Does this sound like you?
- Self-employed and your business is currently trading well.
- You need to, or would prefer to use alternate forms of income verification.
- You don’t pay yourself a regular salary.
- You’ve been operating your business for at least 18 months (If you’ve been operating for less than 18 months, see Resimac Reset ).
- You’d like to buy, refinance, invest in your business or consolidate debt.
You may be a good candidate for a Resimac home loan.
Which Resimac product?
Resimac Prime Alt Doc
A classic mortgage, but for the self-employed who need alternate forms of income verification. It offers affordable finance that can be used for a variety of needs including debt consolidation, business use and investment, as well as purchase and refinance.- 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 – $1,500,0002.
- Minimum deposit: 20%.
- Loan term: Between 10 to 30 years.
- Interest Type: Fixed (Between one and five years) or Variable.
- Repayment options: Principal & Interest and Interest Only1.
- Minimum income documentation requirements+: An accountant’s verification letter; or the latest six-months’ GST returns and six month’s business bank statements; or, where GST exempt, the latest six months business bank statements.
Why Resimac Prime Alt Doc
- Low mortgage-based interest rates.
- Accepts alternate forms of income verification such as an accountant’s letter or business bank statements.
- The focus is on their current or most recent financials and their current ability to service the loan. We don’t overly dwell on the past.
- We take a pragmatic approach to assessment and help look for ways to make it happen.
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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Excellent service
I was referred to Resimac by a family friend and although initially reluctant as they aren't a banking institution as such, my fears were way allayed. Their service was exemplary, from start to finish, and I look forward to further loan transactions with them. I would highly recommend.Fantastic Service
After having challenges with another bank, I approached Resimac to get a home loan. They went above and beyond to work loan through the bank's processes and kept me up to date at every step of the way. The loan was fairly time sensitive and they looked at every available option to get the loan approved, docs issued and settled. I was very happy with the timely result and flexibility offered. I wouldn't hesitate using Resimac again. Well done - 10 out of 10!A Better Alternative to Banks
From application to approval they all went well, without having to go to an office, all done by phone and email - very efficient process.
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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.
