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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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.
