Does this sound like you?
- Employed full-time, part-time or contract and earn a salary (PAYE) or are self-employed with full documentation.
- Have a good work history and earn a strong income.
- Have a good credit history.
- Have good equity or savings (deposit).
- Are looking for a higher loan amount than what other lenders may be willing to offer.
- A New Zealand resident or citizen living and working in Australia, or an Australian resident/citizen looking to buy in New Zealand.
You may be a good candidate for a Resimac home loan.
Which Resimac product?
Resimac Prime Full Doc
A pragmatic approach to a classic mortgage, Resimac Prime (Full Doc) enables suitable PAYE or self-employed (with full documentation) applicants to borrow a more realistic amount than what other lenders may be willing to lend, to buy the property you deserve, now.- Loan use: Purchase, refinance, non-structural home improvements, debt consolidation, cash out, business purposes, investment or any other worthwhile purpose~.
- Loan amount: Between $50,000 – $2,500,0002.
- Minimum deposit: 20% (or 40% if living outside New Zealand).
- Loan term: Between 10 to 30 years.
- Repayment options: Principal & Interest and Interest Only1.
- Minimum income documentation requirements+: For salaried (PAYE) employees, the most recent 90 day’s payslips and 90 days bank statements (bank statements not required from eligible applicants). For the self-employed, two-years full financials signed by a Chartered Accountant or qualified taxation specialist, GST registration if applicable, and one-month’s transactional business bank statement.
Why Resimac Prime Full Doc
- Low mortgage-based interest rates.
- Benchmarking, instead of transactional statements, used to assess serviceability when the applicant’s debt service ratio is deemed strong.
- A pragmatic and human approach to assessment. We don’t auto assess, instead we look at applicants as individuals affording more flexibility.
- Income from second jobs, commissions, bonuses, child support, rental income and self-employed/business income also accepted~.
Standard fees and charges
We know getting a new home loan is a big financial commitment. That’s why, as residential property lending experts, we’re only going to charge you the fees we need to – to help make sure getting a loan is a less stressful experience. Assuming you don’t require any exceptional changes, these are the only fees and charges you’ll pay over the life of your loan. There’s nothing to hide here.
A full schedule of our fees and charges is available on the Costs of Borrowing, Forms, and Terms page.
Why our customers love us?
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Disclaimer: (1) Up to 5 years for owner occupied purposes and up to 10 years for investment purposes. (2) Maximum loan amount limited to $1,000,000 for security in Group 2B locations. ~Terms, conditions, limits, exclusions and other criteria applies. (+) This is a guide on the minimum documents required to apply for the particular type of loan. Additional documents may be required and these will be requested on a case-by-case basis.