Smarter ways for your clients to save with Resi

Lenders Mortgage Insurance or Risk Fees are generally taken as a given for any of our customers borrowing above 80% LVR. For these customers, this is a substantial cost that adds considerably over the life of the loan as we know any additional money injected into a loan at the start of the loan term saves that amount many times over thanks to the snowballing effects of compound interest.

There are some lenders that provide higher LVR's for specific professional occupations, however, at Resi, we have no LMI options (via two different funders) for more customers up to an 85% LVR.

Key features of our product options:

  • No LMI options to 85% for first time buyers, upgraders, property investors (including Interest Only Loans).
  • Variable rates as low as 4.59% p.a.
  • Permitted occupations - any acceptable PAYG applicants can access our No LMI options, as can any Self-Employed borrowers (on A full documentation basis).
  • Resi is one of the few lenders in the marketplace that also provide no LMI / no Risk fee options for borrowers that fall outside of Prime Lending guidelines, with Near Prime and Specialist options available up to an 85% LVR.

Got you interested? The Resi Renew - Restart range, as well as the Agility 85 product, may suit your customer's needs. Get in touch with the team to find out more.

Resi Rate Sheet

Craig Herden - Relationship Manager
E: Craig.Herden@resi.com.au
P: 0478 537 841

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

Or e-mail our scenarios team on scenarios@resi.com.au

New Deposit Assure BDM arrives

Louise Mills has joined Deposit Assure as the new BDM for NSW/ACT.

Louise is passionate about providing mortgage brokers with products that align perfectly with their core business and that is why she has joined the Deposit Assure team.

Deposit Assure aims to make it easier for people to buy property and with bonds underwritten by QBE, they are able to provide a product to provide customers with the confidence they are looking for

This aligns perfectly with Louise's approach to help brokers enable their customers to make educated decisions when making one of the biggest financial decision of their lives.

Louise has over 4 years' experience working with Mortgage Brokers, and over 15 year's experience in the finance industry.

She loves to travel, is a bit of a foodie and is very passionate about the Penrith Panthers!

Please email Louise at louise@depositassure.com.au to discuss your customers' deposit bond needs.

MFAA members elect two new Directors

MFAA members elect two Directors

The MFAA welcomes two new directors, Sarah Wells and Kathryn Harrison, to the MFAA Board.

The election results were announced at the MFAA Annual General Meeting (AGM) held in Sydney on Wednesday 21 November.

Sarah is the founding Director of Sarah Wells Enterprises, based in Western Australia. Possessing 22 years industry experience, she currently specialises in providing industry leading financial solutions for health and medical professionals.

Kathryn of Smartline Mortgage Advisers, based in Queensland, is also a seasoned broker with over 20 years of board and committee experience.

MFAA Chairman Donna Beazley welcomed the appointments, which she said ensured the ongoing capability and efficacy of the Board as the industry continues to navigate through a challenging environment of regulatory change and scrutiny.

Ms Beazley also thanked departing Directors, stating, "The MFAA Board wishes to recognise outgoing Directors Tim Donahoo and Scott Bolton and to thank them for their service to the MFAA and the mortgage industry. Tim and Scott have both provided exemplary service to the MFAA and the industry, devoting significant time, effort and energy to the Association, which has benefited greatly from their dedication and expertise. We are most grateful to them both for all of their outstanding work."

MFAA CEO Mike Felton welcomed the announcement and said that he looked forward to continuing to work closely with Donna and the Board as the MFAA continues to strongly represent the industry through what will no doubt be another year bringing significant change.

The new MFAA Board of Directors consists of Donna Beazley, Melissa Gielnik, Rose de Rossi, Vladimir Malcik, Joshua Hatten, Sarah Wells and Kathryn Harrison.

More information about the MFAA's Board and the election process can be found on these links below:
MFAA's board
MFAA's elections process

Vow Speed Dating & Networking PD day!

You are invited to join Vow Financial and our preferred partners for an afternoon of speed dating and networking in your city. The Speed dating session will involve 10 of our partners and we invite you to join us for an end of year networking function at the conclusion of the event.

With the PD series kicking off in Queensland on Tuesday 4th December 2018, please click on your state's link below to find out when it is happening in your state and register today!

For Queensland - QLD Vow Speed Dating PD Day & Networking
For South Australia - SA YBR Speed Dating PD Day & Networking
For Western Australia - WA Vow Speed Dating PD Day & Networking
For Victoria - VIC Vow Speed Dating PD Day & Networking
For New South Wales - NSW Vow Speed Dating PD Day & Networking

If you have any questions or would like more information, please do not hesitate to contact your State Manage or BDM.

Message from MFAA's CEO Mike Felton

CBA PROPOSALS FOCUSED ON PROFIT, NOT CUSTOMERS

Dear Member,

Below is a link to the media release issued by the MFAA earlier this week in response to CBA's comments made to the Royal Commission yesterday.

View our media release here.

Kind regards,

Mike Felton
Chief Executive Officer
Mortgage & Finance Association of Australia (MFAA)

Bank of Sydney Fixed Rates Reduced Rate Lock Fee Waiver

For Owner Occupied 3 and 5 year P&I fixed loan applications submitted prior to the 15th December 2018 will get a free 90 day Rate Lock.1


Expect More Home Loan Package
Owner Occupied Fixed2. Max LVR 95% including LMI Annual Package Fee $395)

Term

Rate

Comparison Rate3

3 Years

3.89% p.a.

4.89% p.a.

5 Years

4.19% p.a.

4.89% p.a.

For a limited time only, the annual package fee is waived for the life of the loan for loans under 70% LVR.


Expect More Home Loan Package
Owner Occupied Fixed2. Max LVR 95% including LMI Annual Package Fee $395)

Term

Rate

Comparison Rate3

1 Year

3.84% p.a.

5.02% p.a.

2 Years

3.89% p.a.

4.95% p.a.

3 Years

3.89% p.a.

4.89% p.a.

5 Years

4.19% p.a.

4.89% p.a.


Expect More Home Package
Investment Home Loan Fixed 4 Max LVR 90% inclusive of LMI P&I Repayments

Term

Rate

Comparison Rate3

1 Year

4.09% p.a.

5.91% p.a.

2 Years

4.14% p.a.

5.77% p.a.

3 Years

4.24% p.a.

5.67% p.a.

5 Years

4.59% p.a.

5.60% p.a.


Expect More Home Package
Investment Home Loan Fixed 4 Max LVR 90% inclusive of LMI I/O Repayments

Term

Rate

Comparison Rate3

1 Year

4.39% p.a.

6.06% p.a.

2 Years

4.44% p.a.

5.93% p.a.

3 Years

4.59% p.a.

5.83% p.a.

5 Years

4.69% p.a.

5.76% p.a.

Contact:
1300 BANKING
(1300 226 546 Option 4 for Broker)

Email:
bosbroker@banksyd.com.au

Visit the BOS Broker Website

1. Rate Lock Form to be completed with application, Rate Lock fee to be noted as " fee waiver offer".