Low Doc Home Loans Oakliegh
You may have heard of low doc and alt doc home loans if you're self-employed or own a small business and don't have the required documents for a standard home loan application.
What is a Low Doc home loan?
What is an Alt Doc Home Loan?
Alt Doc home loans still require supporting documents and go through our full credit assessment criteria. However, the documents we ask for are more flexible and meet the lending standards of today. Alt Doc loans are a way for Australia's many self-employed people to get loans even if they don't meet the usual requirements or don't have the long ABN history and paperwork that some mainstream lenders want.
Mortgage Advice
This feature allows employees to include a vehicle in their remuneration package. Under a novation agreement, the lessee's duties are transferred to the employer. This arrangement lets the company pay monthly rent from the employee's wage tax-free.
What does Equity Release Mean?
Now that you've calculated the equity, the question is how you'll get your hands on it. The equity is 'released' through a top-up with your present lender or a remortgage to a different lender if they can provide a better offer for your circumstances. Both allow you to borrow against the value of your home.
The top-up option allows you to borrow more cash on top of your current mortgage, which may be completed fast. Because it is a fresh application, a remortgage to release equity (refinance) will take longer.
What can I do with an Equity Release?
Equipment Finance Solutions for All Your Business Needs
Mint Financial Solutions FAQ
We'll Secure Your Future Without Sacrificing Your Present By Helping You Plan & Achieve Your Financial Goals
Strategic financial planners that understand what is important to you, and guide getting you to where you want to be. Paying off debt, buying a house, starting a family? or a dream retirement? We can help get you there. Book your free appointment!