Does this sound like you?
- You’d recently experienced a financial setback that may have resulted from a redundancy, divorce, health issues, downturn in business or another reason. This has affected your credit history.
- You’re working again or have a dependable income and you’re on the road to financial recovery.
- You’d prefer a Prime loan but your current circumstances make it hard.
- You want to consolidate debt, refinance, purchase a residential property or even invest in your business.
- You’re self-employed (having operated in the same business for a minimum of six months), and you need to, or would prefer to use alternate forms of income verification.
You may be a good candidate for a Resimac home loan.
Which Resimac product?
Resimac Reset
A road bump in life shouldn’t stop you achieving your dreams Resimac Reset is a respectable long-term alternative to a classic ‘vanilla’ Prime mortgage, allowing PAYE and self-employed applicants who had experienced some hardship or life events, access to finance (at great rates) to accelerate their financial recovery (back to Prime) or return to normality.Credit events we will consider:
- Number of mortgage arrears: Unlimited.
- Number of defaults and judgement: Unlimited.
- Bankruptcy status: Current.
- Loan use: Purchase, refinance, non-structural home improvements, debt consolidation (including tax debt), cash out, business purposes, investment or any other worthwhile purpose~.
- Loan amount: Between $50,000 – $2,000,000.
- Minimum deposit: 20%.
- Loan term: Between 10 to 30 years.
- Repayment options: Principle & Interest and Interest Only (up to five years).
-
Minimum income documentation requirement+:
- For Full Doc applicants: For salaried (PAYE) employees, the most recent 90 day’s payslips and 90 days bank statements. 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.
- For Alt Doc applicants: For those self-employed for less than 12 months, an accountant’s verification letter supported by the latest six-months’ GST returns; or the latest 6 months GST returns and three months’ business bank statements. For those self-employed for more than 12 months, an accountant’s verification letter, or the latest six-months GST returns and three-months’ business bank statements.,
Why Resimac Reset
- It could help you take back control of your finances, so you can get on with your life sooner.
- Low mortgage-based interest rates.
- We understand that life happens and it’s sometimes out of your control – we don’t judge, we just want to help.
- Solutions available for those with varying numbers of arrears, defaults and bankruptcies.
- Allows you to rebuild your credit history to be eligible for a Prime loan product in the future.
- For the self-employed and small business owners, we can accept alternate forms of income verification such as an accountant’s letter or business bank statements and GST returns.
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?
-
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.
Talk to us
-
Get in touch
CALL 0800 38 48 58 -
We can call you
REQUEST A CALL BACK -
Ask a question
SEND US A MESSAGE
Disclaimer: ~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. (+)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.
