With 2020 flying by and everybody back in the swing of things, I would like to remind you of our current niches and loan options offered at Australian Financial.
Niches
Lo Doc Residential and Commercial
Lease Doc Commercial Only
SMSF Residential and Commercial
Specialist loans Residential and Commercial
Owner Occ Loans Up to 98% LVR (non-genuine savings)
Loan Options
Lo Doc Lenders
We currently have 3 Lenders offering Lo Doc products; 1 lender requiring 1 of the following for income verification & 2 lenders that require 2 of the below:
Accountants declaration, or 6 months BAS, or 6 months Business Bank Statements.
SMSF Lenders
3 Residential SMSF lenders & 2 Commercial SMSF lenders.
Maximum LVR for Residential is 80% and 70% for Commercial.
3 Lease Doc Lenders
Borrowers must have a minimum of 2 years left to run on the lease to qualify.
Specialist lenders
3 Specialist Lenders that can consider applications for cash out up to 80% LVR, self-employed applicants that have been trading for at least 6 months & applicants with minor credit impairment to discharged bankrupts.
2 Specialist Lenders that that can assist the Commercial requests as well, must be self-employed for at least 12 months.
We have 1 great option for a 98% Owner Occupied purchase with or without genuine savings.
If you have a scenario you would like to discuss please contact Russell Henshaw via email at scenarios@australianfinancial.com or give me a call.
This article was published by Australian Financial Management Group Pty Ltd ABN 82138467268 ACL 388993. GPO Box 2774 Melbourne Vic 3001. All rights reserved.