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Non Bank Lender: 80% Low Doc Home Loan
Also suitable for Credit Impaired (Bad Credit) Applicants

Rates From 9.05% Variable, Fixed Rates available

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DOES YOUR LENDER/BROKER PROVIDE YOU WITH THIS INFORMATION?

Our Fact Sheets provide in-depth information that is generally not available from any other source (INCLUDING the Lender). They have been designed so that prospective borrowers have access to ALL of the information they need to make an informed decision regarding the suitability of the loan to meet their requirements. To properly evaluate a loan, we believe that full disclosure of the following information is critical to the decision making process:

   - What are the loan features?
   - How much will it cost to set up the loan?
   - What are the interest rate options and ongoing fees?
   - How much will it cost to discharge the loan?
   - What documents will I need to supply to apply for this loan?

DOES YOUR LENDER/BROKER PROVIDE YOU WITH THIS INFORMATION?

Features

  • FREE SERVICE - Rates, Costs and Fees are EXACTLY the same as if you had dealt with the Lender direct.
  • NO BAS STATEMENTS, BANK STATEMENTS or TAX RETURNS required.
  • Suitable for any residential loan (purchase or refinance).
  • ABN required for 6 months (GST registration required if income > $75,000). Must be self employed for at least 2 years.
  • Excluded Borrowers / Situations:
         - Will not refinance any Loan that is subject to formal Legal proceedings.
         - Will not consider undischarged Bankrupts or Borrowers in Part X arrangements.
         - Will not consider Borrowers who are Directors of companies under External Administration.
  • "Cash Out" allowed (purpose needs to be stated, but evidence not usually required) - refer matrix below.
  • PAYG Co-Applicants allowed (must provide full income proof).
  • Postcode restrictions may apply (call if outside major Town).
  • Apartment Policy:
         - Must be greater than 40 sq metres.
         - Inner City Apartments limited to 70% LVR.
         - Serviced Apartments considered (> 50sqm, 60% LVR, 40-50sqm 50% LVR).
         - High Rise (> 10 stories) Apartments considered (> 50sqm, 60% LVR, 40-50sqm 50% LVR).
  • Rural/Residential Policy:
         - For properties between 25 and 50 acres: reduce max LVR by 5% - Rate loading of 0.50% also applies.
         - For properties between 50 and 100 acres: reduce max LVR by 10% - Rate loading of 0.50% also applies.
         - For properties over 100 acres - Call.
  • Maximum loan amount in WA is limited to $500,000 per Security.
  • Land only loans are not allowed.
  • Individual Borrowers, Discretionary & Unit Trusts & Property Holding or Trading Companies.
  • Maximum loan Term - 30 years.
  • Default Policy:
         - All outstanding Defaults must be paid or paid out from Loan proceeds.
         - Telco / Utility Defaults (max of 2 totalling < $1,000) are ignored.
  • Mortgage Arrears Policy:
         - Generally, no missed/late payments in last 12 months but will consider if a few days late on 1 or 2 occassions
           (with written explanation).
  • Maximum of TWO "Splits" per Loan (more by negotiation - a fee may apply).
  • Maximum of 4 properties on 1 Title (LVR limited to 65% if more than 1 property on Title).
  • Loan is Portable (simultaneous Settlement required).
  • Funds for declared business purposes OK (not Working Capital).
  • Interest Ony: YES (up to 5 years).
  • Other: Extra Repayments allowed, Redraw available (Products 1 and 2 only).
  • No Genuine Savings requirements.
  • First Home Owners OK (Lender will process Grant on behalf of Applicant/s).
  • No Favourable Purchases Allowed.
  • Minimal documentation requirements.

    Fees

  • Approximately $1,000 which includes Valuation, Lenders Legals and Title Insurance.
  • Settlement Fees (taken from loan proceeds) - These fees cannot be capitalised (added to the Loan):
        - Products 1 and 2: 1% of loan amount (minimum $890)
        - All Others: 1.25% of loan amount (minimum $890)
  • No Lender's Mortgage Insurance or Risk Fees.
  • Ongoing Fees: $150 pa (For loans covered by the NCCP

    As of the 1st July 2010, new Credit Legislation was introduced called the "National Consumer Credit Protection Act" (the "NCCP"). If you are a Personal Borrower who borrows money for the purpose of purchasing or refinancing a residential home (whether it be owner occupied or rented out) then you ARE covered by the Legislation. If you borrow money for the purpose of purchasing or refinancing Commercial Property, then you are NOT covered by the Legislation. Similarly, if your borrow money in a Company Name to purchase or refinance ANY type of property, then you are NOT covered by the Legislation.

    ), else $350 pa.
  • Government stamp duties and other government charges may apply.
  • Discharge Fees (For loans covered by the NCCP

    As of the 1st July 2010, new Credit Legislation was introduced called the "National Consumer Credit Protection Act" (the "NCCP"). If you are a Personal Borrower who borrows money for the purpose of purchasing or refinancing a residential home (whether it be owner occupied or rented out) then you ARE covered by the Legislation. If you borrow money for the purpose of purchasing or refinancing Commercial Property, then you are NOT covered by the Legislation. Similarly, if your borrow money in a Company Name to purchase or refinance ANY type of property, then you are NOT covered by the Legislation.

    - the majority of Borrowers):
        - $765 Flat Fee plus Solicitors Costs "at cost" (total should not exceed $1,500)
  • Early Repayment/Discharge Fees (For loans NOT covered by the NCCP

    As of the 1st July 2010, new Credit Legislation was introduced called the "National Consumer Credit Protection Act" (the "NCCP"). If you are a Personal Borrower who borrows money for the purpose of purchasing or refinancing a residential home (whether it be owner occupied or rented out) then you ARE covered by the Legislation. If you borrow money for the purpose of purchasing or refinancing Commercial Property, then you are NOT covered by the Legislation. Similarly, if your borrow money in a Company Name to purchase or refinance ANY type of property, then you are NOT covered by the Legislation.

    ):
        - $1,325 Flat Fee plus Solicitors Costs "at cost" (total should not exceed $2,250)
        PLUS
        Read Carefully if this applies to you
        - If the loan is repaid (for any reason) within the first 5 years OR a Principal Reduction is accepted prior to the
          scheduled Term of the Loan, then a Fee calculated as 3 months interest calculated on the Principal reduction at the
          time of repayment will apply (minimum of $300).
  • In all cases, Break Costs may apply if a Fixed Loan is repaid during the Fixed Term.
  • If you vary your loan "post Settlement", a fee of $750 will apply (including converting from a Variable rate
        loan to a Fixed rate loan).

    Paperwork you will need to provide to apply for this Loan

    ALWAYS REQUIRED
  • A signed Income Declaration is always required.
  • An Accountants Letter is also required (we will supply). Accountant must sign off on an income figure.
        It will ask for confirmation as follows:
        - That Accountant has been your Accountant since xx/xx/xx and is your current Accountant.
        - That you have applied for a loan of $x over x years with payments of $x per month at a rate of x.xx%.
        - That you have stated an income of $x.
        - That, based on your Accountants knowledge, you can repay the loan without substantial hardship.
        - That you are a registered Tax Payer and that your Accountant assisted with most recent Tax Return.
  • JP Certified 100 point ID for each applicant (usually a Passport or Birth Certificate PLUS a Drivers Licence).
  • Full copy of Trust Deed (if applicable).
  • If reliant on rental income, current lease agreement OR recent managing agent statement OR letter from
        real estate agent is required.
  • $300 Fee to cover Valuation (non refundable) - payable by Credit Card.
    IF YOU ARE PURCHASING
  • Signed and dated Copy of the Contract of Sale.
  • Evidence that you have sufficient funds to cover the Deposit and Purchasing Costs (eg: Bank Statement).
    IF YOU ARE REFINANCING
  • Latest Rates Notice(s) on the Property(s) being offered as Security.
  • Last TWELVE months Home Loan Statements on all Loans being refinanced. Latest statement CANNOT be older than
        1 month. Some GENUINE bank statements are required (ie: cannot provide all statements as Internet printouts,
        does not matter how old genuine statements are).
    •  
    CLEAR CREDIT
         - Unlimited Credit enquiries.
         - All outstanding Defaults must be paid or paid out from Loan proceeds.
         - Telco / Utility Defaults (max of 2 totalling less than $1,000) are ignored.
         - No history of Bankruptcy.
         - No Mortgage arrears allowed.

    MINOR CREDIT IMPAIRMENT
         - Unlimited Credit enquiries.
         - All outstanding Defaults must be paid or paid out from Loan proceeds.
         - Telco / Utility Defaults (max of 2 totalling less than $1,000) are ignored.
         - Defaults paid more than 2 years ago (less than $5,000 each) are ignored.
         - 1 other Default (paid or undpaid): Max $5,000.
         - No history of Bankruptcy.
         - No Mortgage arrears allowed.

    MODERATE CREDIT IMPAIRMENT
         - Unlimited Credit enquiries.
         - All outstanding Defaults must be paid or paid out from Loan proceeds.
         - Telco / Utility Defaults (max of 2 totalling less than $1,000) are ignored.
         - Defaults paid more than 2 years ago (less than $5,000 each) are ignored.
         - 3 other Defaults (paid or undpaid): Max $15,000 in total.
         - Discharged from Bankruptcy for at least 12 months.
         - No Mortgage arrears allowed.

    SERIOUS CREDIT IMPAIRMENT
         - Unlimited Credit enquiries.
         - All outstanding Defaults must be paid or paid out from Loan proceeds.
         - Telco / Utility Defaults (max of 2 totalling less than $1,000) are ignored.
         - Defaults paid more than 2 years ago (less than $5,000 each) are ignored.
         - 4 other Defaults (paid or undpaid): Max $25,000 in total.
         - Discharged from Bankruptcy for at least 6 months.
         - No Mortgage arrears allowed.

    Product 1 - Clear Credit with ABN 12 months+ and limited Cash Out:
  • Minimum ABN period: 12 months.
  • Maximum Loan Amount: $1,000,000.
  • Maximum Loan Amount for W.A.: $500,000 (regardless of LVR).
  • Maximum LVR: 75% (70% for towns with a population of 2,001 to 7,000 as per Australian Bureau of Statistics).
  • For properties 25 acres to 50 acres, maximum LVR is 70%.
  • For properties 50 acres to 100 acres, maximum LVR is 65%.
  • Inner City Securities limited to 70% LVR.
  • Serviced Apartments considered > 50 sqm - 60% LVR, 40-50sqm, 50% LVR.
  • High Rise Apartments (over 10 stories) considered > 50 sqm - 60% LVR, 40-50sqm, 50% LVR.
  • Maximum Loan Term: 30 Years.
  • Interest Only: Up to 5 Years.
  • Interest Rate Type: Variable or 1-3 Years Fixed.
  • Redraw Available: Yes.
  • Cash Out: Limited to 10% of Refinanced Amount.
  • Interest Rates (Variable):
         - 60.00% LVR and less: 9.05%
         - 60.01% to 65.00% LVR: 9.15%
         - 65.01% to 70.00% LVR: 9.25%
         - 70.01% to 75.00% LVR: 9.35%
         - 75.01% to 80.00% LVR: 9.45% --->
         - Add 0.50% if property is over 25 acres
  • Interest Rates (Fixed):
         - 1 Year: 9.79%
         - 2 Years: 10.19%
         - 3 Years: 10.49%

    • Product 2 - Minor Credit Impairment with ABN 12 months+ and limited Cash Out:
  • Minimum ABN period: 12 months.
  • Maximum Loan Amount: $1,000,000.
  • Maximum Loan Amount for W.A.: $500,000 (regardless of LVR).
  • Maximum LVR: 75% (70% for towns with a population of 2,001 to 7,000 as per Australian Bureau of Statistics).
  • For properties 25 acres to 50 acres, maximum LVR is 70%.
  • For properties 50 acres to 100 acres, maximum LVR is 65%.
  • Inner City Securities limited to 70% LVR.
  • Serviced Apartments considered > 50 sqm - 60% LVR, 40-50sqm, 50% LVR.
  • High Rise Apartments (over 10 stories) considered > 50 sqm - 60% LVR, 40-50sqm, 50% LVR.
  • Maximum Loan Term: 30 Years.
  • Interest Only: Up to 5 Years.
  • Interest Rate Type: Variable or 1-3 Years Fixed.
  • Redraw Available: Yes.
  • Cash Out: Limited to 10% of Refinanced Amount.
  • Interest Rates (Variable):
         - 60.00% LVR and less: 9.15%
         - 60.01% to 65.00% LVR: 9.25%
         - 65.01% to 70.00% LVR: 9.35%
         - 70.01% to 75.00% LVR: 9.45%
         - Add 0.50% if property is over 25 acres
  • Interest Rates (Fixed):
         - 1 Year: 10.29%
         - 2 Years: 10.69%
         - 3 Years: 10.99%

    • Product 3 - Moderate Credit Impairment with ABN 6 months+ and limited Cash Out:
  • Minimum ABN period: 6 months.
  • Maximum Loan Amount: $1,000,000.
  • Maximum Loan Amount for W.A.: $500,000 (regardless of LVR).
  • Maximum LVR: 75% (70% for towns with a population of 2,001 to 7,000 as per Australian Bureau of Statistics).
  • For properties 25 acres to 50 acres, maximum LVR is 70%.
  • For properties 50 acres to 100 acres, maximum LVR is 65%.
  • Inner City Securities limited to 70% LVR.
  • Serviced Apartments considered > 50 sqm - 60% LVR, 40-50sqm, 50% LVR.
  • High Rise Apartments (over 10 stories) considered > 50 sqm - 60% LVR, 40-50sqm, 50% LVR.
  • Maximum Loan Term: 2 Years (Option to renew for a further Term if Account Conduct satisfactory to Lender).
  • Interest Only: Up to 2 Years.
  • Interest Rate Type: Variable only.
  • Redraw Available: No.
  • Cash Out: Limited to 10% of Refinanced Amount.
  • Interest Rates (Variable):
         - 60.00% LVR and less: 9.50%
         - 60.01% to 65.00% LVR: 9.60%
         - 65.01% to 70.00% LVR: 9.70%
         - 70.01% to 75.00% LVR: 9.80%
         - Add 0.50% if property is over 25 acres

    • Product 4: - Serious Credit Impairment with ABN 6 months+ and limited Cash Out
  • Minimum ABN period: 6 months.
  • Maximum Loan Amount: $1,000,000.
  • Maximum Loan Amount for W.A.: $500,000 (regardless of LVR).
  • Maximum LVR: 70%.
  • For properties 25 acres to 50 acres, maximum LVR is 65%.
  • For properties 50 acres to 100 acres, maximum LVR is 60%.
  • Serviced Apartments considered > 50 sqm - 60% LVR, 40-50sqm, 50% LVR.
  • High Rise Apartments (over 10 stories) considered > 50 sqm - 60% LVR, 40-50sqm, 50% LVR.
  • Maximum Loan Term: 2 Years (Option to renew for a further Term if Account Conduct satisfactory to Lender).
  • Interest Only: Up to 2 Years.
  • Interest Rate Type: Variable only.
  • Redraw Available: No.
  • Cash Out: Limited to 10% of Refinanced Amount.
  • Interest Rates (Variable):
         - 60.00% LVR and less: 9.85%
         - 60.01% to 65.00% LVR: 9.95%
         - 65.01% to 70.00% LVR: 10.05%
         - Add 0.50% if property is over 25 acres

    • Product 5 - Clear Credit with ABN 12 months+ and unlimited Cash Out:
  • Minimum ABN period: 12 months.
  • Maximum Loan Amount: $1,000,000 (up to 65% LVR), $750,000 (65.01% to 70% LVR).
  • Maximum Loan Amount for W.A.: $500,000 (regardless of LVR).
  • Maximum LVR: 70%.
  • For properties 25 acres to 50 acres, maximum LVR is 65%.
  • For properties 50 acres to 100 acres, maximum LVR is 60%.
  • Serviced Apartments considered > 50 sqm - 60% LVR, 40-50sqm, 50% LVR.
  • High Rise Apartments (over 10 stories) considered > 50 sqm - 60% LVR, 40-50sqm, 50% LVR.
  • Maximum Loan Term: 2 Years (Option to renew for a further Term if Account Conduct satisfactory to Lender).
  • Interest Only: Up to 2 Years.
  • Interest Rate Type: Variable only.
  • Redraw Available: No.
  • Cash Out: Unlimited.

  • Interest Rates (Variable):
         - 60.00% LVR and less: 9.05%
         - 60.01% to 65.00% LVR: 9.15%
         - 65.01% to 70.00% LVR: 9.25%
         - Add 0.50% if property is over 25 acres

    • Product 6 - Minor Credit Impairment with ABN 12 months+ and unlimited Cash Out:
  • Minimum ABN period: 12 months.
  • Maximum Loan Amount: $1,000,000 (up to 65% LVR), $750,000 (65.01% to 70% LVR).
  • Maximum Loan Amount for W.A.: $500,000 (regardless of LVR).
  • Maximum LVR: 70%.
  • For properties 25 acres to 50 acres, maximum LVR is 65%.
  • For properties 50 acres to 100 acres, maximum LVR is 60%.
  • Serviced Apartments considered > 50 sqm - 60% LVR, 40-50sqm, 50% LVR.
  • High Rise Apartments (over 10 stories) considered > 50 sqm - 60% LVR, 40-50sqm, 50% LVR.
  • Maximum Loan Term: 2 Years (Option to renew for a further Term if Account Conduct satisfactory to Lender).
  • Interest Only: Up to 2 Years.
  • Interest Rate Type: Variable only.
  • Redraw Available: No.
  • Cash Out: Unlimited.
  • Interest Rates (Variable):
         - 60.00% LVR and less: 9.15%
         - 60.01% to 65.00% LVR: 9.25%
         - 65.01% to 70.00% LVR: 9.35%
         - Add 0.50% if property is over 25 acres

    • Product 7 - Moderate Credit Impairment with ABN 6 months+ and unlimited Cash Out:
  • Minimum ABN period: 6 months.
  • Maximum Loan Amount: $1,000,000 (up to 65% LVR), $750,000 (65.01% to 70% LVR).
  • Maximum Loan Amount for W.A.: $500,000 (regardless of LVR).
  • Maximum LVR: 70%.
  • For properties 25 acres to 50 acres, maximum LVR is 65%.
  • For properties 50 acres to 100 acres, maximum LVR is 60%.
  • Serviced Apartments considered > 50 sqm - 60% LVR, 40-50sqm, 50% LVR.
  • High Rise Apartments (over 10 stories) considered > 50 sqm - 60% LVR, 40-50sqm, 50% LVR.
  • Maximum Loan Term: 2 Years (Option to renew for a further Term if Account Conduct satisfactory to Lender).
  • Interest Only: Up to 2 Years.
  • Interest Rate Type: Variable only.
  • Redraw Available: No.
  • Cash Out: Unlimited.
  • Interest Rates (Variable):
         - 60.00% LVR and less: 9.50%
         - 60.01% to 65.00% LVR: 9.60%
         - 65.01% to 70.00% LVR: 9.70%
         - Add 0.50% if property is over 25 acres

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    		60% LOW DOC LOANS

    BANK LOAN - 6.80% Variable (option to transfer to 6.60%+ after 2 years of good repayment conduct (rate could vary upwards by as much as 0.20% depending on amount borrowed and LVR)

    BANK LOAN - Loans $500,000+: 6.54% to 75% LVR, 6.69% 75.01% to 80% LVR
    Loans $250,000 to $499,999: 6.59% to 75% LVR, 6.69% 75.01% to 80% LVR
    Loans to $250,000: 6.84% to 75% LVR, 6.94% 75.01% to 80% LVR

    NON BANK LOAN - Max 60% LVR: 6.83% Variable (6.73% Variable for loans $500,000+)

    BANK LOAN - 6.56% Variable for loans > $250,000 and lodged by 29 Feb 2012 - else 6.66%

    BANK LOAN - 6.90% Variable for LVR's over 60% (Rates from 6.71% if LVR is 60% or under)

    BANK LOAN - Rates From 6.76% Variable, Fixed Rates available (1-5 Years)

    BANK LOAN - 7.70% Variable

    BANK LOAN - 7.74% Variable, Fixed Rates available (1-5 Years)

    NON BANK LOAN - Rates From 8.65% Variable

    NON BANK LOAN - Rates From 8.59% Variable

    NON BANK LOAN - Rates From 9.05% Variable, Fixed Rates available

    		80% LOW DOC LOANS

    BANK LOAN - 7.30% Variable (option to transfer to 6.60%+ after 2 years of good repayment conduct (rate could vary upwards by as much as 0.20% depending on amount borrowed and LVR)

    BANK LOAN - Rates From 6.76% Variable, Fixed Rates available (1-5 Years)

    BANK LOAN - 6.90% Variable for LVR's over 60% (Rates from 6.71% if LVR is 60% or under)

    NON BANK LOAN - 60.01% to 80% LVR: 7.08% Variable (6.98% Variable for loans $500,000+)

    BANK LOAN - 7.74% Variable, Fixed Rates available (1-5 Years)

    NON BANK LOAN - Rates From 8.65% Variable

    NON BANK LOAN - Rates From 8.59% Variable

    NON BANK LOAN - Rates From 9.05% Variable, Fixed Rates available

    		COMMERCIAL LOW DOC LOANS

    BANK LOAN - Rates From 8.69% Variable, 7.79% Fixed 1 Year

    NON BANK LOAN - Rates From 9.20% Variable, Fixed also available (call for current rates)

    RESIDENTIAL AND COMMERCIAL CONSTRUCTION LOW DOC LOANS FOR DEVELOPERS

    NON BANK LOAN - Rates From 10.20% Variable