Resi, the Alternative to the Big Banks

Looking for an alternative to the Big 4 Banks? Resi has the answer!

  • Multi funder options delivering a wide range of loan solutions for customers - access to several funders who don't credit score.
  • Dedicated Business Development Managers (that have knowledge of funder niches) to assist with credit enquiries and scenarios.
  • Breadth of funding allows us to find a solution for most viable lending situations.
  • Dedicated credit team with delegated credit authorities
  • Customer ownership is always maintained by branch/broker and not the lender
  • Fully Assessed Pre-Approvals
  • Cash out on all products up to 80% LVR
  • Fixed rates with full offset account
  • Properties up to 120acres
  • Lo Doc and full Doc options

Details on all our products including service calculators and facts sheets can be found at: https://www.vow.com.au/resi-home-loans

Featured Product: SMARTPRO

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 maternity income policy

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

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

For all Scenarios or assistance, please contact your friendly sales team below.

Sales Team 1800 737 448 option 1 or brokersupport@resi.com.au

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

Register for the National Conference and Save!

This year's 2019 National Conference is set to take place in the beautiful city of Darwin from Monday 16th - Wednesday 18th September 2019.

Titled 'A Whole New World' it symbolises the coming together of Yellow Brick Road and Vow Financial. By joining together, we can all move forward, united, and work collectively toward a common vision.

This year we aim to deliver an experience that will both educate and inspire. We have an exciting agenda planned which includes a workshop run by the Disney Institute, making for a truly unique experience that's not to be missed.

More information will be released in the coming weeks as we finalise plans for some very exciting content, so keep an eye out for the full agenda, keynote speakers and educational workshops.

Please take some time to familiarise yourself with the details on the conference website, you will find more information about registering your attendance as well as travel and accommodation.

If you register now you will be able to take advantage of early bird prices and save!

Register Now!

If you have any questions, please contact amy.dimech@vow.com.au

RBA Leaves Interest Rates On Hold

By business reporter Michael Janda

Source: abc.net.au

Despite a significant level of anticipation the Reserve Bank would cut interest rates this month, it has kept them on hold for the 30th consecutive meeting.

The record-low cash rate of 1.5 per cent has been at that level since the last move in August 2016, although money market traders do not expect it to stay there much longer.

The market is seeing a better than even chance of rates falling in June, with the bulk of analysts expecting two rate cuts from the RBA, probably before the end of this year.

Markets had priced in about a 40 per cent chance of the bank moving rates at today's board meeting -- odds that had peaked closer to 70 per cent in recent weeks.

Betting on a rate cut has been boosted by weakness in two key datasets released over the past two months -- GDP and inflation.

Australia's economy grew just 0.2 per cent in the last quarter of last year, an annual growth rate of 2.3 per cent.

Bureau of Statistics figures show consumer prices remained unchanged over the first three months of this year, for an annual inflation rate of 1.4 per cent when the most volatile price changes were removed.

That inflation rate is well below both the Reserve Bank's forecasts and its 2-3 per cent target range, and caused a massive surge in betting on a May rate cut.

However, the bank recently stated it was looking to a rise in unemployment as well as low inflation to trigger a move down from what are already record-low interest rates.

The most recent figures show trend unemployment holding steady at 5 per cent, although fresh jobs data for April will be released next week.

More to come.

Teleconference Invite from Treasurer Josh Frydenberg

Please be advised that the Hon. Josh Frydenberg, Federal Treasurer of Australia, is inviting brokers to attend a Tele-Town Hall (Town Hall discussion via telephone conference), which is occurring this Thursday, May 9th at 9am (AEST).

This is a great opportunity to put any questions you might have about the Coalition Government's policies on mortgage broking and real estate directly to Mr Frydenberg.

This event is exclusively for the mortgage broker and real estate industries and we are informed that no journalists will be invited.

If you are interested in attending, click the link below to enter your telephone number. You will then be called at the time of the conference and automatically joined to the town hall.

We have been advised that your telephone number will not be used for any purpose other than joining the call on Thursday.

Click here to register