Debt Consolidation mortgages

Right selection of debt consolidation mortgages can minimize your monthly commitments and free up cash for personal and business use. We can consolidate your business debts, private loans, bad credit debts, part 9, tax debts with debt consolidation mortgages. We offer debt consolidation mortgages through bank and no bank lenders full doc, low doc and no doc basis. We have up to 95% LVR full doc debt consolidation mortgages offers through bank home loans. If your business is registered for not less than 6 months we can offer you up to 90% LVR low doc home loans for debt consolidation mortgages. Up to 85% no doc debt consolidation mortgages available if your business is registered not less than 12 months. Bank loans up to 80% low doc available for eligible clients. We accept any degree of credit impairments case by case basis. Please submit an inquiry to commence free assessment for debt consolidation mortgages. We believe client should always manage their debt more efficiently to avoid unexpected financial situations. When there is an option to minimize monthly commitments with a better loan options, we always suggest the client to minimize the risk of falling into defaults on their existing debts. We help the client to recover from risky financial situations before it is too late.

The finance group have achieved 99% approval rates for any type of mortgages in past 7 years record because:

  1. We do a complete pre-assesment of the loan application to find best possible options for the client.
  2. We obtain all related veda reports and property reports upfront to safe guard the approval of the loan.
  3. We have access to all popular lenders in mortgage industry including 10 private lenders to assist the client with their loan requirements.
  4. We have created strong relation with our lenders through approval of our loans in pas years.
Debt consolidation mortgages can be a very easy process to obtain if you have clear idea about lending policy and if you are aware what you are eligible for. Shopping for loan can create adverse record on your credit history and restrict you to obtain finance in future. We strongly recommend to have a professional advice for your debt consolidation mortgages.

CLICK HERE TO READ INDICATIVE OFFERS FOR DEBT CONSOLIDATION MORTGAGES

Indicative Offers for Debt consolidation mortgages:

All debt consolidation mortgages rates quoted bellow are subject to changed by lender. To find the appropriate quote for your debt consolidation mortgages please submit an inquiry to commence a free assessment process. All costs quoted are estimation only.

Interest rate

Bank loans Full doc: 3 years fixed rate from 4.83% up to 80% loan
variable rate is from 5.09% with up to 1.1% discount for life of loan.
Bank loan Low doc: 3 years fixed rate from 4.99%
variable rate from 5.19%
Non bank loan : starts from 6.5% and change depending on full doc and low doc loan, rate increase for higher LVR and degree of credit impairment.
Please submit an inquiry to know current rate for your debt consolidation mortgages.

Security

Standard Residential properties in any populous areas. Depending on lenders postcode 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- 95% LVR subject to LMI over 80% loans
  • Low doc-90% LVR subject to risk fee. ABN 6 months minimum.
  • Low doc-80% LVR Subject to LMI over 60%-70% Bank Loan ABN 12-24 months.
  • No doc- 85% LVR subject to risk fee 12 months ABN accountant letter.

Maximum Loan amount
  • Loan involve LMI low doc or full doc- $1mil
  • unlimited where no LMi involve.
  • Loan involve risk fee low doc- $1.5 mil <=75% LVR $1mil 90% LVR.
  • Lona involve risk fee no doc- $1.5 mil <=75% LVR $1mil 85% LVR.
  • Maximum loan per applicant $2.5 mil where bank loan can be

Minimum Loan amount

$50,000- $100,000 depending on lender.

Credit history
  • Up to $1000 paid default can be ignored for eligible bank loans.
  • 1 day bankruptcy considered with LVR restrictions.
  • Paid defaults up to $750-$1000 ignored for non bank loans
  • Defaults listed >2 years not counted for rate load
  • Mortgage arrears count if not paid in 30 days.
  • Past 12 months credit inquires need to be explained.
  • All defaults and arrears need to be with acceptable explanation.

Depending on above lender assign impairment level and offer interest rate and maximum loan available.
Please submit an inquiry to commence free assessment for debt consolidation mortgages.

Loan Term

2-30 years

Repayment options

P&I or IO up to 10 years

Lenders Application fee

For bank loan fee can be up to $600 or more.
For non bank loans application fees is included on the risk fee

LMI
  • Full doc over 80% bank loans
  • Low doc over 60%-70% bank loans
  • No non bank loans involve LMI

To read more about typical LMI policy for Low doc home Loans click here.

Click here to read more about bank loans for home loans bad credit.

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
  • For bank loans we account up to $3000 other cost that vary sometimes.
  • Other costsfor non bank loans are quoted to client at cost by the lender. Legal cost, mortgage registration, documentation fees, title insurance, settlement fees altogether allow up to $3000-$4000 depending on the lender and current government rates.
  • Most of above we disclose on our credit quote after selecting the lender.
  • Some of the above are not ascertainable until the settlement agent quote for the 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 mortgages only accountant declaration and borrower's repayment declaration required.

Other supporting documents

Mandatory for all applicants:

  1. 100 point ID is mandatory for all applicants and guarantors for the loan.
  2. Asset and liability for need to be signed by all applicants.
  3. Most up to date council rates need to be provided for all properties.


Refinance:

  1. Most recent 6 months mortgage statements for all mortgages being refinanced.
  2. Most recent statements for other mortgages.

Debt consolidation:
If anyother 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 debt consolidation mortgages.

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.

More About Debt consolidation mortgages :

Bank or non bank home loans with debt consolidation demands clear explanation for all possible benefits of the proposed loan. Client need to have both short term and long term goals to justify how they will manage their regular expense, how they will become debt free in future. Full doc, Low doc or No doc home loans with debt consolidation allow the client to consolidate both business debts and consumer debts. We offer debt consolidation mortgages through bank loans and private loans. Depending on credit history and other considerable maters. Client can get benefits from debt consolidation mortgages if they can select the right product for them. We have given intensive solutions for many clients who were struggling to catch up their monthly commitments.

Some time cost for refinance can become a barrier for the client to make a decision how they will save money and recover the cost in future. We always help the client to make their decision with vast range of product offers and analytical data about their present and future financial situation. As a result client become aware of all aspects before they sign up for new debt consolidation mortgages.

Sometimes getting your loan approved can become a hurdle if you do not have adequate explanation for your financial benefits and goals for debt consolidation mortgages. Clear understanding of the lending policy can help you to get your debt consolidation mortgages approved easy with our free assessment process.

Please submit an inquiry to commence free assessment for debt consolidation mortgages.

Our track record for Debt consolidation mortgages :

The finance group have been helping clients in different states in Australia for past 7 years to obtain debt consolidation mortgages. 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 clients offering them debt consolidation mortgages. Clients are happy with our service because we have access to wide range of lenders for debt consolidation mortgages and we give clients all alternative options they have, before they make an educated decision to have debt consolidation mortgages.

From our experience we can advice that debt consolidation mortgages can be 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 debt consolidation mortgages 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 debt consolidation mortgages declined. As a result we have achieved 99% approval rate for all types of mortgages.

Sometimes short term mortgages are suitable solution for some clients other than doing long term debt consolidation mortgages. 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 debt consolidation mortgages in future

Whatsoever is your financial situation, whatsoever is your loan requirements we request please Please submit an inquiry to commence free assessment for debt consolidation mortgages.