Search found 3 matches

by Carson
Wed May 08, 2019 6:27 pm
Forum: Home Loan Forum
Topic: Low doc cash out to expand my business
Replies: 5
Views: 919

Re: Low doc cash out to expand my business

That sounds promising. Currently, I’m paying a significantly higher interest rate on the 80k business loan that’s secured on my property. Could I also roll that into the home loan?
by Carson
Wed May 08, 2019 5:42 pm
Forum: Home Loan Forum
Topic: Low doc cash out to expand my business
Replies: 5
Views: 919

Re: Low doc cash out to expand my business

The main issue is my tax returns are outdated showing a taxable income of $89,000 and $62,000 respectively. I lodge BAS via my accountant each quarter however, I do not have my most recent financials completed but my profit has increased substantially to 200k p.a. How do I prove my income as 200k?
by Carson
Wed May 08, 2019 3:40 pm
Forum: Home Loan Forum
Topic: Low doc cash out to expand my business
Replies: 5
Views: 919

Low doc cash out to expand my business

Hi there, I’m looking to access the equity in my house to purchase a second warehouse and a load bearing truck. The house is valued at $645,000 with a $170,000 mortgage and a business loan of $80,000 secured on the house. I’ve been running the business for the last 12 years and I’m now looking to ex...

Go to advanced search