Here are some changes you need to know about, effective now!
Update on Interest Rates
Until the 27th of June 2024, Resi is offering the following promotions:
Variable Interest Rates
Clients need some help? For a limited time, access savings between 10 to 75bps for select LVR bands and loan options1. Promotion applies to:
Near Prime Clear Full Doc option: >80 – 95% LVR
Near Prime Clear Alt Doc option: >80% – 90% LVR
Near Prime Full Doc option: >75 -80% LVR
Near Prime Alt Doc option: >70% -85% LVR
Fixed Interest Rates
Give your clients certainty at a great rate. Lock in today’s variable rate for 2, 3 and 5 years, across Prime to Specialist loan options with no additional loading2. Plus, with no break fees, it just makes sense.
To lock in these interest rates for 90 days from Final Approval, submit the Fixed Interest Rate Lock Authority Request form (fees apply3).
Exclusive to White Label
Until the 27th of June 2024, Resi is offering the following promotions:
Investor loans
In addition to their comprehensive policy features and reduced serviceability buffer, Resi is also discounting their loadings for investor purchases by 20bps for all Near Prime Clear, Near Prime and Specialist home loan options4.
Construction loans
Got a construction or vacant land deal on your desk? Talk to Resi. Resi is reducing construction interest rates across all LVRs and loan options! Broker’s clients can access significant savings with discounts up to 177bps5.
To access the rate cards, click here.
Further support
If you have any questions or would like to discuss a customer’s scenario, please contact your Resi BDM or Broker Support for more information.
The material and information included in this email are provided as a service to you and does not represent any form of advice. You are receiving this newsletter as you have subscribed to it. We will not share your email address with others. View our privacy policy. Resi Wholesale Funding Pty Limited ACN 140 674 120, Australian Credit Licence 470679.
Important Information
Information is correct as of 8 April 2024 and subject to change at any time.
Applications are subject to credit assessment, eligibility criteria and lending limits. Terms, conditions, fees and charges apply. Promotions are subject to change and may be varied or withdrawn at any time. Applications lodged after the Promotion period will be offered the current interest rates then applicable.
1 Variable interest rate promotion (Promotion) applies to select LVRs for new Near Prime Clear and Near Prime home loan applications. Refer to the rate card for our full range of interest rates and fees. Applications must be submitted between 12:00 am AEST 8 April 2024 and 11:59 pm AEST 27 June 2024.
2 Pepper Money’s fixed interest rate promotion is only available for new home loan applications not previously submitted. Applications must be submitted between 12:00 am AEST 8 April 2024 until 11:59 pm AEST 27 June 2024. To lock in the interest rate at Final Approval, a fixed rate authority lock form must be submitted (fees apply 3).
3 There is a non-refundable, minimum fee of $750 per home loan application to lock in a fixed interest rate for 90 days. For home loan balances greater than $500,000, the rate lock fee is 0.15% of the fixed interest rate loan balance at settlement. For example, for a fixed rate loan amount of $600,000 the rate lock fee will be $600,000 x 0.15% = $900.
4 Investor loading promotion (Promotion) applies to new investor purchases home loan applications. Applications must be submitted between 12:00 am AEST 8 April 2024 and 11:59 pm AEST 27 June 2024.
5 Construction interest rate promotion (Promotion) applies to new construction loan applications. Applications must be submitted between 12:00 am AEST 8 April 2024 and 11:59 pm AEST 27 June 2024.
