Enjoy the benefits of accessing your equity even if you're self employed
If you're self employed you may benefit from the Homeloans Ultra Lo Doc home loan. This is basically a full line of credit which is available to those who can't provide tax returns and who work for themselves. Homeloans is a well respected company, and this particular offer is very competitive.
What is a "Line of Credit"?
This form of credit is typically given to an individual or the government by a financial institution or a bank. It's basically like a bank account where the borrower can get the money they need when they need it. Interest will be due for the money that is withdrawn from the account. If you have credit in the account that you don't use then you may need to pay an unused fee. You can find both unsecured and secured lines of credit.
Who is Homeloans?
Homeloans is a company that has been set up to provide Australian citizens with an alternative to banks. If you need money and you aren't comfortable dealing with a bank, then Homeloans may be able to help. They don't just offer lines of credit; they offer all kinds of home loans and insurance.
Homeloans Has a Proven Track Record
The company has more than 25 years experience and it has been named Australia's Best Non-Bank Lender at the Australian Lending Awards 2011. When you acquire a loan through Homeloans, you also gain access to the customer benefits program. This enables you to get discounts on everything from your groceries, to fuel and entertainment. It's definitely a company that you can trust.
It's fair to say that in recent years the big 4 banks have fallen out of favour with the public and so non-bank borrowing is on the up. Combine great offers like this one,with a quality of service almost unrivaled in the industry and it's easy to see why so many consumers are turning their backs on the high street.
So what can you expect from this particular home loan product from the 2011 Best Non-Bank Lender award winner?
The Product– What You Need to Know
This innovative mortgage can be taken out for a period of - . It is a flexible home loan that lets you borrow as much as of the purchase price. Compared to many other mortgage providers, this is definitely a good offer.
Even when you can prove your income and you are in full time employment, you can struggle to find a company who will lend up to . For a self employed person, finding any mortgage at all can be difficult, never mind one that offers you of the purchase price!
There are several interest rate options. You can choose from variable, interest-only and principle and interest. The actual rate that you receive will depend upon your circumstances. You can also choose whether you want to repay the loan weekly, fortnightly or monthly. How you can pay is also quite flexible too. You can pay through BPAY, your salary or through direct credit.
Overall this product will be perfect if you work for yourself. It offers a flexible approach which makes it suitable for all kinds of situations.
No matter what your circumstances, you may be able to really benefit from the Ultra Lo Doc mortgage. Why not contact the company now to receive a free quote? Application is quick and easy and remember because this product doesn't require much in the way of paper work you won't have much rustling through files to do either!