Re: Low doc cash out to expand my business
Posted: Wed May 08, 2019 4:18 pm
Hello Carson. Welcome to the forums.
Lending guidelines for low doc loans can vary between lenders however, we can usually help you refinance your existing loan if you are in the following situation:
Speak with one of our experienced mortgage brokers by giving us a call on 1300 889 743 or by filling in our free assessment form to find out if you qualify for a low doc refinance loan.
Cheers,
Lending guidelines for low doc loans can vary between lenders however, we can usually help you refinance your existing loan if you are in the following situation:
- You’re borrowing no more than 80% of the property value.
- Your credit history is clear (some exceptions).
- You have been making regular repayments for the last six months (some exceptions).
- You must have an ABN.
- If you’re releasing equity then you need to provide evidence of the purpose of your loan.
- You must either provide BAS statements, an accountant’s letter or business bank statements to verify your income.
- Borrowing money for business, investment or personal purposes is accepted.
Speak with one of our experienced mortgage brokers by giving us a call on 1300 889 743 or by filling in our free assessment form to find out if you qualify for a low doc refinance loan.
Cheers,