Easy Equity Plus – Low Doc
Loan purpose |
Purchase or Refinance of residential Owner Occupied or Investment security property. Other worthwhile purposes also considered.
|
Acceptable Borrowers |
Self employed or Full Time Investor borrowers. No ABN or tax returns - only a low documentation declaration of income. Suits clear credit and credit impaired borrowers. Companies & Trusts also considered
|
Loan Amounts |
$ 50,000 - $ 1 Mil (per security) |
Interest Rate
|
Variable Rate. Interest Only up to 5 yrs or Principal & Interest up to 30 yrs.
|
| Repayment Options |
Repayments are deducted from your nominated bank account monthly. Extra repayments are allowed at any time without penalty
|
Redraw Facility |
Free & unlimited – minimum of $2000 |
Acceptable Securities |
Registered 1st mortgage over your residential owner occupied or investment property. Must be larger than 50sq.m and have a separate certificate of title. Postcode sensitive
|
Portability |
Transfer your loan to other suitable security property in the event you sell your existing security property provided a simultaneous settlement occurs. Fees & charges may apply.
|
Construction |
No construction.
|
| Fees | No ongoing or application fees. Upfront costs do include a standard valuation fee. A standard legal fee, a title insurance premium and once-off completion fee is deducted from the loan facility at settlement. These costs will be outlined in your Letter of Offer. Statutory Government fees & charges apply.
|
Exit Fees |
A Deferred Establishment Fee is payable when the loan is discharged within the first 3 years from the date of settlement
|
Mortgage Insurance |
No Mortgage Insurance |
