Case Study

NEW FUNDER

Products

• No Financials 75 (Limited income evidence required)

• Asset Lend 60 (3 months bank statements showing sufficient deposits)

Loan Amount

• Up to $600,000 per residential security in major metropolitan areas.

Interest rates

• 1 year fixed – 8.49%

• 2 year fixed – 9.35%

• 3 year fixed – 9.99%

• Line of Credit – 9.95%, no floating rate apart from this LOC

Term & Repayments

• Up to 30 years, Interest only or principal and interest terms available

Servicing

• Borrowers are required to evidence sufficient income to service the loan, without providing Financial accounts.

Fees:

• Application : $1,000 fee payable upon acceptance.(refunded if loan declined)

• Establishment : 1.5% (including brokerage of 0.65%)