Third-Party
Hello OzBargainers,
Happy new year & wishing you an amazing 2024!
Resimac have a really sharp Low Doc product on offer at the moment. This caters for self-employed applicants who require alternative methods of income verification. For example, where full financials aren’t available, or do not accurately reflect the current trading of the business, or where a complex business structure would make providing full documentation prohibitive.
Applicants are able to verify their income using a choice of the following alternative methods:
- Accountant’s verification (provided the accountant has acted for the applicant/s for at least 12 months);
- Most recent 6 months Business Activity Statements (BAS);
- Most recent 3 months Business Bank Statements.
Key criteria
• Maximum loan amount:
- Up to 65% LVR - $2,500,000
- 65.01 - 75% LVR - $2,000,000
- 75.01 - 80% LVR - $1,750,000
• Purchase, refinance and debt consolidation permitted (maximum of home loan plus six debts, excl. taxation debts).
• Minor defaults considered (max. two paid listings with a combined value of less than $500).
• Must be self-employed in the same business for min. 24 months, confirmed via a valid ABN, with min. 12 months GST registration (if applicable).
Rates
Owner Occupied (0-80% LVR)
Principal and Interest: 7.24% p.a. (7.27% Comp. Rate)
Interest Only: 7.24% p.a. (7.27% Comp. Rate)
Investment (0-80% LVR)
Principal and Interest: 7.54% p.a. (7.57% Comp. Rate)
Interest Only: 7.54% p.a. (7.57% Comp. Rate)
Fees
Application fee: $0
Valuation fee: approx. $300
Risk fee: $0
Ongoing fee: $0
Annual fee: $0
Settlement fee: At cost
Reach out if you have any questions or would like to discuss this offer.
Kind regards,
Sina Enayati
M: 0413 625 293
E: [email protected]
W: https://finsavvyfinance.com.au/
Finsavvy Finance Pty Ltd (Credit Representative No. 547143) is authorised under (Australian Credit Licence Number: 509484).
Exactly the sort of "deal" that preceded the GFC.