|
Applicant type
|
Individuals, Trusts. |
|
Employment
requirements |
P.A.Y.G. is O.K.
Self-employed must be for one year |
|
Income: required
proofs |
Payslips, group
certificates or employer letter.
Self-employed, two years tax returns. |
|
Loan amounts minimum
& maximum |
$100k to $750,000 |
|
Purpose
|
Specialised Securities
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
|
|
*
Minor Credit Issues |
Prime Loans
are available up to 90% LVR to $650,000
for minor credit issues only
Telco/Utility defaults ignored 1 up to
$500 |
|
** Major Credit related
issues |
-
Paid or unpaid
defaults or Judgements up to $1,000
ignored
-
Paid
or Unpaid Defaults or
Judgements over 2 years ignored (any
amount)
-
Unlimited credit enquiries allowed
No undischarged bankrupts
Maximum LVR on credit
impaired loans is
90% of property value
|
|
Coded, non-coded, or
either |
Either |
|
Variable, fixed or
both |
Both |
|
P&I, I/O, or both
|
Both |
|
|
Final LVR &
Interest rate are dependant on location |
|
Lenders mortgage Insurance |
Not required
on loans below 80% LVR |
|
 |
Important
Information:
Some email filters will send
form confirmation links
directly to your junk mail
box. If you can not find a
reply confirmation in your
inbox please check in your
junk mail. |
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
|
Compare
Home Loans
