Resimac offers free valuations on specialist loans for a limited time

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Leading non-bank lender Resimac has announced it will be waiving the standard valuation fee (up to $330) for its specialist full doc and specialist alt doc products.

This limited time offer highlights Resimac’s competitive suite of specialist lending products, which start from 3.87%p.a. (comparison rate 3.97%p.a.), and are designed to suit the needs of borrowers who fall outside traditional lending guidelines. The promotion also lowers the barrier to entry; with the valuation fee waived, borrowers will not have to outlay any up-front fees to Resimac.

General Manager, Third Party Distribution, Daniel Carde, said it was an opportune time for brokers to become familiar with specialist lending products for their clients.

“The opportunities with specialist lending will increase in the current economic environment. Resimac’s case-by-case approach to credit assessment gives us the flexibility to approve loans that some of the more traditional lenders may pass on, and it enables brokers to drive new business with non-conforming borrowers such as those with credit impairments, and self-employed or contract workers.

The offer is effective for new Resimac Specialist Full Doc and Specialist Alt Doc applications received from Tuesday 15 September, and it is available for Owner Occupier and Investment loans, and both Principal & Interest and Interest-Only repayments.

This promotion follows Resimac’s rate reduction earlier this month of up to 0.22%p.a. on its Resimac Prime and Prime Flex loans, which are currently available from 2.59%p.a. (comparison rate 2.95%p.a.).

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