Points to Ponder - (Low Doc Funds)

SUMMARY OF CHARACTERISTICS OF LOW-DOC LOANS

• terms up to 30 years
• fixed OR variable rates
• re-draw facility if required
• no need to attend interviews
• principal & interest OR interest only
• no administration, line or on-going fees
• no need for tax returns or proof of income
• approval based on the value of the security
• payments can be weekly, fortnightly, monthly
• no penalties for making additional payments
• no annual reviews during the term of the loan
• immediate approvals, low rates & fast settlements
• fixed interest rates for an agreed period up to 5 years
• rate reduction for conducting the loan in a satisfactory manner