Resi Home Loans is proud to announce that they are the Your Mortgage overall non-bank winner for Best Value Introductory Loan for Switch & Save.
Their award winning product, Switch & Save tops competition within the non-bank category not only because of its current low variable introductory rate of 5.70%* but also thanks to its competitive revert rate that kicks in after 24 months and no start-up or ongoing fees.
These attributes as well as its other winning features including extra repayments, free redraw, and an interest only option has made it rise above other non-bank lenders.
The initial introductory rate for Switch & Save is discounted at 5.70%*, which is a variable introductory rate over two years – well below much of the bank and other non-bank competition. It’s the latter cost with a default rate of 6%* as well as its low start up and nil ongoing fees that helped Resi rise above the other non-bank lenders.
This results in potential savings of $4,839* over three years, $5,698* after five years and an enormous $14,330* over ten years compared to the average cost of the average loan according to Your Mortgage rankings.
For more information on Resi’s Switch & Save home loan visit, http://www.resi.com.au/Landing/Switch—Save.aspx?t=home_banner_large
Or if you have an existing loan and want to put it up against the Switch & Save test then try Resi’s Switch & Save calculator http://www.resi.com.au/Calculators/Switch-and-Save.aspx?t=HP_banner_right.
* Conditions Apply.
Tags: affordability, First Home Buyers, Home Loan, Home Loans, Interest Rates, Invest, Lender, Move House, Property, Refinance, Variable loan, variable rate