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Resi offering 5.7% home loans

27/01/2010

Resi is currently promoting its Switch & Save Home Loan with an introductory variable rate of 5.7 percent for the first two years. That reverts to Resi’s standard variable rate which is currently 6.0 per cent. There are no application fees or monthly or annual fees.

Lisa Montgomery from Resi says that the deal could save borrowers $5,500 in interest repayments in the first two years. The big four banks are currently offering standard variable mortgage rates averaging about 6.6 per cent, with Westpac’s standard variable rate set at 6.76 per cent.

Source: Resi

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