Life can throw up a lot of obstacles that may mean that a person is not able to get a mainstream loan. The worst is over they but need help to get back on track. A Full Doc Specialist Home Loan may suit borrowers who have had late payments or defaults (paid or unpaid) or lots of debts to payout. These could have resulted from to divorce, a failed business, unemployment or an accident. It is also an option where normal lending rules mean they are unable to borrow what they need to. This could be short term employed and needing to use casual income, overtime, bonuses or income from a second job.
  • Loans up to $1.5m
  • 90% LVR
  • Large debt consolidation
  • Borrow to payout tax liability 
  • Unpaid defaults OK
  • Late payments OK
    (conditions apply)
Features
Owner occupied & investment Yes
P&I or Interest-only Yes
Max LVR 90% including risk fee
Max LVR for purchase 90% including risk fee
Max LVR for refinance only 85% including risk fee
Max LVR for refinance and debt consolidation 85% including risk fee
Loyalty bonus rate drop .25% after 12 months & 24 months
Maximum Loan Term 30 years
Min loan size $100,000
Max loan size $1,500,000
Extra repayments Yes
First home buyers Yes
Lenders’ mortgage insurance No
Payment frequency Weekly
Fortnightly
Monthly
Split Loans Up to 4 splits free
Line of Credit Yes
Fee free redraw Yes
Fee free salary crediting Yes
Fee free 100% offset account Yes
Fee free online loan account Yes
Fee free phone loan account Yes
ATM/EFTPOS via Debit Mastercard Yes
BPAY® Yes
Rewards Card Yes
Post Settlement Increases (Top Ups) Yes (fees & conditions apply)
Fixed rates No
Construction loan No
Pre-approval Yes
Fees
Risk fee Subject to LVR
Settlement fee $949
Monthly ongoing fee Nil
Annual fee Nil
Valuation fee $275
Title Discharge Fee (when loan is paid out) $300 plus legals
Loan Downloads

Full Doc Specialist Summary full-doc.pdf 430.67 kB