product logo

Smart Pro Home Loan (Principal and Interest) ($30k-$200k, LVR < 80%)

SpecialWaiver of standard valuation fees $264 and ongoing fees of $120 annually for the life of the loan 
Compare

Customise your mortgage repayments by entering your details:

I want to borrow

Loan Term

years

Repayment Frequency

Pros and Cons

Pros:
  • Extra repayments + redraw services
  • Free redraw facility
  • Repayments may decrease if RBA cuts rates
Cons:
  • Annual fee charged
  • Discharge fee at end of loan
  • Repayments may increase if RBA raises rates
Advertisement
Advertisement

Fees and Features

Maximum LVR
Maximum LVR
80%
Interest rate structure
Interest rate structure
Variable
Borrowing range
Borrowing range
$30k - $200k
Total repayments
Total repayments
$387,300
Principal & interest
Principal & interest
Interest only
Interest only
Loan term
Loan term
25 - 30 years
Offset account
Offset account
Extra repayments
Extra repayments
Unlimited extra repayments
Redraw facility
Redraw facility
Redraw fee: $0
Allows split interest
Allows split interest
Suitable For
Suitable ForOwner Occupiers
Applicable States
Applicable StatesACT, NSW, NT, QLD, SA, TAS, VIC, WA
Make Repayments
Make RepaymentsFortnightly, Monthly, Weekly
Estimated upfront fees
Estimated upfront fees
$385.00
Application fee
Application fee
$0
Settlement fee
Settlement fee
$0
Valuation fee
Valuation fee
$0
Legal fee
Legal fee
$385
Ongoing fee
Ongoing fee
$120 annually
Discharge fee
Discharge fee
$295
Property Type
Property Type
SMSF Trustee
SMSF Trustee
Minimum SMSF Amount
Minimum SMSF Amount
Maximum LVR
Maximum LVR
80%
Interest rate structure
Interest rate structure
Variable
Borrowing range
Borrowing range
$30k - $200k
Total repayments
Total repayments
$387,300
Principal & interest
Principal & interest
Interest only
Interest only
Loan term
Loan term
25 - 30 years
Offset account
Offset account
Extra repayments
Extra repayments
Unlimited extra repayments
Redraw facility
Redraw facility
Redraw fee: $0
Allows split interest
Allows split interest
Suitable For
Suitable ForOwner Occupiers
Applicable States
Applicable StatesACT, NSW, NT, QLD, SA, TAS, VIC, WA
Make Repayments
Make RepaymentsFortnightly, Monthly, Weekly
Estimated upfront fees
Estimated upfront fees
$385.00
Application fee
Application fee
$0
Settlement fee
Settlement fee
$0
Valuation fee
Valuation fee
$0
Legal fee
Legal fee
$385
Ongoing fee
Ongoing fee
$120 annually
Discharge fee
Discharge fee
$295
Property Type
Property Type
SMSF Trustee
SMSF Trustee
Minimum SMSF Amount
Minimum SMSF Amount
  • Special Waiver of standard valuation fees $264 and ongoing fees of $120 annually for the life of the loan
    Available for Smart Pro loans lodged by 26 July 2019. New loans only.

RESI Mortgage Corp is a non-bank lender founded in the 1980s and part of the Yellow Brick Road Group since 2014.

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. 

FAQs

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.

Details  
Compare your product with the big 4 banks, or add more products to compare
As seen on