Important information

Please be aware of the following;

  • As a blog style website there can be a lot of historical content contained within this website that is out of date and no longer applicable. This content must only be used for historical reference purposes.
  • Ability Finance, through choice, no longer represent some lenders who may be historically referred to within this website.
  • At present we are only prepared to discuss financial products for consumers with customers we are able to personally meet with on a face to face basis.
  • No information or content contained on this site should be relied on as being current.
  • No content contained within this site should be taken as advice in any way at all.

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.