Easy Street's variable home loan choices
| - Basic variable home loan - a simple, no fuss home loan with a low ongoing rate. Our Basic Variable home loan won a bronze award for Best Basic Variable Home Loan - Non-bank Category in the 2009 Mortgage of the Year Awards.
| - Honeymoon home loan - gives you a low capped rate for one year before returning to our low basic variable interest rate. This saves you money on interest for the first year of your loan while you settle in to paying off your new home, and gives you the financial security of knowing what your repayments will be for a whole year.
| Why choose a variable home loan with Easy Street?
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Easy Street home loans are highly flexible, giving you the freedom to manage your loan without being charged excess fees. In fact, you might not even find some of these features on some other home loans:
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- No monthly or ongoing fees
- Free to redraw from your home loan with no minimum redraw amount
- Ability to make additional repayments on your loan fee free
- 100% offset facility on the honeymoon home loan
- A flat $500 application fee that actually covers your legal and valuation fees**
- Borrow up to 95% of the purchase price with Lender's Mortgage Insurance (LMI) or up to 80% without LMI
- Weekly, fortnightly or monthly repayment options
- Minimum loan amount $100,000
- Available for first home buyers, refinancers, investors, builders and renovators.
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Why choose a variable home loan?
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A variable rate will fluctuate throughout the term of your home loan. It is set by your financial institution but influenced by the official interest rate and economic conditions.
The benefits associated with having a variable home loan rate include:
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- Your initial rate of interest will be lower than the current fixed rate.
- If the interest rate falls during your home loan repayment period, you can either enjoy lower home loan repayments, or continue to maintain the same repayment levels, helping to reduce the interest you pay.
- You can revert to a fixed rate at any point if you are worried about successive interest rate rises
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How to apply for a variable home loan with Easy Street
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Trash the paperwork - the easiest way to apply for a home loan with Easy Street is online. It will only take about 10 minutes provided you have all the relevant information handy.
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Alternatively, you can apply over the phone by calling 1300 13 14 65 8am-8pm weekdays and 8am-3pm Saturdays.
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Things you might like to know
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* Terms and conditions, fees and charges apply - details available on application. All loans subject to lending guidelines. ** Other government charges may apply.
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