Illawarra Home Loans Low Doc Home Loan

Benefits of the Low Doc Home Loan

The team at Illawarra Home Loans understands how hard it can be for some self-employed borrowers to produce the mountain of paperwork needed to apply for some of the leading Australian home loans. With the Illawarra Home Loans Low Doc Home Loan, low doc borrowers are given an excellent loan with the same competitive features and low interest rate of some of the top full doc home loans. Not only will you receive a great interest rate but you will also pay no monthly or annual fees. Further still, this loan comes with all the excellent features offered to full doc borrowers including free redraw facility and Interest Only repayments so your repayments can remain both flexible and low over the life of the loan.

Illawarra’s dedicated team of mortgage professionals will take the stress out of applying for a home loan by helping you organise and submit all of the necessary paperwork so you can spend more time concentrating on your business. Compare this Home Loan with other Illawarra Home Loans

Who is the Low Doc Home Loan Suited Towards?

This Low Doc loan is an excellent option for any low doc borrower looking to buy their next home or refinance their current loan. The borrower must be self employed (self certified with 2 year ABN). Borrowers are able to borrow between $50,000 and $1,000,000 and pay off the loan between 15 and 30 years.

Features of the Low Doc Home Loan

• Low Variable Rate. Fantastic rate keeping this loan as competitive as some of the leading full doc loans.
• Interest Only Repayments. Available for 1-10 years.
• Fixed Interest Option. Available for 1-5 years.
• LVR. Borrow up to 80% of the purchase price.
• Flexible Repayment Frequency. Make weekly, fortnightly or monthly repayments.
• Redraw Facility. Redraw funds from your loan to cover expenses when needed.
• Dynamic Repayments. Make dynamic mortgage repayments.
• Split Loan Facility. Split the loan into separate accounts and secure the best rate possible.
• Loan Access Card. Access the funds in your loan with your own access card.
• Line of Credit Option. Line of credit available with 15 year interest only term.
• Internal Portion Transfer. Available if a split loan.

Fees of the Illawarra Home Loans Low Doc Home Loan

• Annual Fee-$0
• Legal Fee-$275
• Title Insurance Fee-$132

Applying for the Illawarra Home Loans Low Doc Home Loan

If your a self-employed borrower and would like to apply for the Low Doc Home Loan you can lodge a secure online application on the Illawarra Home Loans website. The application process is short and straightforward and an Illawarra Home Loans professional will get back to you via telephone, email or Skype to discuss your options and help you take the first steps towards settlement.