Easy Street Fin Services
Easy Street
6.04%
Interest rate
6.09%
Comparison rate
Ratings
Fixed term options
Unlike in the US, there are no lenders in Australia that offer 20 or 30 year fixed rates for standard residential home loans. Easy Street Fin Services Easy Street offers fixed loan terms between 1 - 3 years.
Selling the property or refinance during the fixed rate term can trigger hefty fees for breaking a fixed rate contract, and fixed rate loans tend to have restrictions on making extra repayments. Before you lock your rate in, you need to be sure that a fixed rate home loan is suitable for your situation.
1 year
Easy Street Fin Services
2 year
Easy Street Fin Services
3 year
Easy Street Fin Services
LVR options
LVR is an acronym for Loan-To-Value Ratio. The LVR is the amount you are borrowing against the property value being used as security, represented as a percentage.
Easy Street Fin Services Easy Street does not offer tier pricing for lower LVR. With Easy Street, you can borrow upto $95% LVR.
95%
LVR
Easy Street Fin Services
Repayment options
Interest only loans have traditionally been tailored to investors so they can reduce their mortgage repayments and maximise their tax benefits and overall return on investment (ROI). However, getting home loan with interest only (IO) has its place and some lenders are willing to consider your application if you can provide valid reasons.
Tips: To get approved for an interest only home loan you need to have a strong enough income to afford principal and interest (P&I) repayments once your interest only term expires. Sometimes extending your interest only period can be tough and getting approved for a P&I refinance is a lot easier.
Paying pricinpal and interest
Easy Street Fin Services
Paying interest only
Easy Street Fin Services
Q&As
Does Easy Street Fin Services Easy Street comes with an offset account?
Yes, Easy Street comes with a 100% offset account.
A 100% offset account is an account linked to your home loan where you can park your savings and spare cash to reduce the interest you pay. Then, when interest is calculated on your home loan, the balance in your offset account is deducted from the loan amount owing, and interest is only charged on what remains.
What are the costs to apply for Easy Street Fin Services Easy Street?
There is upfront costs of $890 to apply for Easy Street, with no ongoing account keeping fees.
- Application fee: $500
- Legal fee: $390
Are there costs when I exit or refinance to another lender?
Easy Street Fin Services charge a discharge fee of $696, which covers the cost for removing the mortgage that has been registered on the title of your property.
Easy Street Fin Services may also charge you a fixed-rate break cost if you refinance out of Easy Street or sell your house before the fixed term ends. It can cost thousands of dollars, and the advantages of breaking the fixed loan won't always outweigh the disadvantages.
IMPORTANT: Lenders change their policy from time to time so this information is current only accurate at the time that it was written. You should always check with Easy Street Fin Services or a mortgage broker just to be sure. This information should be used as a guide only.