It would be prudent for us to gather more details about your current offer. At the very least can you advise what the current balance, rate, type of property whether investment, credit history, value of security and why a low doc was recommended in the first place? If this was due to lack of financials have you got updated ones? Difficult to assess basd on the limited data provided.
Hi Atomu, When refinancing a Low Doc Loan there are multiple factors that need to be considered. Are you now able to provide Financial Statements and Tax Returns to support the application? What are you looking to achieve now, apart from the reduction of the interest rate? Thanks, Chris,
Hi Atomu, Sure. Depending on what your creditworthiness is - could do with these SPECIALS - 1. from 4.54% (comp.rate 4.78%) No risk fee up to 70% LVR 2 out of 3 income verification for 60-80% LVR. 1 out of 3 over 60% LVR - BAS or Trading Statement or Accountant's letter. Unlimited cash out - or 2. 4.89% (comp. rate 5.34%) Bus. Purposes. 2 yr ABN Int. only up to 5 years. Investment from 4.20% upto 95% LVR check my Profile page and contact me if you want these. Thank you
Are you still expecting to service only with Lo Doc ? As you may already know, Lo Doc rates are very dependent on the % being borrowed and the amount being ordered. $500k loan - 50% lending from 4.54% - 80% 5.17%. Most Lo Doc I do are with accountants letter only but there are some options that are lower % using 12 months Management Accounts confirmed via BAS.
Hi Atomu, It all depends on your current loan and circumstances but I have access to Low Doc loans as low as 4.99% variable if that interest you please do not hesitate to contact me.
Hi Atomu, i can get you a new home loan, starting from 3.69%PA if you can provide full financials and your LVR to be @ 90% including any LMI charges. if you think this applies, please dont hesitate to contact me for a full assessment and loan qualification.
Hello Atomu , at eFinance Home Loans we go through a detailed Needs Analysis to identify your objectives and ask you a number of questions on what you are looking for in a loan and how this can be the beginning steps in your wealth creation strategy . As a Self Employed person looking to finance your next property as a low doc applicant , it can be a daunting process and at eFinance Home Loans we support and guide you through those first few difficult steps . I would be more than happy to discuss what your goals and aspirations would be in your next property purchase and accommodate this with a lending facility to match . I look forward to hearing from you soon !
Hi Atomu, its important to get full understanding of your requirements, however from an interest rate perspective you have rates from 3.99% 3 years fixed or variable 4.35% from an Owner occupied low doc perspective. Lets get in touch, so I can gain a full understanding of your circumstances. thanks Anthony
Hi, Atomu, if you now have two years financials, which, are current, you may be able to get a better loan, not necessarily just a lower rate, but a loan that allows you to better manage the interest charged for the loan. Regards, Ken
Really important to get the big picture Atomu. There are some great rates for low doc loans which are guided by your own personal circumstances. It would be great to talk with you and see both what you have now and what you are hoping to achieve in the future
Hi Atomu, there are various options available. Please contact me for a discussion.
Hi Atomu, There are lots of options out there for a better rate however I would need more information from you before I could help you further. Please get in touch via my profile if you would like to know more.
Hi Atomu, I can certainly assist but would need further info to determine what loan and interest rate you qualify for. Feel free to connect with me via my profile. Regards, Bez
Hi Atomu - AFD Loans specialises in self employed finance packages - contact me for an assessment of your current situation and I can provide you with a number of options to move on with.
Hi Atomu, thanks for your question. Generally speaking, any lo-doc loans will be a higher rate of interest. It would depend if you are now able to present full financials or have been in business for the minimum 2 years which most lenders require. It would also depend on the loan to value ratio (LVR) that would occur by looking to refinance, has your house increased in value, stayed the same OR has it decreased in value? If I can help, please send me a message :)
Hi, Atom all depends on numbers. How does your income compare with your last year's income? How much do you pay yourself and so on. I'm Happy to check or you, you can find me under the broker finder All the best
Hi Atomu, what is your current rate? Is your business registered for GST purposes? I am based in Melbourne
Depends on your situation, how much you need as against to the security you have, whether its a home loan or commercial, your credit history etc. Best option would be to review what you have and then work out if its worth moving or just keeping what you have. Regards Chris
Short answer: Depends on what your current deal is... If you want I can check it out for you.
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Hi Atomu, How are you going? Can I ask you - what loan amount are you looking for? Also Is this Owner occupied or Investment? Is your Credit good? Will definitely try and get you the best deal. Just contact me via my Profile page. Thank you.