Home and Business Loan Update 14 February

A non major bank has a special offer with good basic variable rates for home and business loans starting at 6.95% for a loan of up to 70% of the value of property offered as security. For a lending ratio of 81% to 90% the rate is 7.32% which is comparable with your major lenders. Features of this loan include no restrictions on the amount of cash out on loans up to $1 Mil and up to 90% loan ratio. They also lend for business purposes at residential rates and the borrower can be a company or a trust. Overseas borrowers are also considered.

There is a limited time on this offer so if you are interested it is suggested you act today.

SELF EMPLOYED and would like to purchase or upgrade you home but do not have your financials ready and have not been in business for three years. Low doc loans in their old format no longer exist and lenders are coming out with new policies to meet responsible lending requirements for borrowers who fall within this category. Expect to see "Alternative Income Vertification" loans or words to that effect. Some requirements will be that you have been ABN registered for 2 years, GST registered for 12 months, be able to provide BAS statements and minimum 6 months business banking statements.

FIRST HOME BUYERS - Are you having trouble meeting "genuine savings requirements" of the major lenders? If so give me a call. 

As long as you have proof that you have the funds (including First Home Owners Grant) to finalise the sale I have a well respected bank who will lend you up to 95% of the value of the property plus capitalise the lenders mortgage insurance. This lender also has a special going ending 29th April 2011 with 0.20% discount off their standard Back to Basics variable rate and no establishment fee.

EQUIPMENT FINANCE - Your time is valuable and my service to you is that I will come to you at a time and place to suit you to discuss your finance requirements. We can discuss what you need and what loans there are available and which lenders policy may suit your current financial position. If time permits I can also provide a free credit assessment on your current borrowing and how they may affect any future needs to borrow or undertake and action which will improve your financial structure.