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95% LVR Full Doc Refinance do not allow debt consolidation, consider
refinancing your car loan home mortgage personal loans and credit cards to 90%
plus LMI, if non of your accounts in default, in arrears or showing penalty
charges for Over The Limit, we can help you. Find from our consultants what Lo
Doc products available. Consider
refinancing your car or home loan if there is an advantage to you, we mean if
there is a cost advantage, probably your current interest rate is too high, bank
charges high or you need a debt consolidation, cash out to 90% may be
considered. Higher LVR means more risk to lenders, you need to show your are a
responsible customer who has honoured previous credit contracts properly to
obtain these loans. Unfortunately most customers are too late when they consider
debt consolidation, by then a few accounts have gone to OVER THEIR LIMITS.
We can help you with your car loans. Probably you will buy a
new vehicle with better terms from us. It is important for you to maintain good
records, over the limit is considered to be a Bad Conduct by lenders.
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Documents you may need to refinance your home
loan or consolidate your loans
1) 100% ID - Copies signed by an Authorised
Person
2) Proof of ownership of home - Council Rate
Notice
3) Bank statements from 6 to 12 months for all
home loans to refinance
4) Credit Card statements or other loan
statements for 3 to 6 months for all loans subject to debt consolidation
5) Proof of Income - as it may necessary for a
Full Doc / Low Doc Mortgage
There are bad credit loans refinance as well.
Some are very short term at very high interest & charges. As you know no
major bank offer mortgages to Bad credit customers. In this situation
these high interest home loan help you to repair your credit and to
obtain better loans in the future. |
Australian home loan refinancing may help you to get better home mortgage
with less monthly repayment, you may consolidate home mortgage & car loans.
Consider home loan finance each 3 years, it may show you how much more
mortgage opportunities available to you and how much they could save you. Car
loans are the same.
How To Pay Your Mortgages Quickly - A Few Tips
Mortgage loan repayments have a few components.
1) Mortgage repayment
2) Mortgage loan interest
3) Fees & bank charges
When you pay instalment of a mortgage loan, lenders will
first set off their dues such as mortgage loan interest and
mortgage account keeping fees before set off any amounts
against mortgages. Customer take years to build mortgage equity
(net value after loan) this way.
Finding ways to reduce other components of your loan will
enable you to pay those savings towards mortgages, this helps
you build Mortgage equity.
A loan with lower interest rates will enable you to pay less
interest. Similarly you may save on fees or charges. We advise
you to use such savings to pay your loan. This strategy help
reduce your mortgages quickly.
It is sad to note that many those who find better mortgages
interest rate or a loan fee reduction do not use such savings
for capital repayment and therefore do not receive that
advantage.
Another strategy that may have helped investors is Property
Investment. Tenants pay part of loan repayment and you may
pay reduced tax to obtain similar benefit. During periods of
appreciation you may create huge wealth this way.
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Following is an example to show how you benefit from
debt consolidation.
| DEBT CONSOLIDATION LOAN
Save thousand's of $
HOW IT MAY HELP ( example only )
BEFORE :
150,000 home loan @ 9.5%
annual interest $14250
30,000 credit card @ 20.5%
annual interest $ 6150
Total annual interest cost $ 20400
AFTER :
180,000 home loan @ 10.5%
annual interest $18900
Total annual interest cost $ 18900
savings $1500 pa
READ MORE - Non conforming Loans
OUR FREE SERVICE - There are loan solutions to suit your circumstances no matter whether you have bad (poor) credit or good credit rating, investor or a owner occupied buyer (include first home). Our commitment to you is that we analyze your existing finance strategies with a view to help you with a better product, this may help you to select an appropriate loan to overcome your current difficulties. |
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