Search found 3 matches

by
Tue Apr 02, 2019 1:36 pm
Forum: Home Loan Forum
Topic: Looking for a low doc loan to purchase an investment property
Replies: 5
Views: 11786

Re: Looking for a low doc loan to purchase an investment property

Sounds good. I’ve filled in your assessment form. Is there anything else I should be aware of?
by
Mon Apr 01, 2019 8:01 pm
Forum: Home Loan Forum
Topic: Looking for a low doc loan to purchase an investment property
Replies: 5
Views: 11786

Re: Looking for a low doc loan to purchase an investment property

Great, this is what I was looking for. Now, regarding the income verification, is 1 years tax returns enough or do I need to provide additional documents?
by
Mon Apr 01, 2019 6:24 pm
Forum: Home Loan Forum
Topic: Looking for a low doc loan to purchase an investment property
Replies: 5
Views: 11786

Looking for a low doc loan to purchase an investment property

Hi, I’m self-employed, coming up on 3 years (ABN) with 12 years in the trucking industry. I would like to refinance my house to purchase an investment property. My property is valued at $750,000 with a $350,000 mortgage. I also have a trucking lease with $100,000 owing. The purchase price is $500,000 and the rental yield is 7%. My credit history is clear. I have 1 year’s tax return without ATO NOA. Is a low doc option suitable for me? If so, what should I be looking out for?