Link Complete or Link Lite are great loans for customers looking to consolidate. They can allow your customers to access their current home equity, so they can refinance their existing home loan, and pay-out any existing debts. Your customers could potentially save money with lower rates and fees in the process.
Link has some fantastic policies such as Common Debt reducer, one year’s financials (up to max 200% of prior year), and the ability to lend to a customer that has been discharged from bankruptcy for >1 day.
Registered > 12 months ago. (Applies to Link Complete only, not Link Lite).
Link is regularly at a 1 day SLA.
Options is also a great product for helping customers with debt consolidation. Your customers could consolidate multiple numbers of debts with Options, such as ATO tax debts, business debts, late payments, and mortgage arrears.
1 day discharged bankruptcy accepted, and unlimited defaults, judgements, or writs from 1 credit event <12 months (paid or unpaid).
1 or 2 year tax returns and a notice of assessment.
Last 2 years Financial Statements signed by a registered tax agent.
6 Months ABN and GST plus one form of income verification.
Download this email copy to help drive leads from your customers who are self-employed or sole traders, or those who are just looking to consolidate.
Speak to your BRM today if you have any questions about the new Retro Switch home loan.
*Refer to Lenders for further details and the terms and conditions of these Credit Policies.
AFG Home Loans Pty Ltd is part of the ASX listed Australian Finance Group Ltd (AFG), one of Australia’s leading mortgage broking firms for almost a quarter of a century.
The information provided is a short summary and is not everything you need to know to select a product and features that are appropriate for your needs and requirements. All information is subject to change without notice. Terms and conditions and lending criteria may apply. Fees and charges may be varied or introduced in the future.
AFG Home Loans Pty Ltd | ACN 153 255 559 | Australian Credit Licence 411913
