Until 31 January 2021, brokers can offer their clients discounted interest rates and fees across select Prime, Near Prime and Specialist home loan products, for their full doc and alt doc customers.
- No Mortgage Risk Fee (MRF) for Near Prime Alt Doc loans up to 70% LVR1
- No Lender Protection Fee (LPF) for Prime Full Doc loans between 80-85% LVR1
- Prime rates starting from 2.35% p.a.3 (2.38% p.a. comparison rate4)
- Near Prime rates starting from 3.49% p.a.3 (3.68% p.a. comparison rate4)
- Specialist rates starting from 4.59% p.a.3 (4.77% p.a. comparison rate4)
Please refer to the rate card for our full range of interest rates and fees.
Rate card can be found by vising the broker centre- at Resi.com.au
Product and Credit Policy Changes
The following recent changes apply to Resi Renew/Restart home loans
- 100% of Interest and Dividend income from held cash deposits and share portfolios considered. 2 years consistency is required. Capital gains on sale of assets is not acceptable.
Full Doc solutions
- Maximum LVR of 95% for Specialist Full Doc
- Cash-out up to 85% LVR for Specialist Full Doc
- Fee Capitalisation up to 95% LVR for Specialist Full Doc
Alt Doc solutions
- 1 month's Business Bank Statements no longer required on all Alt Doc home loans
- Maximum LVR of 85% for Specialist Alt Doc
- Cash-out up to 80% LVR for Specialist Alt Doc
- Fee Capitalisation up to 85% LVR for Specialist Alt Doc
- 6-month ABN and GST considered for Specialist Alt Doc
Please refer to the product guide for more information on our product and credit policy.
New serviceability calculator
Recent updates have been made to our serviceability calculator. The update includes
- Financial Year 2021 personal tax rates
- A new feature where two Resi Renew/Restart loan amounts can be entered for serviceability, eliminating the need to have separate sheets where there are two applications.
An updated rate card, product guide and calculator can be located at the broker centre by visiting resi.com.au
If you have any questions, please do not hesitate to contact the team.
*WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate