Flexi Variable Flexi Variable (LVR >75% up to 80%)

  • 6.61%
    p.a Standard Variable
  • 6.72%
    p.a Comparison**
  • $2,085
    Upfront fees
  • $180
    Annual fees
  • 80%
    Max LVR
  • $2,402
    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*
$2,402
rate per annum
6.61%

Loan to Value Ratio

Borrow up to the maxium of 80% 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
80%
Capitalise LMI
Yes

Availability

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

Term
10 - 40 years
Min
$50,000
Max
$1,250,000

Eligibility

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

Financials
Full Doc
Credit History
Non 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
$50.0
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
No
Portability of Loan
Yes
Professional Pack
No
Check Account
No
Direct Salary Credit
Yes
Free Transactions
No
Minimum Redraw
Yes
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
$2,085
Establishment
$995
Valuation
$250
Legal/Solicitor
$440
Settlement
$400

Ongoing Fees

Monthly and annual fees and charges during the loan period.

Total
$180
Ongoing Monthly
$15

Exit Fees

Fees associated with prematurely ending the loan.

Total
$250
Exit
$250
Early Repayment
$0
Switch To Fixed
$0

Notes

Flexi Ezy Variable is a Near Prime loan designed for a broad range of applicants that have 24 months clean credit history (paid or unpaid), and a proven track record of responsibly managing their debts. This product is also available as an Ezy Documentation Loan for self-employed borrowers or small business owners who have been in business for a minimum of 24 months ABN registered and 12 months GST registered. The Flexi Ezy Variable home loan is ideal for customers looking to buy or refinance their home or investment property and obtain cash out at the same time for renovations or business use. Cash out up to 90% LVR on Ezy Variable Full Doc and 80% on Ezy Variable Ezy Doc. Key Benefits: - No Lenders Mortgage Insurance (LMI) required. - Unlimited number of defaults, judgements or writs registered over 24 months prior to application accepted (paid or unpaid). - Available for refinance, including Non-Conforming, Private and Solicitor Loans. - Unlimited debt consolidation. Credit History: Any number of defaults or judgements registered > 24 months prior to application, paid or unpaid Loan Purpose: Purchase or refinance of owner occupied and investment properties. Finance also available for a variety of purposes, including payment of ATO debts and purchase of business equipment.

LVR Notes

Mortgage Risk Fee of: 1.50%

*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