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Lo Doc

Try the resi Lo Doc Home Loans

At resi, we recognise that owning your own business often means that your resources are tied up in your business and you may not have the amount of paperwork that's normally required to apply for a home loan; in fact our mortgage specialists are all self-employed business owners, so they understand the hurdles that can sometimes appear. Lo Doc Home Loans can be the ideal solution.

Lo Doc Home Loans from resi are specially designed to help self-employed people turn their dreams into reality.

Product Details

Key Features

Loan Purpose: To purchase or refinance an owner occupied or investment residential property. Debt consolidation. Interest Only loans incur a 0.29% loading.
Borrower Type: Available to borrowers who are self-employed >2 years and are unable to provide extensive financial statements or tax returns.
Loan Term: 30 Years
Minimum Loan Amount: $30,000
Maximum Loan Amount: $1,000,000
Maximum LVR: 80%
Mortgage Insurance: $0 for any loan amount when the LVR is less than 60%. Otherwise payable by borrower.
Mortgage Insurance Capitalisation: Yes, you can add the cost of mortgage insurance to your loan rather than having to pay it upfront.
Interest Calculation Calculated on the daily balance and debited monthly in arrears.

Other Features

Extra Repayments true
Redraw Facility Yes
Repayment Frequency Weekly, fortnightly or monthly.
Internet & Phone Banking No
Debit Card Yes
Interest Only Period Yes, up to 10 years. Minimise your repayments and free up cash by paying interest only.
Suitable for Overseas Borrowers: No
Suitable for Self Employed:
Additional Information: Principal borrower must be self employed for at least 2 years. Loans over $500,000 receive a 0.10% discount


Establishment Fees $0
Ongoing Fees None
Valuation Fees $264
Discharge Fees $295
Lenders Legal Fees $385
Early Repayment Fees None
Redraw Fees Not Applicable

What you need to know:
Terms and conditions, fees and charges, normal lending criteria apply. Details available on request.

Comparison rates are based on a loan of $150,000 over 25 years.

Warning: The comparison rate is true only for the example or examples given and may not include all fees and charges. Different terms, fees or other loan amounts may result in a different comparison rate. A comparison rate schedule can be found on our website.

When considering which is the best home loan for you, mortgage rates are indeed important but you also need to look at your overall situation and what flexibility you need as well as any related fees initial or ongoing fees.