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Asset Lending


Product Profile - Asset Lending Product Profile AL
Features and Benefits - Asset Lending Features & Benefits
Questions and Answers - Asset Lending Questions & Answers
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Asset Lending Home Loans -Questions and Answers

Below are some commonly asked questions our clients raise when asking about asset lending home loans. It covers the key questions about this product but rest assured there are many more so we invite you to browse through and them contact us with the questions you have.

Do I pay Mortgage Insurance? Because this is an asset lending home loan do I pay mortgage insurance?
You Do pay mortgage insurance depending on LVR. Depending on the LVR you will pay a nominal fee for mortgage insurance. Some asset lending providers call this a risk fee.
Can I use the equity to pay Mortgage Insurance? Can I use the equity in my property up to the maximum LVR to pay for this mortgage insurance?
Yes you can, but not to exceed the maximum LVR. Yes you can incorporate this fee into the asset lending home loan but it cannot exceed the LVR as determined by the asset lending home loan provider.
Is the interest rate higher? Do asset lending home loans have a higher interest rate than low doc home loans?
Generally yes, this is due to the higher risk associated. Yes, in general, an asset lending home loan does attract higher rate of interest. This is due to the higher risk involved by the home loan provider with regard not having any financials to go on nor a proven history of being in business.
Are ther fewer features associated with the asset lending products? Are there fewer features on an asset lending home loan versus a low doc home loan?
Yes, the features are limited with this product. In general yes, the features of this home loan are limited as it is purely an investment based product.
Do we need to provide an asset liability statement?

Do I have to provide an asset and liability statement for an asset lending home loan?
No asset and liability statements are required. In general no, most asset lending home loan providers do not require an asset and liability statement.
If i'm refinancing, do I need to provide financial statements? Do I need to provide financial statements if I am refinancing an existing home loan?
Yes, the lender requires your current loan statements to establish good conduct. In this case yes you do need to provide this, the lender requires this to ascertain good conduct.

You may have many more questions to ask about asset lending home loans and we ask to simply contact us to find out more. Or you can contact us to arrange an appointment and one of our home loan consultants can assist you.

As you can see the asset lending home loan has a number of purposes but is specifically for the purpose of investment. There may be more questions you have on this unique product so please contact us to find out more or you can arrange an appointment with a home loan consultant.

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