- Low doc exit
- Self employed
- Refinance
- Cash out
- Business loan
From low doc rates to a major bank, plus $150K for renovations and a $400K business loan
- Home and investment loans refinanced
- $1.6M
- Cash out for renovations
- $150K
- Business loan approved
- $400K
1. The situation
A self-employed couple had an owner-occupied loan of $935K and an investment loan of $665K with a non-bank lender.
2. What we did
Once their tax returns were finalised and showed enough income, refinanced both loans to a major bank on full doc pricing.
+3 more in the full story
3. The result
Much lower rates across $1.6M of home and investment lending.
+2 more in the full story
Read the full story
The situation
A self-employed couple had an owner-occupied loan of $935K and an investment loan of $665K with a non-bank lender. Another broker had set them up on low doc loans because their tax returns were not ready at the time, so both loans were on high rates.
What we did
- Once their tax returns were finalised and showed enough income, refinanced both loans to a major bank on full doc pricing.
- Included $150K cash out for a new kitchen, both bathrooms and landscaping.
- Switched the investment loan to interest only, as requested by the clients on their accountant's advice.
- Arranged a $400K business loan with the same bank, approved at the same time, to help them grow the business.
The result
- Much lower rates across $1.6M of home and investment lending.
- The renovation fully funded.
- Capital in place to grow the business, all handled in one process with one broker.
The interest only change was made on the advice of the clients and their accountant. RyRo does not give tax advice. Speak to your accountant about negative gearing.
























