Smart Pro Investment Loan (Principal and Interest) ($30k-$200k, LVR < 80%)
- Extra repayments + redraw services
- Free redraw facility
- Repayments may decrease if RBA cuts rates
- Annual fee charged
- Discharge fee at end of loan
- Repayments may increase if RBA raises rates
Interest rate structure
$30k - $2m
Principal & interest
Loan term range
25 - 30 years
Unlimited extra repayments
Redraw fee: $0
Allows split interest
ACT, NSW, NT, QLD, SA, TAS, VIC, WA
Estimated upfront fees
Minimum SMSF Amount
Compare and review home loans with similar features
RESI is based in Sydney and has branches throughout Australia and offers a number of financial products and services. These include home and commercial loans, superannuation and personal finance advice.
RESI Mortgage Corp has won numerous awards and was named Australia’s Best Non-Bank Lender at the Australian Lending Awards in 2012.
RESI Home Loan Calculator
Interested in an RESI home loan? RateCity has a suite of calculators that can show you what your repayments would be and how RESIcompares to its competitors. Simply plug in your borrowing amount below.
A low-deposit home loan is a mortgage where you need to borrow more than 80 per cent of the purchase price – in other words, your deposit is less than 20 per cent of the purchase price.
For example, if you want to buy a $500,000 property, you’ll need a low-deposit home loan if your deposit is less than $100,000 and therefore you need to borrow more than $400,000.
As a general rule, you’ll need to pay LMI (lender’s mortgage insurance) if you take out a low-deposit home loan. You can use this LMI calculator to estimate your LMI payment.
Lenders mortgage insurance (LMI) can be avoided by having a substantial deposit saved up before you apply for a loan, usually around 20 per cent or more (or a LVR of 80 per cent or less). This amount needs to be considered genuine savings by your lender so it has to have been in your account for three months rather than a lump sum that has just been deposited.
Some lenders may even require a six months saving history so the best way to ensure you don’t end up paying LMI is to plan ahead for your home loan and save regularly.
Tip: You can use RateCity mortgage repayment calculator to calculate your LMI based on your borrowing profile