Resi Has Reduced Fixed Rates

Resi has reduced its fixed rates on the Flexi Options and on the Smartpro product range.

Resi Flexi options fixed 2 & 3 year up to 90% LVR 3.64%

  • NRAS Properties up 80% Refinance
  • Construction up to 95% For O/O
  • Construction of up to 4 units on one title
  • O/O lending starting at 3.74% P & I Variable
  • O/O 80-90% LVR starting at 3.74%
  • Bridging Finance Servicing on end debt only
  • No Credit Scoring below 80% LVR
  • Investment lending. Starting at 3.94% P & I variable
  • Investment lending up to 90% I/O
  • 12 Month Clawback
  • Offset account available on all loans including fixed

Resi Smartpro fixed 2 year up to 80% LVR 3.57%

  • Contruction up to 95% for O/O
  • Property up to 120 acres acceptable as security
  • O/O with rates from 3.84% P & I Variable
  • FHOG can be used as funds to complete
  • No need for Genuine savings if LVR is below 90%
  • 6 months rental statements can be used as genuine savings contributions
  • No credit scoring below 80% LVR


For all supporting document checklists, service calculators and rate cards please go to: Vow Financial - Resi Home Loans

Download Resi Rate Card 31/05/2019

Or contact our sales team who will be more than happy to assist with any scenario or question:

For general enquiries, please call 1800 737 448 and select:

Option 1 for Sales team or brokersupport@resi.com.au

Craig Herden: National Sales Manager on 0478 537 841 or craig.herden@resi.com.au
Tony Wakim: NSW BDM on 0416 409 100 or tony.wakim@resi.com.au
Jason Hulbert: VIC BDM on 0468 755 419 or jason.hulbert@resi.com.au

Option 2 for Credit team or credit@resi.com.au

Matthew Cragg: National Credit Manager

Option 3 for Service team or service@resi.com.au

Celina Tramontini: National Service Manager

Learn How to Diversify Your Business into Commercial Lending

Understand how to diversify your business into commercial lending, for all Industry Professionals!

This critical training and education day supports broker's businesses to expand product knowledge, by understanding the basic requirements of lenders playing in this space.

We have a limited number of discounted tickets available per state. The first 25 brokers (per each state) to register could save $110 on their ticket. To find out how to receive a limited discounted ticket email amy.dimech@vow.com.au for more information.

Ticket Name

Price

General Admissions (Discounted)

$160 $50* (limited - 25 tickets only per state)

General Admissions

$160

Non-Broker

$275

  • 6 Leading commercial lenders showcasing 'best practices' relating to commercial lending, imparting their knowledge and insight into developing opportunities within the commercial and equipment finance space.
  • Provision of 'exclusive' commercial lending templates to be utilised with any lender in the industry.
  • Exhibitors providing customised business lending solutions for your business.
  • Q&A sessions allowing for personalised and customised conversations with delegates.

Don't miss out, register for your respective capital city now.

Tuesday, 18th June 2019: Adelaide - Register Now
Wednesday, 19th June 2019: Perth - Register Now
Tuesday, 25th June 2019: Brisbane - Register Now
Wednesday, 26th June 2019: Melbourne - Register Now
Thursday, 27th June 2019: Sydney - Register Now

*Ticket price available up until final day of registration or until capacity of 25 tickets per state are exhausted.

Who Are the Finalists for the 2019 Australian Broking Awards?

After a rigorous judging process, 280 finalists have been named across 31 categories for this year's Australian Broking Awards.

The awards program, to be held in Sydney in July, will recognise excellence among the industry's top brokers, brokerages, aggregators and mortgage industry leaders, in categories ranging from innovators, diversification programs, rising stars and much, much more!

To find out who made the list, CLICK HERE.

Be a part of an extraordinary evening celebrating with the best of the best in the mortgage industry.

Book your tickets

Prospa's EOFY Promotions

Here is a reminder that Prospa are running their EOFY promotion. They can help you with your marketing to promote cash flow lending to your customers.

See EOFY Promotions below:

Prospa can offer you White-labelled Marketing Assistance

Check out the EOFY Flyer here

Get in touch with your State Manager to find out more or contact Franco Bombardieri / State Manager VIC/TAS on E: franco.b@prospa.com M: 0413 996 366

Movements post the RBA Cash Rate Cut

Following the RBA announcement on Tuesday there has been a hive of activity with a lot more to come.

Here is a summary of the rate announcements we have seen so far (as at the time of writing/date of post).

ANZ Bank interest rate cut

Rate cut: 18 basis points (0.18%)
Applies to: All variable home loan rates for new and existing customers
Effective date: 14 June 2019

Commonwealth Bank interest rate cut

Rate cut: 25 basis points (0.25%)
Applies to: All variable home loan rates for new and existing customers
Effective date: 25 June 2019

NAB interest rate cut

Rate cut: 25 basis points (0.25%)
Applies to: All variable home loan interest rates for new and existing customers
Effective date: 14 June 2019

Westpac interest rate cut

Rate cut: 20-35 basis points (0.20%-0.35%) O/O P&I 0.20%; O/O IO 0.20%, Inv P&I 0.20%; Inv IO 0.35%
Applies to: All variable home loan interest rates for new and existing customers
Effective date: 18 June 2019

Macquarie interest rate cut (including Vow white label offerings)

Rate cut: 25 basis points (0.25%)
Applies to: All variable home loan interest rates for new and existing customers
Effective date: 7 June 2019 new, 21 June 2019 existing

Bank of Melbourne interest rate cut

Rate cut: 20-35 basis points (0.20-0.35%)
Applies to: Variable OO home loan P&I (20 points), variable OO home loan IO (20 points), variable residential investment property loan P&I (20 points), and variable residential investment property loan IO (35 points)
Effective date: 18 June 2019

BankSA interest rate cut

Rate cut: 20-35 basis points (0.20-0.35%)
Applies to: Variable OO home loan P&I (20 points), variable OO home loan IO (20 points), variable residential investment property loan P&I (20 points), and variable residential investment property loan IO (35 points)
Effective date: 18 June 2019

BCU interest rate cut

Rate cut: 25 basis points (0.25%)
Applies to: variable OO home loans and variable investment home loans, available for new and existing customers
Effective date: 01 July 2019

Greater Bank interest rate cut

Rate cut: 25 basis points (0.25%)
Applies to: "Variable base rate for Owner Occupied loans, Investment loans and Business loans"
Effective date: 11 June 2019

Newcastle Permanent interest rate cut

Rate cut: 25 basis points (0.25%)
Applies to: Standard variable home loans across owner occupier and investment products
Effective date: 17 June 2019

RAMS interest rate cut

Rate cut: 20-35 basis points (0.20-0.35%)
Applies to: variable home loan OO P&I (20 points), variable residential investment property loan P&I (20 points), variable home loan OO IO (20 points), and variable residential investment property loan IO (35 points)
Effective date: 18 June 2019

St. George Bank interest rate cut

Rate cut: 20-35 basis points (0.20-0.35%)
Applies to: Variable OO home loan P&I (20 points), variable residential investment property loan P&I (20 points), variable OO home loan IO (20 points), and variable residential investment property loan IO (35 points)
Effective date: 18 June 2019

Suncorp Bank interest rate cut

Rate cut: 20 basis points (0.20%)
Applies to: Variable home loans, for owner occupiers and investors
Announcement date: 5 June 2019
Effective date: 21 June 2019