Resi key facts
- Resi is a non-banking lender based in New South Wales.
- Resi offers home loan products for owner-occupiers and investors.
- This lender only offers home loan products.
Review by our senior home loans writer Richard Whitten.
Resi, or Resi Mortgage Corporation, is a non-banking lender of flexible mortgage products. Resi offers a range of home loans for Australian borrowers. Check out the full table of Resi products below or read more about the lender.
Review by our senior home loans writer Richard Whitten.
Here are the key features and details you need to know about Resi's mortgage products.
Feature | Details |
---|---|
Minimum deposit | It is possible to get a home loan from Resi with a deposit as low as 10%. |
Offset account? | You can get an offset account with several Resi loans. |
Repayment options | Several Resi home loans allow you to make interest-only repayments for a limited period. The Resi also offers the standard principal-and-interest repayments on its loans. |
📄 Property details. You can start a loan enquiry before you've bought a property. But to complete an application you need the address of the property and a signed contract of sale.
📄 Identification documents. You will need identification such as a driver's licence, passport or birth certificate.
📄 Proof of income documents. Recent payslips can establish your income.
📄 Asset and liability documents. You need to provide documents showing your current assets (savings accounts, investments) and liabilities (your outstanding debt).
SPONSORED: Under 25 and shopping for car insurance? You'll have some questions – and we've got answers.
SPONSORED: How much is insurance for a car? When you're under 25, the average car insurance cost can be much higher. Here's how to avoid the "youth tax".
Telstra's delaying its 3G network shutdown in light of concerns about access to emergency calls.
Millions of Aussies have neglected their health by skipping out on treatment in the past year, according to new research by Finder.
SPONSORED: Keeping an eye on the wider property market is part of being a savvy buyer.
For the third time this year, all experts agree we’re in for a cash rate hold in May.
Economists were becoming confident that a rate cut was imminent in 2024, but inflation figures have changed some minds.
Insurance can be confusing when you first arrive in Australia but only health insurance is compulsory – others can be good to have depending on your situation.
Nobody likes going to the doctors but there’s a worrying trend developing in Australia.
SPONSORED: Manage your cashflow with ease through Tyro's payments, banking and lending solutions
Hi Uttam,
Thanks for your enquiry.
The Resi Flexi Options Fixed home loan is suitable for investment purposes and has a maximum loan to value ratio (LVR) of 95%.
While this means you will only need to provide a 5% deposit, you will need to pay Lenders Mortgage Insurance (LMI) when borrowing more than 80% of the property purchase price.
You might be interested to learn more about how to compare first home buyer loans.
I recommend getting in touch with a licensed mortgage broker. A broker can help you understand your financial position and they can leverage their panel of networks to find a lender that’s more inclined to review your application.
Thanks,
Belinda