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homestar™ Credit Impaired Loan |
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An ideal loan if you have had previous credit problems. Both full doc and low doc self employed options options are available and we consider a very broad range of credit circumstances.
The Equity Loan could be the perfect loan if you have:
• Bad credit history
• Fully employed or
• Self employed (Low Doc)
Features include:
| GENERAL |
Owner-occupied or investment purchases, construction, refinancing existing residential or investment or business
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| Loan size |
From 10,000 to $2,500,000 per security property.
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| Term |
7 to 40 years.
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| Repayments |
Principal and Interest
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| Frequency |
Weekly,fortnightly or monthly
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| Extra repayments |
Extra repayments can be made at any time.
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| Re-draw facility |
Re-draw $25. (minimum re-draw $1,000)
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| Max loan to value ratio (LVR) |
60% LVR all loans $2,500,000;
65% LVR all loans $2,500,000;
70% LVR all loans $2,000,000;
75% LVR all loans $2,000,000;
80% LVR all loans $1,500,000;
85% LVR all loans $1,000,000;
90% LVR all loans $750,000 (conditions apply).
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| FEES |
Please refer to fees that don't tease. |
| OTHER CONDITIONS |
All repayents are to be made by electronic direct debit or direct salary credit.
Registered first mortgage over residential property as security on all loans.
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