Your clients' needs are changing.

And we're changing with them to help
you succeed

Life has changed dramatically over the last four years.

As a mortgage broker, this means your "typical borrower" doesn't really exist anymore.

Your clients’ lives have changed, their needs are continually changing, but are your lending partners flexible enough to change and evolve with them?

Resimac is your flexible lending partner

You need a lender that can move with the market and adapt its products, policies and processes to suit your clients’ needs today.

Changes we’ve made this year to ensure your clients are assessed fairly and given opportunities in line with current market conditions include:

Reducing the servicing buffer to ensure the bar isn’t too high for borrowers to meet serviceability requirements:
We were one of the first lenders to reduce the serviceability assessment buffer to 2% - something we offer to all customers, not just ones that meet stringent criteria
Equipping self-employed borrowers with better mortgage-based finance options to suit their needs
We increased the maximum loan amount for Prime Alt Doc loans ($2.5M for up to 65% LVR)

We offered unlimited cashout for Prime Alt Doc borrowers irrespective of loan size (previously capped for loans of more than $1.5 million)
Giving property investors a fair go when assessing their serviceability and borrowing power:
We reduced rental income shading to 10%

We changed how we assess HEM to exclude rental income

We include deductible interest from negatively geared property as income
Helping investors take advantage of the rising demand for apartments with policy changes:
We’ve broadened our valuation policy to make greater use of AVRs and EVMs (with additional provision for units/apartments on EVR refinances for Prime and Specialist up to 65% LVR)

We’ve increased the acceptable LVRs for the unit and apartment markets (up to 75% for new units/apartments, up to 80% for older than 12 months).

Our flexible approach to finance

We’re helping investors get back into the market with I/O loans for the price of P&I; solutions for self-employed and credit-impaired investors, and credit policy tweaks that ensure investors are properly assessed and can maximise their borrowing power.

Self-employed borrowers

We offer both Prime Alt Doc and Specialist Alt Doc Solutions for self-employed borrowers who don’t have the last two years’ of financial information or can demonstrate their business’ current profitability using more recent alternative income verification docs.

Property investors

We’re helping investors get back into the market with I/O loans for the price of P&I and credit policy tweaks that ensure investors are properly assessed and can maximise their borrowing power.

Borrowers with credit issues

Our specialist loans give good borrowers who have experienced adverse life events an opportunity to qualify for mortgage- based finance. We accommodate clients with ATO debts, credit defaults under $2K and unlimited arrears.

We look for more ways to say ‘Yes’.

Our award-winning BDMs are here to help you succeed.

Stefanie O"Connell
BDM (QLD)

We pull policy levers to get your client the best results

A prime loan application was submitted where the client’s overtime income was needed to service the loan. Our prime credit policy is that borrowers need to be in the same role for at least 12 months to consider overtime income, and this client had only been in their role for six months.

I placed the file on hold and put an exception into credit. I explained the customer had long term experience in the industry and the LVR on the application was low, and credit approved it under prime. A great result for both the broker and client!

Craig Nicholas BDM (NSW)

We ensure self-employed borrowers put their best financials forward

One of my brokers submitted a self-employed application with the standard two years’ financials, which carried forward a loss from 2022. Our credit team declined it because we calculate servicing on 150% of the lowest year’s figures (in which instance, that would have been $0).

I put the file on hold to explore if we could demonstrate the business’ profitability another way. We got the last two quarters BAS that showed the strength of the applicant’s business and supported the 2022 figures, and we turned the decline into an approval.

Adam Harling BDM (VIC)

We can make exceptions for applications with strong asset positions

One of my brokers had a client who owns five stores from a large supermarket chain. Business was going really well and he wanted to open another two stores. He was seeking $4.15 million in an Alt Doc loan, which would include $1.5 million of business purpose lending to buy the two new stores.

My broker was either told ‘No’ or offered a very high rate with every lender he approached. While the loan amount was well above our policy limits, I was able to get the loan approved under Prime Alt Doc as an exception based on his strong BAS and asset position.

Our lending solutions give your clients more flexibility.

We offer niche product features and policies that give your clients more opportunities to access and utilise mortgage-based finance to suit their needs.

Prime

Available up to 95% LVR for both owner occupied and investment
Refinancing and I/O available up to 95% LVR
I/O term up to 10 years
Up to six offset accounts
Up to $500k business debt refinance
In house LMI DUA
Rate based on security, not purpose
FASTRefi available
Cash out to 85% - unlimited
Unlimited cashout up to 85% LVR

Learn more

Prime (Alt Doc)

Flat rate across all borrower and repayment types and LVRs
80% no LMI
Unlimited cash out up to 80% LVR
One form of income verification
No risk fee
Rate based on security, not purpose
Up to $500k business debt refinance
Up to six offset accounts
Minor defaults considered
No monthly or annual fees

Learn more

Specialist

Tax debt refinance
Six months casual employment accepted
Rates arrears and bankruptcies considered
Multiple related defaults considered as one ‘credit event’
Consolidate unlimited number of debts
Defaults under $2K, listed over two years or paid over 12 months ago ignored
Unlimited business debt refinance
Rate based on security, not purpose

Learn more

Specialist (Alt Doc)

90% purchase or 85% refinance
Six months ABN: three months business bank statements or six months BAS
12 months ABN: Accountant’s Verification
Defaults under $2K, listed over two years or paid over 12 months ago ignored
Multiple related defaults considered as ‘one credit event’
Unlimited business debt refinance
Rate based on security, not purpose

Learn more

Your clients' needs are changing.

Resimac is your flexible lending partner