Who is Resi owned by?
Resi is the only prime non-bank lender to have a dedicated Head of Consumer Advocacy, which remains a core focus of the business. The company is still wholly Australian owned by joint managing directors Peter and Jim, who both commenced their careers in the lending sector during the 1970s.
What are resi loans?
A residential loan is a basic loan, similar to the one you get on your primary residence. The main differences are that you have to put more money (usually 25% for a loan on an investment property vs. as low as 3% for a FHA loan on a primary residence) and your interest rate will be higher.