Ex bankrupt home loans are available for clients with current bankruptcy, part 9 agreement or discharge from bankruptcy, part 9 agreement for 1 day. We do ex bankrupt home loans full doc, low doc and no doc basis.. Full doc and low doc ex bankrupt home loans available up to 85% LVR where no doc ex bankrupt home loans available up to 80% LVR. If your business is registered for not less than 12 months we can offer you up to 80% LVR no doc home loans for any worthwhile purpose. Ex bankrupt home loans can be used for purchase of owner occupied property, refinance, debt consolidation or cash out for business or consuming. We offer unlimited amount of cash out depending on time of discharge, LVR and documentation of the loan. Cash out amount can be used both for consuming or business purposes like working capital, buying equipments for business, pay of tax debts, pay off bankruptcy, home renovation, holiday buying car or any legitimate purposes. Ex bankrupt home loans only available through non bank private lenders where bank offer ex bankrupt home loans when the bankruptcy is completely removed from clients credit file.
The finance group have achieved 99% approval rates for any type of mortgages in past 7 years record because:
| Interest rate|| Full doc - 85% LVR- from 7.96% PA|
Low Doc- 85% LVR- from 8.74% PA
No Doc- 80% LVR- From 7.74% PA
Interest rate is low at lower LVR loan.
Lowest rate is 6.81% PA at 65% LVR.
|Security|| Standard Residential properties in any populous areas. Depending on lenders post code guide different lender categories property locations in different way and allocate maximum LVR for the location. |
Vacant land is acceptable for eligible borrowers only depending on location of the property.
Please submit an inquiry to know maximum LVR available for your property location.
| Full Doc/Low Doc/ Acc-Letter|| Full Doc- Subject to risk fee up to 85% LVR|
Low Doc- Subject to risk fee up to 85% LVR
No Doc- Subject to risk fee up to 80% LVR only with accountant declared income.
Cash out restricted by LVR and length of discharge.
| Maximum Loan amount|| Full Doc- up to $1.5 mil, Up to $2mil loan available @55% LVR|
Low doc or no doc- up to $1.5 mil if discharged for 3 years, up to $1mil if discharged in 1 year for other $750k maximum loan.
| Minimum Loan amount|| $50k-$100k depending on lender|
| Credit history|
| Loan Term|| 2-30 years|
| Repayment options|| P&I or IO up to 5 years|
| Lenders Application fee|| Included with the risk fee|
| Risk Fee||1%-2.1% or the loan amount depending on lender, LVR and degree of credit impairment.|
| Our Brokerage||Negotiable depending on amount of loan, amount of work and complex nature of loan requirements.|
| Other costs|
| Proof of Income|| Full doc loans 2 years full financials with tax returns are mandatory. Notice of assessment is not required for some lenders.|
Low doc bank loans 12 consecutive months BAS's is mandatory, recent 6 months trading statements may be required.
Low doc non bank loans 3-6 months trading account statement is mandatory.
No doc debt consolidation home loans only accountant declaration and borrower's repayment declaration required.
| Other supporting documents|| Mandatory for all applicants:|
Ifany other loans are consolidating client need to provide up to 6 months statement for secured or unsecured debts depending on the lender.
Lender may ask for extra documents during the assessment process depending on the strength of the application.
Please submit an inquiry to commence free assessment for ex bankrupt home loans.
|Valuation|| Lenders operate independent valuation of the offered secuirty. Bank loans usually offer first valuation for free. For non bank loans valuation is done at cost quoted to the client.|
Upfront valuation is also available at client cost.
The finance group have been helping clients in different states in Australia for past 7 years to obtain Ex bankrupt home loans. We have numerous clients in Sydney, Melbourne, Brisbane, Adelaide, Perth and all other state and Territories of Australia. We have resolved critical and complex financial needs of our client offering them Ex bankrupt home loans. Clients are happy with our service because we have access to wide range of lenders for Ex bankrupt home loans and we give clients all alternative options they have, before they make an educated decision to obtain Ex bankrupt home loans.
From our experience we can advice that Ex bankrupt home loans are most suitable solution for some clients according to their present financial situation and loan requirements. As we have access to 10 different private lenders for Ex bankrupt home loans we always make sure clients get the best possible rate with minimum cost for finance. We also take full responsibility to assess and process the application and minimize all risks to get your Ex bankrupt home loans application declined. As a result we have achieved 99% approval rate for all type of mortgages.
Sometimes short term mortgages are suitable solution for some clients other than doing long term Ex bankrupt home loans. We also have access to numerous private funds to have short term mortgage solutions when it is necessary to become eligible to obtain long term Ex bankrupt home loans in future.Whatsoever is your financial situation, whatsoever is your loan requirements we request please submit an inquiry to commence a free assessment process for ex bankrupt home loans..