AMP - Low Doc Loans
Main features for home and investment lo doc loans...
| Company |
|
| Interest Rates | Enquire Here - higher low doc rates apply |
| Products Available | Variable, fixed, line of credit, construction and interest only options |
| Maximum Lend Amount Per Property | $1 million metropolitan and $750K regional |
| Maximum Exposure Per Borrower | $2.5 million |
| ABN Required | 2 years minimum |
| GST Required | Yes minimum of 12 months |
| BAS Statements | Less than 60% LVR - No; Greater than 60% LVR - Yes 12 months |
| Purchases | Up to 80% of the properties value |
| Refinance Available | Less than 60% LVR - Yes; Greater than 60% LVR - Yes owner occupier only |
| Cash Out | No |
| Construction | No |
| No Doc | Not available |
| PAYG Employed Borrowers | No |
| FEES | |
| Upfront Fees | Product selected |
| Ongoing Fees | Product selected |
| Early Exit Fees | Product selected |
| Discharge of Mortgage Fees | Product selected |
Notes
This product will appeal to customers that
experience uneven cash flows, have difficulty in separating their
personal and business cash flows or who don’t have up to date financial
statements.
Primary borrower must be self-employed for a
minimum of 2 years, holding a valid ABN for at least 2 years. At least
one borrower must be registered for GST for a minimum of 12 months in
all instances regardless of income declared. Co-borrower can be PAYG.
Tax Returns are required to demonstrate additional income for serviceability purposes. (Income such as overtime, commissions, bonus, casual and contract), a minimum one year's Tax Assessment Notice is to be supplied and 2 year's group certificates and / or tax returns.
Secured by residential property.
Back to Low Doc Loans
Need Help Finding the Right Low Doc Loan...
• 80% LVR (Loan to Value Ratio) home loans and investment loans at full doc loan rates
• No BAS statements required for lo docs loans up to 80% LVR
• Low doc loans for PAYG (employed) borrowers up to 60% of the properties value. No ABN required
• Low doc loans with 6 months to 2 years ABN and GST registration
• Refinances up to 80% LVR with
• Cash out with no BAS required
• Credit impaired low doc loans
• No doc loans
• Many more options and hundreds of loans available
Simply click the link below or call 1300 726 136 to have all your mortgage questions answered
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