Low Doc Express Loan
Low Doc loans are a flexible solution for self-employed people who have income and assets, but are unable to provide the required financial statements or tax returns at the time of application.
Red Rock's Low Doc Express loan allows you to borrow up to 80% of your property value with no financial documents or tax returns required. Red Rock Mortgages are specialists in low doc loans and can provide you with some of the most innovative and low cost low doc loans available.
Our low doc loan application process offers a streamlined paperwork process so you'll have access to your money sooner.
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PRODUCT SPECIFICATIONS |
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| Rate (with NO BAS or Bank Statements Req) | 7.20%pa (purchase/construction only 80% LVR) 8.24%pa (purchase or refinance with cashout 80%LVR) |
| Rates Effective | Jan 2010 (Rates will vary with any credit impairment) |
| Purpose | Purchase or Refinance Owner Occupied Investment/Business |
| Repayment Frequency | Fortnightly, Monthly |
| Repayment Options | Salary Crediting, Cheque, EFT, Direct Debit |
| Split Accounts | YES |
| Acceptable Security | Residential Only |
| Acceptable Location | Metropolitan Area, other areas subject to acceptance |
| Max LVR | 80% |
