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HOME MORTGAGE LOANS, CAR LOAN VEHICLE
LEASE & EQUIPMENT LEASING
Low doc mortgages - a home loan based on
self certified income documentation to prove your financial ability to service a
loan. You need a registered ABN to obtain these loans. Lenders require other
documentary proof as well.
Similarly with self certified income you
can obtain a car loan or arrange an auto lease. A low doc may need high equity
than full doc to support your claim. Lender as to be satisfied with your ability
to repay before these vehicle loans are approved.
All of the above
require no bas or trading bank statements for clear credit and all current loan
statements clear. ABN & GST registered for a minimum 2 years. Comparison rates
above are based on $500,000 loan size. Lenders fees, terms & conditions apply.
The rates quoted in this publication are subject to change without notice.
If you are self employed and have a
registered ABN, you can obtain Low Doc Loans - home loan, commercial mortgage or
a car finance with self certified income. Some lenders may ask for BAS or your
last 6 months bank statements. We aim to offer you higher LVR and or cheap
interest rates that prevail in the market, Contact Experts Today.
Most lo doc mortgage loans up to 60% loan
to value ratio are without mortgage insurance. You may obtain 80% LVR mortgages
with LMI. 85% loan value ratio loans are offered by non conforming lenders, only
a few available in the market.
| A true low doc 85% mortgages are
for those customers who have 2 years ABN registration and self
certification of income. Mortgage of this nature has higher risk,
lenders cover that with a risk fee. Other conditions attached may
include high Exit Fee/Charges. |
Low deposit home loans - Many find it
difficult to save sufficient money to begin there Aussie Dream. They
want to buy a house quickly as possible. There are full doc mortgages
from 5% deposit. You need to find LMI around 3% and stamp duty or fees
another 1% more. Similar lo doc loan will require 20% deposit plus. |
There are lender considering 1 day ABN
to offer your mortgage. LVR offered is 60% based on asset
valuation. These Home Loans do not require BAS or supporting
bank statements. |
A loan going through a Mortgage Insurer
mostly require 6 months BAS and business bank statements to
justify your loan. May be another non conforming lender will
consider your home loan outside this criteria for a RISK FEE,
Contact Experts Today.
Basically a loan is approved to you based
on the strength of your application. Documentary proof is
required to do so. We believe our lenders have best loans for
you.
Main categories of proof documents
1) 100% ID
2) Proof of income sufficient to repay
loan - At least a self certified income details & may be BAS and
Bank Statements
3) Proof of security offered
4) Supporting documents for other
Liabilities
5) Explanation of other events
material to your application
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A self employed for this purpose is
defined as a person registered for GST purposes and who holds an
ABN (Australian Business Number), most lenders need ABN for 2
years although there are lenders who may offer you a loan just
with 1 day old ABN at lower LVR.
We help you to obtain Low Doc Home Loans. |
Low interest rates does not mean cheapest
home loan. Sometimes they have high fees & charges. Please
compare all of these together to decide which mortgages are
cheap. Sometimes comparison rates might help you selecting best
mortgage loans. |
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