Are you self-employed and having difficulty proving your income to the
traditional lenders? At PCL Money we understand that you need to look
beyond Profit & Loss statements when determining operational
performance. Many small business owners try to limit the amount of
profit their operations show by choosing to re-invest profits to grow
their business. In response to this, we offer a specialised mortgage
program for self employed borrowers called Lo Doc. If you're having
trouble trying to prove your business income to the banks, building
societies & credit unions, why not enquire about how we can help.
Name:
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Lo Doc Mortgage
|
Maximum LVR:
|
80% |
|
Pre-approval Available: |
No
|
Application Fee:
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0.5% of the loan amount
|
|
Ongoing Fees: |
No
|
|
Maximum Loan: |
$500,000.00
|
|
Minimum Loan: |
$40,000.00
|
Repayment Types:
|
Principal & Interest OR Interest Only |
Repayment Methods:
|
Direct Debit, Payroll Credit, BPay & Direct Deposit |
|
Repayment Frequency: |
Weekly, Fortnightly or Monthly |
|
Other Features: |
Redraw facility, cheque book, credit card, phone and Internet access. |
|
Valuation Fees: |
PCL Money's basic legal fees, and settlement costs are included in the application fee. |
Fixed Rate Available:
|
Yes
|
|
Available Terms: |
15 years to 30 years
|
|
Statement Frequency: |
Half Yearly
|
Construction Available:
|
No
|
For more information about our Lo Doc Mortgage product, contact us today.
Calculators
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