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Owner Builder

Owner Builder Full Doc, Lo Doc & No Doc
	Overview • All construction loans are different from normal home loan because it can be drawn in stages rather than a lump sum at settlement. • These stages are in line with construction stages and to our satisfaction • The loan is normally at a variable rate during construction, and you normally make interest payments on the amount drawn Target • Full Doc Individuals (PAYG or self-employed), Investors, Companies, Partnerships or Trusts. • Lo Doc self-employed), Investors, Companies, Partnerships or Trusts
Loan Purpose	Loans considered for construction off residential and investment and industrials being non Regulated by the UCCC
Loan Features	• Ideal for owner builder Borrower it give them freedom to Build ,develop or take part in the project • This is a Draw down facilities payment only on the work completed
Loan Products	Securitize facility or private funding pending on application
Minimum Loan Size	$250k (Subject to the loan scenario and to the LVR) Double security or multiple
Maximum Loan size	$15,000,000 (Subject to the loan scenario and to the LVR) Single security
Loan to Value Ratio	• 75% to 1,200,000 (Full Doc )Mortgage insured (Payable by borrower) • 70% to 5,000,000 (Lo Doc only) Mortgage insured (Payable by borrower) • 65% to 15,000,000 (No Doc ) Ni
Minimum Loan Terms	• Full Doc and Lo Doc Interest only from 1year to 15 years and (P&I thereafter) to 40 yrs • Full Doc and Lo Doc Fixed Rates from 1year to 15 years and (P&I thereafter) to 40 yrs • No Doc Interest only from 1-2 years
Maximum Loan Terms	• Full Doc and Lo Doc Interest only from 1year to 15 years and (P&I thereafter) to 40 yrs • Full Doc and Lo Doc Fixed Rates from 1year to 15 years and (P&I thereafter) to 40 yrs • No Doc Interest only from 1-2 years
Loan Repayment Frequency	• Weekly, twice monthly or monthly, day and date can be nominated for Full & Lo Doc • Monthly in advance for No Doc
Security Type	Residential and investment for Full Doc and Lo Doc Residential investment, commercial and industrial for No Doc
Redraw Available	Yes after completion of construction for Full and Lo Doc
Split Loan Available	Yes after completion of construction for Full and Lo Doc
Dynamic Repayment	Yes after completion of construction for Full and Lo Doc
Additional Repayment	Principal reductions accepted with minimum of $5,000 each time on the principal part if any
Loan statements	Issued Half Yearly (But you can ask us when required we will mail them to you charges apply).
Documentation Required	Subject to the loan purpose, please call 1300 790 909 for more details
Financial Information	A. Prime loans Borrowers must demonstrate serviceability with up to date detailed financial statements covering last 12 months + 4 pay slips for (Full doc Loans) B. Lo Doc & Uninsured Borrowers must be self employed or an Investor , has an ABN number and registered for GST and in business for the past 2 years for (Lo doc Loans) No Doc null required but exit strategies must be displayed and to be satisfactory
Qualifying Interest Rate	Please call our consultant on 1300 790 909 for more details
Other Conditions	A. Prime loans Borrowers must demonstrate serviceability with up to date detailed financial statements covering last 12 months + 4 pay slips for (Full doc Loans) B. Lo Doc & Uninsured Borrowers must be self employed or an Investor , has an ABN number and registered for GST and in business for the past 2 years for (Lo doc Loans) C. No Doc null required but exit strategies must be displayed and to be satisfactory D. All Construction must be 100% insured by LMI exlude private funds. E. Income declaration and asset & Liabilities statement is required regardless of the LVR F. Cost to complete remain to be held till we are satisfied with the work completed

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About Firm Finance

Address

FIRM FINANCE PTY LTD.

Level 2 / 124 Exhibition Street
Melbourne VIC 3000

Phone: +613 9654 9090
Fax: +613 9654 9098
Mobile: +61 418 553 009

Licence No 390620