Low Doc Home Loans
Submitted by administrator on Sat, 10/10/2009 - 10:16am
With the changes made by most lenders now requiring a BAS for Low Doc loans, many self employed may be finding it increasingly hard to find a true Low Doc home loan.
With the Phoenix Home Loan, you have 2 options available where neither a BAS nor LMI is required:
Low Doc Plus
- Clear and credit impaired self employed applicants
- Last 3 months business bank statements
- 1 month personal bank statement
- Loan amounts up to $2M
- Up to 85% LVR
- Refinance allowed
- Cash out up to 25% of total loan amount
Low Doc
- Clear credit self employed applicants
- ABN for GST purposes registered for 2 years
- Loan amounts up to $1.75M
- Up to 85% LVR
- Refinance allowed
- Cash out up to 25% of total loan amount
Contact Ability Finance now for more information and to explore your self employed home loan options.
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