RESI Mortgage Corp home loan repayment calculator

Thinking about taking out a home loan with RESI Mortgage Corp? Use our home loan calculator to see how much you’d have to repay under different borrowing scenarios. You can also see how RESI Mortgage Corp home loans compare with other options.

I am an

With a repayment type

Borrow amount

$

Deposit amount %

Loan term

Your estimated mortgage repayments

at interest rate 2.39%

Total interest payable

$0

Total loan repayments

$0

Pros and cons

  • Discounted rates available.
  • Flexible repayment features.
  • Specialised loans available.
  • Limited interest-only payments.
  • Relatively high standard rates.

RESI Mortgage Corp home loans rates

Advertised Rate

2.39%

Variable

Total estimated upfront fees
$396
Comparison Rate*

2.42%

Ongoing fee
$0
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Advertised Rate

2.62%

Variable

Total estimated upfront fees
$744
Comparison Rate*

2.68%

Ongoing fee
$0 monthly
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Advertised Rate

2.66%

Variable

Total estimated upfront fees
$396
Comparison Rate*

2.69%

Ongoing fee
$0
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Advertised Rate

2.34%

Fixed - 3 years

Total estimated upfront fees
$480
Comparison Rate*

2.71%

Ongoing fee
$0 monthly
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Advertised Rate

2.69%

Variable

Total estimated upfront fees
$396
Comparison Rate*

2.72%

Ongoing fee
$0
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Advertised Rate

2.26%

Fixed - 2 years

Total estimated upfront fees
$480
Comparison Rate*

2.73%

Ongoing fee
$0 monthly
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Advertised Rate

2.26%

Fixed - 1 year

Total estimated upfront fees
$480
Comparison Rate*

2.77%

Ongoing fee
$0 monthly
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Advertised Rate

2.79%

Variable

Total estimated upfront fees
$396
Comparison Rate*

2.82%

Ongoing fee
$0
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Advertised Rate

2.77%

Variable

Total estimated upfront fees
$744
Comparison Rate*

2.83%

Ongoing fee
$0 monthly
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Advertised Rate

2.84%

Fixed - 3 years

Total estimated upfront fees
$480
Comparison Rate*

2.94%

Ongoing fee
$0 monthly
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Advertised Rate

2.74%

Fixed - 1 year

Total estimated upfront fees
$480
Comparison Rate*

2.95%

Ongoing fee
$0 monthly
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Advertised Rate

2.84%

Fixed - 2 years

Total estimated upfront fees
$480
Comparison Rate*

2.95%

Ongoing fee
$0 monthly
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Advertised Rate

2.97%

Variable

Total estimated upfront fees
$396
Comparison Rate*

3.00%

Ongoing fee
$0
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Advertised Rate

2.60%

Fixed - 3 years

Total estimated upfront fees
$480
Comparison Rate*

3.01%

Ongoing fee
$0 monthly
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Advertised Rate

2.99%

Variable

Total estimated upfront fees
$396
Comparison Rate*

3.02%

Ongoing fee
$0
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Advertised Rate

2.66%

Fixed - 2 years

Total estimated upfront fees
$480
Comparison Rate*

3.06%

Ongoing fee
$0 monthly
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Advertised Rate

2.56%

Fixed - 1 year

Total estimated upfront fees
$480
Comparison Rate*

3.09%

Ongoing fee
$0 monthly
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Advertised Rate

2.92%

Variable

Total estimated upfront fees
$480
Comparison Rate*

3.13%

Ongoing fee
$0 monthly
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Advertised Rate

3.09%

Variable

Total estimated upfront fees
$480
Comparison Rate*

3.13%

Ongoing fee
$0 monthly
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Advertised Rate

2.45%

Fixed - 3 years

Total estimated upfront fees
$480
Comparison Rate*

3.18%

Ongoing fee
$0 monthly
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Advertised Rate

3.00%

Fixed - 2 years

Total estimated upfront fees
$744
Comparison Rate*

3.18%

Ongoing fee
$0 monthly
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Advertised Rate

3.05%

Fixed - 3 years

Total estimated upfront fees
$744
Comparison Rate*

3.18%

Ongoing fee
$0 monthly
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Advertised Rate

3.00%

Fixed - 1 year

Total estimated upfront fees
$744
Comparison Rate*

3.20%

Ongoing fee
$0 monthly
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Advertised Rate

3.17%

Variable

Total estimated upfront fees
$744
Comparison Rate*

3.23%

Ongoing fee
$0 monthly
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Advertised Rate

2.37%

Fixed - 2 years

Total estimated upfront fees
$480
Comparison Rate*

3.24%

Ongoing fee
$0 monthly
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Advertised Rate

3.00%

Fixed - 5 years

Total estimated upfront fees
$480
Comparison Rate*

3.26%

Ongoing fee
$0 monthly
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Advertised Rate

2.95%

Fixed - 4 years

Total estimated upfront fees
$480
Comparison Rate*

3.27%

Ongoing fee
$0 monthly
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Advertised Rate

2.37%

Fixed - 1 year

Total estimated upfront fees
$480
Comparison Rate*

3.32%

Ongoing fee
$0 monthly
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Advertised Rate

3.55%

Fixed - 4 years

Total estimated upfront fees
$744
Comparison Rate*

3.34%

Ongoing fee
$0 monthly
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Advertised Rate

3.55%

Fixed - 5 years

Total estimated upfront fees
$744
Comparison Rate*

3.37%

Ongoing fee
$0 monthly
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Advertised Rate

3.39%

Variable

Total estimated upfront fees
$396
Comparison Rate*

3.42%

Ongoing fee
$0
Go to site
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Advertised Rate

3.37%

Variable

Total estimated upfront fees
$744
Comparison Rate*

3.43%

Ongoing fee
$0 monthly
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Advertised Rate

3.40%

Variable

Total estimated upfront fees
$396
Comparison Rate*

3.43%

Ongoing fee
$0
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Advertised Rate

2.71%

Fixed - 3 years

Total estimated upfront fees
$480
Comparison Rate*

3.52%

Ongoing fee
$0 monthly
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Advertised Rate

3.49%

Variable

Total estimated upfront fees
$396
Comparison Rate*

3.52%

Ongoing fee
$0
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Advertised Rate

3.50%

Variable

Total estimated upfront fees
$396
Comparison Rate*

3.56%

Ongoing fee
$0
Go to site
More details
Advertised Rate

2.95%

Fixed - 3 years

Total estimated upfront fees
$480
Comparison Rate*

3.58%

Ongoing fee
$0 monthly
Go to site
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Advertised Rate

3.52%

Variable

Total estimated upfront fees
$480
Comparison Rate*

3.58%

Ongoing fee
$0 monthly
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Advertised Rate

3.25%

Fixed - 5 years

Total estimated upfront fees
$480
Comparison Rate*

3.59%

Ongoing fee
$0 monthly
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Advertised Rate

2.77%

Fixed - 2 years

Total estimated upfront fees
$480
Comparison Rate*

3.61%

Ongoing fee
$0 monthly
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Advertised Rate

3.20%

Fixed - 4 years

Total estimated upfront fees
$480
Comparison Rate*

3.61%

Ongoing fee
$0 monthly
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More details
Advertised Rate

2.95%

Fixed - 2 years

Total estimated upfront fees
$480
Comparison Rate*

3.64%

Ongoing fee
$0 monthly
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Advertised Rate

3.12%

Variable

Total estimated upfront fees
$480
Comparison Rate*

3.65%

Ongoing fee
$0 monthly
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Advertised Rate

3.60%

Variable

Total estimated upfront fees
$891
Comparison Rate*

3.66%

Ongoing fee
$0
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Advertised Rate

2.67%

Fixed - 1 year

Total estimated upfront fees
$480
Comparison Rate*

3.68%

Ongoing fee
$0 monthly
Go to site
More details
Advertised Rate

3.45%

Fixed - 4 years

Total estimated upfront fees
$480
Comparison Rate*

3.69%

Ongoing fee
$0 monthly
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More details
Advertised Rate

3.50%

Fixed - 5 years

Total estimated upfront fees
$480
Comparison Rate*

3.69%

Ongoing fee
$0 monthly
Go to site
More details
Advertised Rate

2.85%

Fixed - 1 year

Total estimated upfront fees
$480
Comparison Rate*

3.70%

Ongoing fee
$0 monthly
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Advertised Rate

3.72%

Variable

Total estimated upfront fees
$480
Comparison Rate*

3.78%

Ongoing fee
$0 monthly
Go to site
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Advertised Rate

3.75%

Variable

Total estimated upfront fees
$396
Comparison Rate*

3.81%

Ongoing fee
$0
Go to site
More details
Advertised Rate

3.77%

Variable

Total estimated upfront fees
$480
Comparison Rate*

3.83%

Ongoing fee
$0 monthly
Go to site
More details
Advertised Rate

3.85%

Variable

Total estimated upfront fees
$891
Comparison Rate*

3.91%

Ongoing fee
$0
Go to site
More details
Advertised Rate

3.95%

Variable

Total estimated upfront fees
$891
Comparison Rate*

4.01%

Ongoing fee
$0
Go to site
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Advertised Rate

4.05%

Variable

Total estimated upfront fees
$891
Comparison Rate*

4.11%

Ongoing fee
$0
Go to site
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Advertised Rate

4.15%

Variable

Total estimated upfront fees
$891
Comparison Rate*

4.21%

Ongoing fee
$0
Go to site
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Advertised Rate

4.22%

Variable

Total estimated upfront fees
$744
Comparison Rate*

4.28%

Ongoing fee
$0 monthly
Go to site
More details
Advertised Rate

4.25%

Variable

Total estimated upfront fees
$891
Comparison Rate*

4.31%

Ongoing fee
$0
Go to site
More details

RESI Mortgage Corp customer service

Home loan customers at RESI Mortgage Corp can contact the lender in a number of ways. There is a general customer line and customers can also contact the lender via email or an online form on the RESI website. There is also the option to visit a RESI Mortgage branch and meet with a staff member in person.

  • Customer service centre (phone)
  • Mobile app
  • Online banking
  • Email
  • Branch

How to Apply

RESI Mortgage Corp customers can apply for a home loan through a number of methods. These include by phone or email, via the online application form on the RESI website, or by booking a phone appointment with a home loan specialist. Customers can also apply in person at a RESI Mortgage branch. Before applying for a home loan it is advisable to think about how much money you could conceivably borrow given your financial situation and income. You will also need to provide documentation when applying for a home loan. This will include:

  • Personal identification material.
  • Proof of income and other earnings.
  • Proof and type of employment.
  • Details of current loans, debts and liabilities.
  • Personal insurance documents.

For refinancers you will also have to provide you home loan statements for the past three months and a current payout quote for the loan you wish to refinance. 

Learn more about home loans

How do I apply for a home improvement loan?

When you want to renovate your home, you may need to take out a loan to cover the costs. You could apply for a home improvement loan, which is a personal loan that you use to cover the costs of your home renovations. There is no difference between applying for this type of home improvement loan and applying for a standard personal loan. It would be best to check and compare the features, fees and details of the loan before applying. 

Besides taking out a home improvement loan, you could also:

  1. Use the equity in your house: Equity is the difference between your property’s value and the amount you still owe on your home loan. You may be able to access this equity by refinancing your home loan and then using it to finance your home improvement.  Speak with your lender or a mortgage broker about accessing your equity.
  2. Utilise the redraw facility of your home loan: Check whether the existing home loan has a redraw facility. A redraw facility allows you to access additional funds you’ve repaid into your home loan. Some lenders offer this on variable rate home loans but not on fixed. If this option is available to you, contact your lender to discuss how to access it.
  3. Apply for a construction loan: A construction loan is typically used when constructing a new property but can also be used as a home renovation loan. You may find that a construction loan is a suitable option as it enables you to draw funds as your renovation project progresses. You can compare construction home loans online or speak to a mortgage broker about taking out such a loan.
  4. Look into government grants: Check whether there are any government grants offered when you need the funds and whether you qualify. Initiatives like the HomeBuilder Grant were offered by the Federal Government for a limited period until April 2021. They could help fund your renovations either in full or just partially.  

How do I apply for Westpac’s first home buyer loan?

If you’re a first home buyer looking to apply for a home loan with Westpac, they offer an online home loan application. They suggest the application can be completed in about 20 minutes. Based on the information you provide, Westpac will advise you the amount you can borrow and the costs associated with any possible home loan. 

You can use Westpac’s online mortgage calculators to estimate your borrowing power. You can also work out the time it might take to save up for the deposit, and the size of your home loan repayments

When applying for a home loan with Westpac, you’re assigned a home finance manager who can address your concerns and provide information. The manager will also offer guidance on any government grants you may be eligible for. 

Can I take a personal loan after a home loan?

Are you struggling to pay the deposit for your dream home? A personal loan can help you pay the deposit. The question that may arise in your mind is can I take a home loan after a personal loan, or can you take a personal loan at the same time as a home loan, as it is. The answer is that, yes, provided you can meet the general eligibility criteria for both a personal loan and a home loan, your application should be approved. Those eligibility criteria may include:

  • Higher-income to show repayment capability for both the loans
  • Clear credit history with no delays in bill payments or defaults on debts
  • Zero or minimal current outstanding debt
  • Some amount of savings
  • Proven rent history will be positively perceived by the lenders

A personal loan after or during a home loan may impact serviceability, however, as the numbers can seriously add up. Every loan you avail of increases your monthly installments and the amount you use to repay the personal loan will be considered to lower the money available for the repayment of your home loan.

As to whether you can get a personal loan after your home loan, the answer is a very likely "yes", though it does come with a caveat: as long as you can show sufficient income to repay both the loans on time, you should be able to get that personal loan approved. A personal loan can also help to improve your credit score showing financial discipline and responsibility, which may benefit you with more favorable terms for your home loan.

How do I get a pre-approved home loan with Aussie?

Getting Aussie home loan pre-approval means receiving conditional support from Aussie Home Loans to borrow the money you need to buy a home. 

It’s an indication of the approximate amount Aussie may offer you, subject to some terms and conditions. Keep in mind, having a pre-approved home loan does not guarantee an actual approval of your loan when it comes time to buy.

Aussie home loan pre-approval often involves speaking to one of the lender’s brokers. You can make an appointment online. You’ll often have to submit your personal details and other information about your assets, income, liabilities and expenses.  It’s worth remembering that a pre-approved loan is usually valid for a few months.

Does the family tax benefit count as income?

The family tax benefits are one of several government support payments that are not considered taxable income. Other such payments include child care subsidies, economic support payments, rent assistance, and carer allowances. If you file a tax return, you typically don’t need to mention such income on the return. However, some home loan lenders may accept family tax benefits as an income source when reviewing your home loan application. You’ll still need to meet other lending requirements, such as having a sufficiently high credit score and enough savings for a deposit before the loan will be approved.

Aussies receiving family tax benefits usually have an adjusted taxable income of no more than $55,626 a year. Alternatively, one spouse can be receiving income support payments from the government to be eligible. Most importantly, they need to have children dependent on them for care at least 35 per cent of the time. Children between the ages of 16 and 19 should be either full-time secondary students or have a somewhat comparable study load unless the government exempts them from these study requirements. 

What is the average length of a home loan?

Most Aussie lenders offer home loans with a 30-year term, meaning that you should pay back the full loan amount and the interest you owe on the amount in 30 years. 

However, home loans can also have a shorter or longer term. They may be as low as ten years or up to 45 years, depending on the product and lender. 

It’s worth remembering that a longer loan term usually means you’ll end up paying a lot more interest in total, but your scheduled repayments may be more manageable. In contrast, you could opt for a shorter loan term if you are comfortable making large repayments in exchange for paying less interest over the term of the loan.

How can I apply for a first home buyers loan with Commonwealth Bank?

Getting a home loan requires planning and research. If you are considering a home loan with the Commonwealth Bank, you can find the information you need in the buying your first home section of the bank’s website.

You can see the steps you should take before applying for the loan and use the calculators to work out how much you can borrow, what your monthly repayments would be and the upfront costs you’d likely pay.

You can also book a time with a Commonwealth first home loan specialist by calling 13 2221.

CommBank publishes a property report that may help you understand the real estate market. The bank has also created a CommBank Property App that you can use to search for property.  The link to download this app is available on the same webpage.

If you are eligible for the First Home Loan Deposit Scheme, CommBank will help you process your application. The scheme helps first home buyers to purchase a home with a low deposit. You can read details about this scheme here and speak with a CommBank home lending specialist to understand your options.

How do you qualify for a CBA home loan with casual employment?

Qualifying for a home loan without a full-time job may be challenging, but it can be done. The first step is to understand how a CBA home loan is assessed when you have casual employment.

Most lenders will assess your expenses and savings while checking your loan eligibility, checking on factors crucial to home loan approval, such as if your bills are paid on time and what your credit score presently looks like. 

Your income can be one of the most critical factors to determine your final approved home loan amount. As such, you’ll need to provide payslip copies to lenders to assist them in assessing your income during the loan tenure, regardless of your employment status, full-time, part-time, or otherwise.

Casual employees will want to be casually employed for at least 12 months to be eligible for a home loan. Alternatively, you want to have worked as a permanent casual worker (working for a fixed number of hours per week) for at least one month, or you should have been in your current job for a minimum of three months (if the hours are irregular) to be eligible for the loan.

Can I get a NAB home loan on casual employment?

While many lenders consider casual employees as high-risk borrowers because of their fluctuating incomes, there are a few specialist lenders, such as NAB, which may provide home loans to individuals employed on a casual basis. A NAB home loan for casual employment is essentially a low doc home loan specifically designed to help casually employed individuals who may be unable to provide standard financial documents. However, since such loans are deemed high risk compared to regular home loans, you could be charged higher rates and receive lower maximum LVRs (Loan to Value Ratio, which is the loan amount you can borrow against the value of the property).

While applying for a home loan as a casual employee, you will likely be asked to demonstrate that you've been working steadily and might need to provide group certificates for the last two years. It is at the lender’s discretion to pick either of the two group certificates and consider that to be your income. If you’ve not had the same job for several years, providing proof of income could be a bit of a challenge for you. In this scenario, some lenders may rely on your year to date (YTD) income, and instead calculate your yearly income from that.

What are the NAB term deposit interest rates for businesses?

If you’re looking to lock in a return on your business savings, one option is a business term deposit with NAB. The big four bank provides competitive interest rates while giving you the flexibility to choose the term. NAB offers business term deposit interest rates for investments of between $5,000 to $499,999.

NAB doesn’t charge any monthly account or application fees. The interest is calculated daily and for the 90-day term and six months term, you will get paid when the deposit matures. For the 12 months term, you can either choose to get paid monthly, quarterly, half-yearly or annually. 

If you wish to withdraw your funds before the deposit matures, you need to give NAB 31 days notice. However, they do make exceptions if you’re experiencing hardship and need the funds immediately. Either way, you may have to bear the prepayment cost, which you can learn more about in the Terms and Conditions.

Can I get a NAB first home loan?

The First Home Loan Deposit Scheme of NAB helps first home buyers purchase a property sooner by reducing the upfront costs required. This scheme is offered based on a Government-backed initiative, with10,000 available places announced in October 2020.

Suppose your application for the NAB first home buyer loan is successful. In that case, you’ll only need to pay a low deposit, between 5 and 20 per cent of the property value and won’t be asked to pay lender's mortgage insurance (LMI). You’ll also receive a limited guarantee from the Australian government to purchase the property.

If you’re applying for the NAB first home buyer home loan as an individual, you need to have earned less than $125,000 in the last financial year. Couples applying for the NAB first home loan need to have earned less than $200,000 to be eligible. To be considered a couple, you need to be married or in a de facto relationship. A parent and child, siblings or friends are not considered a couple when applying for a NAB first home loan.

The NAB First Home Loan Deposit Scheme is currently offered only to purchase a brand new property, rather than an established property.

Where can I get all the information about an ANZ first home buyer’s loan?

As a first home buyer, you may require help and hand-holding, and as such ANZ has the buying your first home section on its website full of important information. ANZ also has a form in this section you can fill out to get a free consultation from an ANZ First Home Coach and create your own plan for buying your first home. This coach will help you understand where your current income is being spent and plan for your home loan repayments. You’ll get a clear picture of the costs involved in purchasing a property and how to budget or save for these costs. The coach will help you understand different deposit options and manage your accounts to enhance your savings.

There are three types of ANZ first home loans - Standard Variable, Fixed, and Equity Manager. The features, interest rates, and terms for each are different, and you can compare them here.

When they apply for an ANZ home loan, first home buyers can also get guidance on applying for the First Home Owner Grant (FHOG). This is a one-off government grant that may be available to you when you’re buying your first home. The eligibility criteria for FHOG differs between the different states and territories, which is why it’s helpful to have expert advice when applying.

Can first home buyers apply for an ING home loan?

First home buyers can apply for an ING home loan, but first, they need to select the most suitable home loan product and calculate the initial deposit on their home loan. 

First-time buyers can also use ING’s online tool to estimate the amount they can borrow. ING offers home loan applicants a free property report to look up property value estimates. 

First home loan applicants struggling to understand the terms used may consider looking up ING’s first home buyer guide. Once the home buyer is ready to apply for the loan, they can complete an online application or call ING at 1800 100 258 during regular business hours.

How do you determine which home loan rates/products I’m shown?

When you check your home loan rate, you’ll supply some basic information about your current loan, including the amount owing on your mortgage and your current interest rate.

We’ll compare this information to the home loan options in the RateCity database and show you which home loan products you may be eligible to apply for.

 

Why should I get an ING home loan pre-approval?

When you apply for an ING home loan pre-approval, you might be required to provide proof of employment and income, savings, as well as details on any on-going debts. The lender could also make a credit enquiry against your name. If you’re pre-approved, you will know how much money ING is willing to lend you. 

Please note, however, that a pre-approval is nothing more than an idea of your ability to borrow funds and is not the final approval. You should receive the home loan approval  only after finalising the property and submitting a formal loan application to the lender, ING. Additionally, a pre-approval does not stay valid indefinitely, since your financial circumstances and the home loan market could change overnight.