Featured Product: Resi Smartpro
With the ever-changing lending market, RESI remains your dedicated Vow Lender of choice
Product Highlights:
- Construction up to 90% LVR
- Investment Purchase and refinance and construction
- Owner occupied Purchase, refinance, cash out and construction
- No need for Genuine savings if LVR is below 90%
- 6 months rental statements can be used as genuine savings contributions
- FHOG can be used as funds to complete (released at slab stage construction)
- Cash out up to $250,000 with just letter from applicant for use.
- Vacant land purchase up to 95% LVR (90% for Investment) INC LMI
- Flexable maternatity income policy
- Tax debt can be refinanced as a Prime application
Acceptable income type:
- Disability Pensions - exempt from asset/income test, i.e. Permanent Blindness
- Widow Pensions
- Foster Care Payments
- Supplement Payments (related to certain pensions)
- Defence Force Reserve Income
- Family tax A & B (child must be under the age of 12)
- Employee allowance, Bonus, Commissions, Overtime
- Self employed more than 2 years
- 6 Months Casual or contract employment
- No Min employment term for Perm or Perm Part time applicants
Rural Security:
A Home Loan Product can be offered up to a maximum LVR 70%, subject to the following criteria being met:
- Less than 50 hectares (120 acres) in size
- Property not generating (or be 'intended' to generate) gross trading income of more than $20,000 per year and
- Any debt servicing not being reliant on the trading income generated from the Rural Property
Current Smartpro Promotion:
NO ongoing fees, NO valuation fee (standard valuation), NO application fee and only $330 legal fees.
**** 2 year fixed rate now 3.17% P & I**
For any scenarios or detailed policy questions please email brokersupport@resi.com.au or call 1800 737 448 (Option 1)