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Applicant type
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Individuals, Companies & Trusts.
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Employment requirements
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P.A.Y.G. must be employed for one year
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Income: required proofs
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Payslips, group certificates or employer letter. Self-employed, two years tax returns.
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Loan amounts minimum
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From $50,000
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Specialised Securities
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Some common types of specialized residential securities include;
- Company title property
- Multiple units on one title
- Studio apartments / 1 bed-sitter
- Inner City High Rise Apartments
- Managed Apartments
- Serviced Apartments
- Retirement units / over 50’s villages
- Hotel / Motel Conversions
- Warehouse Conversions
- Heritage Listed
- Holiday Rental
- Community Title
- Display Homes
- Resort Complex
- Over 55's Units
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* Minor Credit Issues
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Prime Loans are available up to 90% LVR to $650,000 for minor paid credit issues only with good explanation
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** Major Credit related issues Maximum LVR on major credit impaired loans is 80 > 90% of property value and is post code specific
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Paid or unpaid defaults or Judgements up to $1,000 ignored
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Paid or Unpaid Defaults or Judgements over 2 years ignored (any amount)
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Unlimited credit enquiries allowed
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Discharged Bankruptcy over 1 day considered - No undischarged bankrupts considered
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*** Recovery Loan to 75% LVR of property value and is post code specific - not available in Low Doc
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Variable, fixed or both
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Both
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P&I, I/O, or both
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Both
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Rate:
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Interest rate are dependant on level of credit impairment, location and lvr
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Lenders mortgage Insurance
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Not required (however a risk fee is often payable)
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If you wish to proceed, then we will help you to complete all the necessary paperwork and liaise with the lender on your behalf. This will include the completion and submission of your home loan application and the on-going communication between all parties until your home purchase is settled
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