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Self certified income low doc mortgages need either BAS Accountants Letter or Bank Statements to prove income. A refinance to 85% cost you more than 70%. No LMI products need less documents. Full doc mortgage 95 plus possible.

A home loan approved based on an application supported by all documentary proof is a Full Doc Mortgage. 2 years tax return returns, last 3 pay slips and a letter from employer as to your service contract will prove your income. Lenders will be happy to offer you loans when full documentary is available. You also have access to many mortgages then, eventually this could result lowest interest rates and least cost. Please read below to identify other documents needed for these products.

Full Doc 95% LOANS

There are mortgages up to 80% LVR without mortgage insurance. Since home loan simply based on lender criteria, it is easy to get approval for these loans.

Above 80% there are no LMI products. There is a risk fee instead. You may find up to 90% home loans this basis. Advantage is that NO Mortgage Insurer. Your loan is approved by the lender only and therefore a greater chance of success to obtain mortgages.

Home loans above 80% up to 95% are available with LMI. Lender and insurer both have to approve mortgages, risk of getting loan approved is twice. Mortgage insurance at 95% will be closer to 3% of your loan amount.

When you tell us how much savings you have, we will tell you best way to obtain your home loan. Our suggestions will be based on cost savings. Some mortgages need genuine savings, saved money in your bank account at least 3 months. Mortgage loans with non genuine savings could be expensive.

Owner occupied and investment mortgage loans with 95% LVR are available with our lenders. A home loan refinance is also possible, no cash out.  Debt consolidation is allowed only up to 90%.

Full doc bad credit mortgage loans are available to 85% LVR. Non conforming lender home loan products are expensive. Minor Telco defaults does not matter. 90% mortgages with many defaults will have very high interest rates, fees or charges.

There are 100% loan solutions to first home buyers if you can prove high financial stability. These mortgage lenders help you with alternative strategies and may cost you more. 110% mortgages as family pledge loans are possible alternatives to above.

Refinance loans will rely on your past loan repayment history. Any other valid document for other type of income.

Defaults & Bad Credit (if applicable) Confirm in writing what has been recorded and current status of default.

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WE  CAN GET YOU ADVERTISED LOWEST RATE LOANS, IF THAT IS WHAT YOU WANT

 
List of supporting documents required to support your home loan

� (originals for each applicant is required for verification & authentication)

Proof of Identity - one document out of the 3 listed below

a) Copy of Citizen Ship Certificate

b) Copy of valid residency status in Australia and passport

c) Copy of Australian Drivers License

Proof of residency

a) Copy of Medicare Card / Credit Card

b) Proof of residency address

� copy of recent Gas / Electricity bill etc, sent to the current address

Proof of Income

a) 2 years tax return

in addition 3 Pay slips each covering 3 consecutive pay periods not older than 6 weeks that has Year To Date earnings & letter from employer confirming length of employment

Proof of Security

a) Contract for sale exchange with title search (dated & signed by Vendor) for a new purchase

b) Last 12 months bank statements with last Council Rate Notice for a refinance (each property)

c) Real Estate agent confirmation of proposed rental

Confirmation of Savings/Assets/Liabilities

Copies of bank statements (6 months) confirming genuine savings for a new loan. Also a copy of redundancy payment details or any other relevant papers, if lump-sum income received.

*Bank requirements are different from one to another. We will let you know if we need any further documentation when we come to lodge your application.

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