Loans under 80% loan to value ratio will not require lenders mortgage insurance. If lenders mortgage insurance needs to be taken out it can be capitalised as part of the loan or paid upfront. It is approximately 2% of the loan value. THe cost, when added to your repayment is about $50 per month for an average loann
Low Doc Rates
Interest rates start from 3.85% for home loans to 4.5% for investment loan rates. Each low doc loan is different and is evaluated on a case by case basis. Call 1300 LOAN 247. We are open 24/7.
A low doc loan requirement is that you must have had an ABN for at least a year, usually for 2 years, depending on your circumstances.
Home, Investment loans, Equity Credit
Low doc loans can be used to purchasse a home, investment property or as a line of credit against property