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The 82% low doc home loan is a unique offering in the home loan market place. With the majority of low doc home loan lenders offering up to 80% the 82% home loan is a great way to increase your borrowing power and at the same time potentially allow thousands of dollars to cover other expenses.
For example, if you were to purchase a property worth 300k you would have a further 6k available of your funds to pay for stamp duty and other associated costs of purchase. This may mean the difference between being able to purchase a property or needing to save even more if you were to choose a traditional 80% low doc home loan.
One of the major points of difference in this higher LVR home loan is that the interest rate is in line with full doc home loans so you are not put at a disadvantage by choosing this product over an 80% low doc home loan. Another benefit is that you are left with a substantial amount of equity in the property from the outset as compared to a no deposit home loan for example.
The 82% low doc home loan is a fully featured product and is supported by a branch network Australia wide with ATM access, full choice of transaction account, ability to redraw or link the home loan account to other accounts as you require.
Low doc home loans such as the 82% LVR home loan is provided for the sole purpose of helping self employed applicants obtain finance, let's take a look at what the 82% low doc home loan can be used for: -
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Can I use the 82% low doc home loan to purchase an property I want to live in? |
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Yes the 82% low doc home loan can be used to purchase an owner occupied property |
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Can I use the 82% low doc home loan to refinance my existing home loan? |
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Yes you can use the 82% home loan to refinance you existing facility |
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I want to construct my new home, does the 82% low doc home loan suit? |
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Yes, you can construct your property using the 82% home loan |
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Will the 82% low doc home loan allow me to consolidate my debts? |
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Yes, you can consolidate your debts into one home loan with the 82% low doc |
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What if I want to invest in property, can I use the 82% low doc home loan for this purpose? |
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Absolutely, the 82% low doc home loan is ideal for investors as it minimises outlay |
Whatever your needs are the 82% low doc home loan is a wise choice given its flexibility, competitive rates and raft of features available.
So why not find out more about the 82% low doc home loan or better yet have one of our experienced low doc home loan consultants come and see you at a time that suits. At Low Doc Home Loan Options we have all your options covered.
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