Home Star True LoDoc home loan
Self employed people can often find it difficult to be approved for a home loan. Most self employed people cannot prove their total income because it is dependent on the work that is available. As most loans require these types of documents, attaining a home loan as a self employed person can be quite difficult. The Home Star True LoDoc home loan gives self employed people the option to secure a home loan to buy a new house or secure an investment property. The Home Star True LoDoc home loan has an interest rate of 8.38%p.a but when you apply with the help of Home Loan Finder, we can guarantee you a lower interest rate, even lower than a mortgage broker could offer, plus a number of additional features so you can start enjoying your new home.
Home Star True LoDoc home loan
In addition to the low interest rate the Home Star True LoDoc home loan offers a variety of features that will help you save. These features can help you save by being able to reduce the interest you pay and by allowing you to pay extra on the loan if you would like. These features are:
- Borrowing conditions. The minimum loan size is $50,000. You can borrow up to $1,750,000 if the loan to value ratio is less than 65%. If it is between 65% and 85% you can only borrow $750,000. Whatever the size of the loan you can pay it off over a thirty year period.
- Flexible repayment options. People receive their income in different ways. You may be paid weekly, fortnightly or monthly. The Home Star True LoDoc home loan allows you to tailor the repayments to suit your needs by allowing you to deposit their repayments either weekly, fortnightly or monthly.
- Conditions of borrowing. The Home Star True LoDoc home loan allows you to borrow money for your home as long as you have held your ABN for a minimum of two years. There are no tax returns needed.
- Make additional repayments whenever you want. The interest that is charged to your account is calculated against the total amount owing on the account. The Home Star True LoDoc home loan allows you to make additional repayments whenever you want. These repayments can reduce the interest charged on your loan account and therefore reduce the total amount you pay.
- Convert to a fixed rate at any time. At any time during the loan you can convert to a fixed rate loan. This is a great feature that allows you to lock in a low interest rate if you expect the interest rates to rise in the future.
- Split the loan. The Home Star True LoDoc home loan allows you to split the loan to take advantage of all the features of many different loan types. For example, you can have half the loan subject to a fixed rate and the other half subjected to a variable rate. This will allow you to have the security of fixed payments while being able to take advantage of times when interest rates are lowered.
Most loans required extensive documentation as a prerequisite of being approved. These documents can include a list of your assets and proof of income and tax returns. The Home Star True LoDoc home loan allows you to be approved for a home loan without all the required documents. When you apply for the loan all you have to do to show your income is sign a document saying that you can cover the payments. In addition to the easy application process the Home Star True LoDoc home loan offers an array of features that can help you save. Please contact us to find out more about this home loan.
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Top Home Loans
| Home Loan | Details | Interest Rate (p.a.) | Comp Rate^ (p.a.) | App Fee / Ongoing Fee | Max LVR | Min & Max Borrowing | |
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