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MMG NON CONFORMING
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| Loan size: |
- Minimum - $50,000
- Maximum - $3,000,000
- Quik Equity Maximum - $750,000
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| Loan to value ratio: |
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| Interest rate options: |
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| Loan purpose: |
- Any worthwhile purpose considered.
- Available for both owner occupied and investment purposes, ie. Regulated and unregulated purposes.
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| Borrowers: |
- Borrowers may be PAYG, self-employed or full-time investors. This includes family trusts, property holding and trading companies
- All mortgagors (those named on title) must be borrowers or guarantors
- Quik documentation - must be self-employed for at least two years.
- Full documentation - can be self-employed for one year if they have been employed in same industry for a period of time (eg. contractors)
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| Split loans: |
- Borrowers are able to split their loans into a maximum of four accounts to tailor a loan to a borrower's purpose and product preference. The minimum loan facility split is $20,000
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| Multiple loans: |
- Borrowers can have multiple loans up to $3 million subject to normal lending requirements
- Quik Equity maximum is $750,000.
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