The ResCom Standard Home Loan
This loan is the most common form of borrowing for the purchase of residential owner occupied and investment properties, refinance of an existing home or investment loan or to gear up for investment purposes.
It has a wide range of features to assist you to reduce your interest payments, make additional repayments (without penalty) and to enable you to pay off your home loan quicker. You have the ability to have your salary (or rental income) credited directly to your loan and we can also attach a ResCom MasterCard or ResCom Chequebook to your home loan for maximum benefit.
The ResCom Fastdoc (No Financials) Loan
This is an alternative for self employed applicants who are unable to provide certain financial documentation (ie. current business financials or tax returns) to confirm their income details.
Applicants are required to provide a declaration of income and affordability and must meet standard lending guidelines.
The ResCom Line of Credit Loan
This operates in a similar fashion to an overdraft facility but at a much lower interest rate. It allows a client to drawdown an amount of funds up to an approved limit and use it as a revolving line of credit with no principal repayments necessary during the loan term.
This type of loan can especially be utilised for investment purposes ie. to purchase shares or additional property.
The ResCom Construction Loan
Offers finance to clients who wish to construct a residential property for either owner occupation or investment.
The loan is advanced on a cost to complete basis with progress payments made to the builder. The cost to complete the property is retained by ResCom at all times during the construction period. Clients only pay interest on the amount they have actually drawndown.
The ResCom Commercial Loan
We offer a number of alternatives for commercial funding.
Investment, Purchase, Refinance, Construction and Joint Venture Projects can be considered.
We are able to fund up to 75% Loan to Value ratio on a 1st Mortgage and up to 80% Loan to Value ratio on a 2nd Mortgage.