Resi's Alt Doc Program offering red hot rates
Right now and for loans that are lodged up to the end of November, we have some very special rates on offer with Renew Prime Alt Doc rates starting as low as 4.45%, together with our unique low entry cost solution, it is hard to go past the Renew range for Alt Doc borrowing!
Effective through to the end of the month, we have some red hot rates available in both prime and near prime product categories:
Renew Prime Alt Doc options
Special rates available up to 70% LVR (construction excluded)
LVR |
Resi Renew Alt Doc (O/O P&I) |
Resi Renew Ultra Alt Doc (Investment & Interest Only) |
0 - 55% |
4.45% |
4.95% |
55% - 65% |
4.75% |
5.07% |
65% - 70% |
4.80% |
5.08% |
Under the Prime program, the following can be considered:
- Loans up to $2,000,000 (@ 70% LVR)
- Paid defaults up to $500
- Cash out (excluding business purpose)
- Debt consolidation up to 4 debts
- ABN registered 24 month, GST 12 months
- Income verification by way of Declaration of financial position plus two of the following:
- 6 months business bank statements
- 6 months of BAS
- Accountant letter (refer Resi Renew- Restart annexure form).
If your client cannot qualify for the Prime Alt Doc, perhaps the Resi Renew Near Prime options will suit.
Renew Near Prime Alt Doc options
Under the Near Prime program, the following can be considered:
- Loans up to $2,500,000 (@ 65% LVR); $1,500,000 (@ 80% LVR)
- Unlimited defaults judgements and writs up to $1,000 (paid or unpaid)
- Unlimited defaults, judgements and writs over $1,000 as long as they were registered greater than 24 months ago (paid or unpaid)
- Cash out permitted to 80% including renovations and business use
- Unlimited debt consolidation including pay out of ATO debts
- ABN registered 24 month, GST 12 months
- Income verification by way of Declaration of financial position plus one of the following:
- 6 months business bank statements
- 6 months of BAS
- Accountant letter (refer Resi Renew- Restart annexure form).
Special rates available up to 80% LVR (construction excluded) Note NO RISK FEES are payable on any of the pricing options below!
LVR |
Resi Renew Alt Doc (O/O P&I) |
Resi Renew Ultra Alt Doc (Investment & Interest Only) |
0 - 55% |
5.70% |
5.85% |
55% - 65% |
5.70% |
5.85% |
65% - 70% |
5.99% |
6.10% |
70% - 75% |
6.25% |
6.45% |
75% - 80% |
6.25% |
6.65% |
Got you interested? Have a chat to the team about your next self-employed scenario, be it Alt Doc or Full Doc, chances are we have your solution.
Jason Hulbert - Relationship Manager E:Jason.Hulbert@resi.com.au P: 0468 755 419
Tony Wakim - Relationship Manager E: Tony.Wakim@resi.com.au P: 0416 409 100
Craig Herden - Relationship Manager E: Craig.Herden@resi.com.au P: 0478 537 841
Or e-mail our scenarios team on scenarios@resi.com.au