MortgageCorp can provide Low Doc loans for clients with new business or ABN registered for less than 2 years
Rates from 8.14% (higher rates at higher LVRs)
NO BAS required, but trading statements are required
Unlimited cash out <65% LVR (25% of loan amount >65% LVR)
Some credit impairment permitted
No vacant land or construction
Must be GST registered
60% LVR = [...]
MortgageCorp can provide Low Doc Loan for purchases with no BAS
6.89% (including 0.65% upfront and 0.20% trail)
Full feature loan product including direct card
Line of Credit available with no rate loading
No BAS statements or trading statements required on purchases
Max. LVR 80%
Loans available in the name of companies and trusts
No vacant land or construction
Call Mike Nicholls on [...]
MortgageCorp can provide Low Doc Refinances with no BAS. Low Doc Refinance Rates are current as at 7th March. Rates are subject to change with no notice.
Rates from 7.97% (higher rates at higher LVRs as below)
No BAS on refinances
Unlimited Cash out to 65% LVR and up to 25% of loan amount 60-80% LVR
No vacant land [...]
MortgageCorp is still providing No Doc Loans or very low doc loans for self employed and investors. Documentation requirements have tightened in the Low Doc loan market to the point where many so called Low Doc loans require almost as much documentation as a Full Doc loan.
MortgageCorp has three No Doc or very Low Doc [...]
