Ezy Economizer Variable No Ongoing Fees 90% 95% Ezy Economizer Variable No Ongoing Fees >90% =<95% (Owner occupied)

  • 4.19%
    p.a Standard Variable
  • 4.22%
    p.a Comparison**
  • $1,150
    Upfront fees
  • $0
    Annual fees
  • 95%
    Max LVR
  • $1,884
    Per Month*

About Mortgage Ezy

Mortgage Ezy is an innovative national non-bank Lender with a deep understanding of individuality, preferring to focus on niche market needs. Mortgage Ezy achieves its goals as a company by helping other people achieve theirs. Mortgage Ezy is an efficient organisation which leverages its position by processing over a billion dollars of loans annually. They distinguish themselves through immediate, thorough and constructive methodologies offering their customers exciting and flexible loan packages.

Standard Variable

Repayments calculated to take into account ongoing monthly and anual fees.

Monthly repayment*
$1,884
rate per annum
4.19%

Loan to Value Ratio

Borrow up to the maxium of 95% of the value of the property.

Lenders Mortgage Insurance, or LMI, will be payable on most loans where the borrowings are greater than 80% of the value of the property.

However, you may be able to capitalise LMI into your loan, increasing the overall loan amount by about 2% (in order to cover the cost of the insurance). Contact a loan market broker to find out how LVR and LMI might impact the cost of your loan repayments.

Lvr
95%
Capitalise LMI
No

Availability

For Owner Occupied in NSW, NT, QLD, SA, WA, VIC, TAS, and ACT.

Term
1 - 30 years
Min
$50,000
Max
$750,000

Eligibility

The level of financial documentaion and credit history required to apply for the loan.

Financials
Full Doc
Credit History
Conforming
Genuine Saving
Not Required

Redraw Facility

Get quick access to cash by drawing on the loan to pay for renovations or other purchases.

Redraw Facility
Yes
Min Redraw
$0
Redraw fee
$0

Banking Features

Given the wide range of loans on offer – with different interest rates, product features and fees – it pays to shop around to find the loan that fits your needs and circumstances. Some loans offer features that may be appropriate for your situation and result in savings over the life of the loan.

Some features you may wish to consider include:

  • an offset account;
  • ability to make extra repayments;
  • a redraw facility; and
  • linked credit card and savings accounts;
  • ability to split your loan between fixed and variable interest rates
Offset Account
Yes
Redraw Available
Yes
Credit Card
No
Internet Banking
Yes
Telephone Banking
Yes
BPay Option
Yes
Portability of Loan
Yes
Professional Pack
Yes
Check Account
No
Direct Salary Credit
Yes
Free Transactions
No
Minimum Redraw
No
Redraw Fee
No

Repayments

You can make your repayments Fortnightly, Monthly, and Weekly.

Interest Only Option
Yes
Max Interest Only
5 years

Upfront Fees

Upfront fess associated with estabilishing the loan. Other loan set-up fees, such as valuation fees and lender's mortgage insurance, and Government charges, such as registration fees and stamp duty on property transfer, have not been included. These will be determined after application.

Total
$1,150
Establishment
$250
Application
$440
Legal/Solicitor
$330
Settlement
$130

Ongoing Fees

Monthly and annual fees and charges during the loan period.

Total
$0

Exit Fees

Fees associated with prematurely ending the loan.

Total
$895
Exit
$895
Early Repayment
$0
Switch To Fixed
$0

Notes

If Interest Only, Add 0.60% to Rate Available for Personal, Company and Trust borrowers. Owner Occupied, Purchase and Refinance. Statements Issued 6 monthly (January – June & July – December). Once reverted to Variable redraw available, no minimum withdrawal and unlimited transactions. Account Access: - Internet and Phone transfer access to nominated account with no daily limit - Visa debit card via Westpac Group ATM & eftpos - 100% Offset - BPAY of bills using phone or internet access - Pay your bills using third party direct debit - Same day telegraphic transfer / Manual Redraw to third party accounts Substitution of security available subject to credit assessment. Repayment Frequency: - Via Direct Debit - Monthly or fortnightly (interest only must be monthly) - Via Salary / Self credit any frequency permitted. Methods: - Direct Debit – Repayment drawn from a nominated account - Salary Credit – Wages directly credited into account - Self Credit– Direct or lump sum credits made into account from another financial institution. Extra repayments may be made at any time without penalty. Transaction Fees: - Free deposits via ANZ branch & eftpos - Unlimited free phone and internet transactions - Manual telegraphic transfer $25 (processed via Client Care) - Free manual redraw to third party account (processed via Client Care)

LVR Notes

Max equity release (cash out) where loan funds are released directly to the borrower, regardless of the proposed purpose are unlimited to 80% LVR, >80% and <90% limited to 20% of security value.

Fee Notes

Transaction Fees: - Free deposits via ANZ branch’s - Unlimited free phone and internet transactions - Manual telegraphic transfer $25 (processed via Client Care) - Free manual redraw to third party account (processed via Client Care). Visa debit card access via Westpac group ATM& eftpos

*Monthly Repayments

Monthly repayments are calculated to take into account the loan amount, repayment term and ongoing fees and charges over the life of the loan.

  • Variable rate loans show the monthly repayments at the current rate.
  • Fixed rate loans show the monthly repayment during the fixed period only.
  • Monthly repayment calculations are an approximate guide only. Speak to a LoanMarket Mortgage broker to understand the exact cost of a loan given your particular circumstances.

**Comparison Rates

A comparison rate is a tool to help consumers identify the true cost of a loan. It factors in the interest rate, loan amount, repayment term and ongoing fees and charges and displays this as a single percentage rate that can be used to compare various loans from different lenders.

Monthly Repayment and Comparison Rate* calculations do not include:

  • The use of account features such as early repayments and offset accounts which vary widely among loans and can reduce the cost of a loan significantly.
  • Cost savings such as fee waivers or special rate discounts.
  • Fees and charges associated with loan options or events that may or may not be used by the borrower, such as early repayment or redraw fees
  • Lenders Mortgage Insurance (LMI) which may be required to secure the loan and can increase the cost of the loan.
  • Government charges such as stamp duty or mortgage registration fees.
  • Fees and charges which aren’t available at the time the comparison rate is provided