Our self employed loans range from as little as $5,000 and go up to $3 million. So whether you need a short term self employed loan to pay off some bills or a business loan to expand your operation, NSW Mortgage Corp has the perfect self employed loan to suit your needs.
We will look at your Loan Value Ratio (LVR) which is the percentage of your real estate property value that you intend to borrow. These days most lenders will only allow a maximum LVR of up to 80% of the property value for low-doc home loans.
Your LVR will help to determine what amount you’re able to borrow, as the higher the LVR the riskier you are to a lender. Therefore because the lender is assuming more risk with a high LVR, your interest rates, Lender Mortgage Insurance (LMI) and associated fees will be higher. NSW Mortgage Corp is a specialist supplier of self employed and low doc loans with competitive interest rates; we’ll do everything we can to place you with a lender who can offer you a great rate. Call us today on 1300 137 778.