Full Doc Residential Loan Facilities

Who is this for?
Residential loans we settle are Non-NCCP

LVR:
Up to 80% LVR – as we do not facilitate loans that require LMI

Maximum Loan Amount:
$2,000,000 @ 80% LVR
$5,000,000 @ 75% LVR
$25,000,000 @ 70% LVR

Terms:
Up to 30 year loan terms for Investment and Owner Occupied

Rates From:
6.99%p.a.

Zoning:
Residential and Rural Residential (up to 100 acres)  Security Properties

Geographical Limitations to:
The Eastern Seaboard of Australia risk category 1&2 only

Borrowing Entities:
Individuals, Companies and Trusts

Purpose:
Purchase / Refinance / Consolidation / Equity Takeout or Any Worthwhile Purpose

Servicing Requirements:
Last 2 years Personal and Business Financial Statements, Tax Returns and Assessment Notices
6 months business and personal bank statements & 6 months statements for any other credit facilities

Clawbacks:
Not Applicable as no trailer income is paid

Credit Impairments:
On a case-by-case basis

Lenders Settlement:
From $1000 at settlement

Union Fidelity:
1.1% from settlement.
0.1% of loan amount Processing Fee. (min $1050)

Introducing Broker:
1.1% from settlement

Valuations:
Valuations are usually instructed from Corelogic on a cost basis.
All valuations will be undertaken on the basis that the property is readily salable within a 6 month period.

Unacceptable Securities
Vacant Land, Land Banks, Construction, Petrol Stations and Service Centres, Contaminated Sites, Schools, Places of Worship or Religious Connotations, Childcare Centres, Hotels, Marinas, Nursing Homes, Boarding Houses, Clubs, Subdivisions

Legal Fees
Std Fees From $695 with no existing mortgage

Risk Fees:
Nil

Early Repayments:
Yes at No Cost