Lo Doc 70
Description : Designed for Self Employed
applicants who have NOT held an A.B.N for at least two years , however
they do have a valid A.B.N registered. This product is also designed for self
employed applicants wishing to only borrow a maximum L.V.R of <70%.
Applicants do not provide information on
income, assets or liabilities, but sign a declaration confirming your ability to
repay the loan,
|
Loan Amount - Minimum |
$50,000 |
|
Loan Amount – Maximum |
$1,000,000 |
|
Rate Type |
Variable |
|
Repayments |
Principal
and Interest or Interest Only
Monthly or Fortnightly or Weekly
Direct Debit or Salary Credit |
|
Lump Sum Payments |
Yes |
|
LVR – Maximum |
70% |
|
Employment |
At least one applicant must
be self employed and have a valid A.B.N registered. |
|
Loan Term |
Minimum 15
years
Maximum 30 years |
|
Redraw Available |
Yes |
|
Split Loan Available |
Yes |
|
Lenders
Mortgage Insurance |
Payable by the customer |
|
Fees |
- Monthly Fee
- Application Fee
- Settlement Fee |
$Nil
$600 (inc. valuation fee for one security)
$379.50
|
|
|