No Doc Home Loan helped a businessman to cash flow his business and have opportunity to build a house in the future

 

Harry had a home worth $710,000 south of Sydney.

 

Harry wanted a kitty of money to smooth out the erratic cash flow from his business, plus he wanted to pay out the mortgage on his vacant block of land. In addition he wanted to give some money to help his relatives overseas and also have some funds to build a house on the vacant land in the future.

 

His old mortgage of $200,000 for his home was costing him $1,333 per month and the old mortgage of $120,000 on the land was costing him $800 per month. In addition he wanted to have some funds of $177,000 and he estimated this would cost $1,180 per month. Total projected costs to borrow $497,000 was going to be $3,313 per month

 

Harry’s tax returns for his business were not up-to-date, so he was looking for a No Doc home loan. However, the interest rate for No Doc home loans is usually substantially higher than a normal home loan rate. However he had 1 default on his credit history, which generally makes it impossible to qualify for a No Doc home loan.

 

He called many brokers for help, but their interest rates were very high. Fortunately he found us. With our vast experience and flexibility, were able to help Harry by providing a No Doc home loan for $497,000 at a much cheaper rate than any other institution could possibly offer him.

 

His new home loan of $497,000 now only costs him $2,804 per month. This is a massive saving of $509 per month against his projected costs of $3,313 per month.

 

In the 2 nd year he will make even greater savings when he gets a further 0.1% discount from eMortgage Home Loans. And then from the 3 rd year onwards he can get a further 0.2% discount as a reward for paying his first 2 years payments on time. (Note: this reward is for Low Doc and No Doc home loans only).

 

Harry has sent some funds to his relatives overseas and has put the rest of the funds back into his home loan account, so that he does not pay any interest on the unused amount.

 

He is completely satisfied with his home loan through eMortgage Home Loans, and now looks forward to using his redraw facility to fund an overseas trip. He also has the choice of using his extra funds to start constructing a home on his vacant land one day in the future, which would further improve his financial position.

 

We have helped enhance his financial situation far beyond his wildest dreams and continue to do so to this very day and beyond.

 

If you would like to ENHANCE YOUR FINANCIAL SITUATION just like Harry, please click on the button below and MAKE YOUR DREAMS COME TRUE!