Loan Case Study Simon

Profile

  • Age – 39
  • Occupation – Painter (ABN registered for 36 months earning $110K last year)
  • Assets – Apartment $700K. Deposit for Investment Property $100K
  • Liabilities – Mortgage $300K. Credit Cards $50K
  • Credit History – Clear

Background

Simons business has grown steadily over the last 18 months and he is now looking for a solution that will enable him to consolidate his credit cards into his mortgage and and use the equity in his current property to purchase an investment property.

Solution

Simon can utilise the Low Doc 70 loan, which is ideal for his situation as there is no risk fees and a very low interest rate. Simon will have to complete a declaration of financial position plus provide any two of the following documents to qualify;

  • Last 6 months BAS
  • Last 6 months business bank statements
  • Accountants letter (template provided)

Testimonials

“I am so pleased with the service provided by your company that I wanted to write to you after the purchase and successful settlement of my first home. From the start I felt confident that you had the expertise in finding the most suitable loan for my needs. Furthermore you made the whole process simple […]

Peter J, QLD