selling their old one. This is a remarkably flexible feature that can be very handy for some.
This loan is portable, meaning you’re able to sell your existing house and bring the same loan over with you to a new home. This is very convenient for those who have existing direct debits or salary credits in place, as the account numbers won’t change.
Flexible Features
The flexibility of the Flexi Options home loan allows customers to choose the features they want and will benefit from, according to their own financial needs. There are no application fees or ongoing account fees to worry about, and any extra repayments made into the account can be redrawn at no charge.
The addition of a 100% offset account also lets customers reduce the amount of interest they pay on a mortgage. This works by leaving as much of your income as possible sitting in the offset portion of the account. When interest is charged, the amount in the offset account actually offsets the amount of interest you pay on the mortgage each month.
Payments are also extremely flexible with this loan. Make your payments at a time and frequency that suits your own pay schedule. Extra payments can also be made at any time with no penalty.
Access your cash easily using internet banking or phone banking. A debit card can be linked to the account to make paying bills easier. You’re also able to set up direct debits or make BPAY payments easily.
If you wish to switch your Flexi Options home loan over to a fixed interest rate, you can do this easily at any time. You’re also able to switch only a portion of the loan to a fixed rate, leaving the remaining portion variable. This lets you take advantage of all the flexible features available.
Rates and Fees
| Fee Type | Rate/Fee Charged |
| Interest Rate | 7.09% |
| Application fee | $0 |
| Monthly Account fees | $0 |
| Valuation Fee | $236.50 – $330 |
| Lender’s Legal Documentation Fees | >$440 |
Related posts:
- Resi Flexi Fix Home Loan
- Resi Flexi Fix Lite Home Loan
- Teachers Credit Union Flexi Choice Home Loan
- Resi Complete Home Loan
- Resi Smart Pro Home Loan
- Westpac Flexi First Option Home Loan
- Resi BreakThru Home Loan
- Resi Lo Doc Home Loan
- Resi Low Start Home Loan
- Westpac Flexi First Option Investment 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 |
|
Ask A Question