Loc Doc and Equity Releases

Looking for Loc Doc and Equity Releases solutions in Oakleigh?

Look no further than Mint Financial Solutions. We offer straightforward accounting, taxation, and bookkeeping services that will you make smart decisions with your money. We are experts in our field, and take the time to understand your needs, constraints, and values so you can achieve financial security.

  • Loc Doc Loans

  • Alt Doc Loans

  • Equity Release

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Loc 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?

The term "low documentation" (or "Low-Doc") home loan can mean different things to different lenders. Before the 2008 Global Financial Crisis (GFC), this term was often used to describe a mortgage that required less information than a "standard" home loan to show that the borrower could pay back the loan. After the GFC, the National Consumer Credit Protection Act was passed. This law found that Low Doc Loans didn't meet the lending standards, so they were no longer available to consumers.

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.

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Reverse mortgages

A reverse mortgage is like a regular home loan, but it's made for people who are retired. It can let you get the equity out of your home without having to sell it, which can help you have a better retirement.

Importantly, reverse mortgages are governed by the National Consumer Credit Protection Act (NCCP). This means that there are a number of protections and safeguards in place for borrowers, such as the right to live in the home for life and a guarantee that there will be no negative equity. You may also be able to get an Equity Protection Option if you have these protections. This gives you even more security and peace of mind.

The fact that you can change the loan to fit your needs in retirement is one of the best things about a reverse mortgage. There are many ways to draw down.

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?

Once you've collected equity, it's a good idea to know what you might be able to do with it. Equity release loans are permitted by lenders for specific purposes. Acceptable purposes include

You must clarify with the lender that the objective of your equity release is acceptable. We have a good relationship with our lenders at Mint Financial Solutions, and we can work with you to ascertain this.

Using Equity in Your Home

If you own a property, whether it's your own home or an investment property, you probably have some equity. Now, you can use this equity to help you buy an investment property, make repairs, or do other things.

Equipment Finance Solutions for All Your Business Needs

Equipment finance includes loans for a wide range of things used at work, such as vehicles, computers, hand tools, and machinery. The goal is to keep you running smoothly even though your needs have grown.

Your area of expertise is figuring out what equipment to buy that will help you better meet the needs of your market. Our expertise, on the other hand, is being able to give a clear picture of the current factors that make financing work.

Mint Financial Solutions has a team of experts who can help you find the best equipment finance in Oakleigh and all over Melbourne. In a competitive market, it's important to be able to pay for things quickly and easily.

Whether you're looking for vehicle equipment financing or money for something else important, the first step is to figure out what you can afford to pay back and when.

Brands we partner & work with

See what our clients say about our Financial, Accounting & Lending services

Nash Nwz
Nash Nwz
09:31 20 May 22
Hishan and team were great to deal with. They provided us with a thorough review of our options and got us the best deal for our situation making the whole process simple and easy. I highly recommend their services.
Anne Gartshore
Anne Gartshore
01:08 25 Mar 22
We have been dealing with Hishan and his team for over a year now with our superannuation and planning advice. Very happy with the path that they recommended to us and the performance in the past year, especially during such a trying time globally. Would not hesitate to recommend.
Babak Bozorgy
Babak Bozorgy
21:09 12 Oct 21
Professional service, friendly and quick to respond. Highly recommended!Thanks guys, keep up the good work!
Tom Sharp
Tom Sharp
05:06 07 Oct 21
A million thanks to Mint Financial Solutions in resolving the issues withCentrelink having cancelled the Age Pension Payment and Benefits for over 15+ weeks, actually last payment was early June. Next Payment received 4th October due to the professionalism at Mint Financial Solutions. Thanks to the Team at MFS from Rhonda & Tom Sharp : it good to know that MFS know how to do it better than any.
Mike oppedisano
Mike oppedisano
07:07 21 Aug 21
We have been clients of Mint Financial Solutions for the last twelve months; The team is very professional and friendly in their approach to us the customer, with lots of knowledge and experience. They helped us make an informed decision with our investment. At that time, we were not sure what we were going to do with our money.The plan laid out by Hishan and his team clearly set goals and rewards. These have been proven and very beneficial over the last twelve months. The growth was even more than what was predicted.We are especially happy with Hishan, Marlon and the rest of the Mint Financial Solutions team and very grateful for their help. More people should be made aware of the expertise and assistance they could provide.
Wolfgang Doehnert
Wolfgang Doehnert
03:51 18 Aug 21
In the 12 months this Company was engaged to continue as our financial advisors we have been extremely satisfied with their performance financially and in quality of service. Our unusual needs and fast response was met. The team and I say team because if someone is away there has always been another person to actively respond in a timely manner. Well done to the frontline staff and in particular, the back office staff, for their help and support during these COVID times.
Nishan Joseph
Nishan Joseph
01:16 22 Apr 21
I have been using the services of Mint Financial Solutions since its inception, and I am truly grateful and appreciative of the professionalism and care they take when recommending services to me, only providing what is reasonable and relevant to my situation and circumstances. A key stand out on the team is Crystal Nguyen who has been helping me over the last few years in order to get approved for a refinance application. Her patience, dedication and level of professionalism is beyond remarkable, I am extremely appreciative of the hard work she has put in for my case, despite many setbacks we finally got there in the end. Thank you very much Crystal.
Kaye Baynes
Kaye Baynes
07:38 10 Mar 21
Hishan and his team have always given the best service and advice always available and nothing is to much trouble .
Ramesh Navaratne
Ramesh Navaratne
22:55 27 Jan 20
I started a conversation with Marlon at Mint Financial services over 8 years back and since then he had assisted me in many insurance related and investment related transitions. The advice and the systems put in place by Marlon and the team came in handy when about two years back I had a health and financial issue in the family. Am I glad that he prepared me and gave me the correct advice at that time and if not for Marlon and the team I cannot imagine the sate of my family given commercial stability defines all other day to day problems that you need to deal with. Wish the team all the best and can recommend them highly of the professionalism and excellent service.
Sherone Algama
Sherone Algama
12:50 22 Jan 20
I have received invaluable financial advise and tailored solutions over the past two years from Marlon De Kauwe; and would like to commend on the professionalism & dedicated service i was provided with; which indeed was value for money.Thanks Marlon.Prasad Algama
Shabnam Bozorgi
Shabnam Bozorgi
21:29 09 Oct 19
I have been using their service for years now, their team have manages my tax and home loan, very professional and committed, I couldn't ask for more, always responsive, and can handle complicated cases very well.
Imran Wahid
Imran Wahid
05:57 20 Sep 19
The best place to get financial advice,I am really satisfied with services.I got all from tax return to super annaution and investment all in one office.
Saliya Gunawardena
Saliya Gunawardena
20:27 03 Apr 19
Hishan and the team at Mint Financial Solutions have been amazing to deal with. They helped me refinance and obtain a very competitive interest rate on my mortgages. I highly recommend Mint Financial Solutions, they are professional, committed and can get you the right outcome you seek!
Brent Germain
Brent Germain
05:19 02 Apr 19
Hishan and The Team at Mint Financial Solutions have been brilliant, helping me every step of the way (and keeping me in the loop) in obtaining a homeloan to build my dream home. Very happy with the high level of service and professionalism shown!
Nigel Sewera
Nigel Sewera
03:43 26 Mar 19
Hishan and his team have given me great guidance and honest advice with all Financial matters, most recently with all the help and support they provided with my mortgage.Mint Financial Solutions are always extremely professional and reliable and provide great customer service. I highly recommend them
neela unadkat
neela unadkat
08:18 25 Mar 19
I am a retired banking officer and I have found Hishan Naufal and his team to be extremely efficient prompt and thorough. Very useful and grateful to him and all his team for all the guidance and advise we have been given . They are very upfront and fair with their advise . My whole family seek his expertise and I have recommended Hishan and his company to many of my friends and colleagues who have been grateful for recommending him.Well done Mint financial Solutions keep up the good work 👏😊
Steve P
Steve P
23:42 31 Jan 19
I have had the pleasure of engaging Patrick to assist me in a number of complicated financial matters. He is punctual, efficient and above all else provides excellent service, which has helped me secure my financial future and saved me stress and from a financial standpoint. Give him a call as he is great value.
Avelyn Miranda
Avelyn Miranda
05:18 17 Aug 18
Hishan and his team were excellent from start to finish with my recent property purchase. Mint Financial Solutions have been my financial planners for the last 4 years and I highly recommend them for service and cost.
Don Australia
Don Australia
00:24 06 Jul 18
Thank you Hishan for your never ending support the past 2 yrs. Very talented team and extremely fair rates. These guys are definately the go to for any brokering or mortgage needs.
Amal S.Z.
Amal S.Z.
02:32 05 Jul 18
One of the most trust worthy and competent financial adviser I have ever come across. Can always trust Hishan and his team to give sound and honest guidance in all financial matters. Thank you!
Three13 Group
Three13 Group
02:22 05 Jul 18
Thanks Hishan for assisting us with the restructure and land settlement. Good to have a great business partner to count on when the time calls for it.
Ali Kazemi
Ali Kazemi
02:20 05 Jul 18
Hishan and his finance brokerage team have helped me get a mortgage for a property most thought would be too complex to do (using different legal structures). Competent and highly responsive team!
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Mint Financial Solutions FAQ

How much deposit do I need for a low doc home loan?
For low doc loans, Lenders Mortgage Insurance is usually applied if you borrow over 60% of the total purchase price. Borrowers usually need a higher deposit. Most lenders will require at least a 20% deposit for low doc home loans.
What is low doc home loans?
Low-doc loans are a way for small business owners, freelancers and other ABN holders to meet the requirements of a loan application. They are designed for customers who otherwise wouldn't be able to get a home loan due to their inability to validate their earnings using traditional methods.
How much equity release can you borrow?
With equity release you can borrow around 20% to 60% of the value of your home with a lifetime mortgage, or as much as 80% to 100% of the property's value if it is a home reversion scheme. Equity release is commonly used to release money that is tied up in your home and the minimum age requirement is 55 years old
Can equity release be paid off early?
Can you repay equity release early? If you want to – yes you can, absolutely. However, it's important to reiterate how an equity release lifetime mortgage is designed to remain in place for the remainder of your life or whilst your health allows you to remain living in your main residence.
How does equity loan Work Australia?
A home equity loan allows you to borrow against the equity you have in your home to invest in shares or property, repay your debts, renovate or pay for lifestyle expenses. House prices have risen rapidly across most of Australia, giving home owners a readily available and inexpensive source of credit.

We'll Secure Your Future Without Sacrificing Your Present By Helping You Plan & Achieve Your Financial Goals

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