Non-bank lender RESIMAC Home Loans has announced changes to interest rates, increasing their 2-5 year fixed rates and introducing an extra step in low equity margins.
RESIMAC Home Loans base interest rates are currently for <80% LVR lending, plus they have a 20 points loading for >80% LVR lending.
From Monday, August 5, 2013 they are introducing an extra step for >85% lending, being loans for 85.01-≤90% LVR’s will pay an extra 50 points from the base rates.
Their mortgage interest rates move to the following:
| Variable | 1 yr | 2 yrs | 3 yrs | 4 yrs | 5 yrs | |
| % | % | % | % | % | % | |
| <80% LVR | 5.59 | 5.35 | 5.65 | 6.05 | 6.30 | 6.60 |
| 80.01 - 85.00 LVR | 5.79 | 5.55 | 5.85 | 6.25 | 6.50 | 6.80 |
| 85.01 - 90.00 LVR | 6.09 | 5.85 | 6.15 | 6.55 | 6.80 | 7.10 |
| Low Doc | 6.59 | 6.35 | 6.65 | 7.05 | 7.30 | 7.60 |
A comprehensive listing of all mortgage interest rates for all institutions can he found here.
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Mortgage choices involve making a significant financial decision so it often pays to get professional advice. A Roost mortgage broker can be contacted by following this link »
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(Updated: The 2 year <90% LVR rate has been corrected to read 6.15%. Previously showed 6.05% in error.)
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