Flexible Home Loans Made Easy: Find the Right Mortgage For You

 

Do you want to buy a new house, invest in property, or unlock the equity in your current home? You can make it happen with our flexible home loan options. Whether you’re a standard PAYG employee or a self-employed business owner, Outlook Finance has the ideal mortgage solution tailored to your unique financial situation.

Discover more about our mortgage broking services at Outlook Finance.

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Option 1: Residential Full Doc Home Loan

Best for: Standard income earners (PAYG), self-employed individuals, or a combination of both.

 

If you have standard tax documentation to prove your income, our Residential Full Doc Home Loan offers maximum borrowing power to make buying a house or refinancing affordable and achievable.

 

  • Loan Amounts: Starting from a minimum loan amount of $100,000 and going up to a maximum loan amount of $2,000,000.

     

  • Maximum LVR (Loan-to-Value Ratio): Borrow up to 90% of the property value for loans up to $1,000,000, and up to 80% for loans up to $2,000,000.

     

  • Flexible Loan Terms: Up to a 30-year loan term with flexible repayment frequencies (Weekly, Fortnightly or Monthly).

     

Option 2: Residential Low Doc / Alt Doc Home Loan

Best for: Self-employed business owners, sole traders, and entrepreneurs.

 

We understand that running a business means your finances might look a little different. Our Residential Alt Doc Home Loan is designed specifically for self-employed individuals who need a flexible approach to income verification when applying for a mortgage.

 
 

 Self-employed cafe owner who used an Alt Doc home loan to release equity for business investment

  • Loan Amounts: Starting from a minimum loan amount of $100,000 and going up to a maximum loan amount of $1,000,000.

     

  • Maximum LVR (Loan-to-Value Ratio): Borrow up to an 80% maximum LVR.

     

  • Flexible Loan Terms: Up to a 30-year loan term with unlimited additional repayments available for variable rate loans.

     

How You Can Use Your Home Loan

Whether you choose the Full Doc or Alt Doc option, both home loan products offer incredible flexibility to help you grow your wealth. You can use your approved funds for a wide variety of purposes:

  • Purchase Property: Secure a residential property that will be for private use or investment use.

     

  • Home Improvement: Refresh your current property by conducting non-structural renovations to a residential property you already own.

     
     

    (Woman painting her living room wall using funds from a home improvement loan)

  • Refinance an Existing Mortgage: Take advantage of better rates or features by refinancing an existing loan secured by a residential property you already own.

     

  • Equity Release & Cash Out: Release equity to purchase personal assets (including cars, boats, furniture, caravans, and motorbikes) , release equity to purchase or invest in your own business , or release equity in a residential property to be used for investment purposes.

     

  • Debt Consolidation: Simplify your finances by consolidating an existing home loan with other existing debts, such as personal loans and credit cards, into one easy to manage repayment.

     
     

     Relaxed family managing their finances online after a successful debt consolidation home loan)

General Eligibility & Credit History Guidelines

To qualify for either of our home loans, individual borrowers must be a minimum age of 18 years (the borrower can be an individual, company or trust) . You must be able to service the loan without hardship and be able to meet minimum deposit requirements for purchases.

 

We want to set our clients up for financial success. Please note that these loan products are unlikely to be suitable for borrowers who have unpaid defaults noted on their credit report , have unsettled judgements noted on their credit report without reasonable explanation , or are currently declared bankrupt.

 

Contact Outlook Finance Today

Take advantage of this opportunity and reach out to our mortgage experts if you have any questions or are ready to take the next step toward your property goals.

  • Phone: 1300 432 961

  • Email: info@outlookfinance.com.au

  • Licensing: Australian Credit Licence 418711

Important Information: Please review the Target Market Determinations (TMD) for our Full Doc Loan and Alt Doc Loan to ensure these products align with your objectives, financial situation and needs.

What types of borrowers do your home loans cater to?

We cater to a variety of borrowers to ensure you get the right mortgage fit. Our Residential Full Doc Home Loan is suitable for those with PAYG income, self-employed income, or a combination of both. Our Residential Alt Doc Home Loan is designed specifically for self-employed individuals. For both loans, individual borrowers must be at least 18 years old, and the borrower can be an individual, a company, or a trust.

How much can I borrow for my home loan or mortgage?

Our loan amounts are flexible depending on the documentation you can provide. For both our Full Doc and Alt Doc loans, the minimum loan amount is $100,000. For the Alt Doc loan, the maximum you can borrow is $1,000,000. If you qualify for the Full Doc loan, the maximum loan amount is $2,000,000.

Do you offer low deposit or no deposit home loans?

While many homebuyers search for a no deposit mortgage, our specific Full Doc and Alt Doc home loans do require you to meet minimum deposit requirements for purchases. However, if you have a low deposit, our Full Doc loan allows a maximum Loan-to-Value Ratio (LVR) of up to 90% (including capitalised LMI) for loan amounts up to $1,000,000. The Alt Doc loan offers a maximum LVR of 80%.

What can I use my home loan for?

You can use your approved funds for a wide range of property and wealth-building goals, including:

  • Purchasing a residential property for private use or exploring investment property loans for investment use.
  • Choosing to refinance an existing loan secured by a residential property you already own.
  • Conducting non-structural renovations to your current home.
  • Consolidating existing debts, such as personal loans and credit cards, into one manageable repayment.
  • Releasing equity to purchase personal assets (like cars or boats), to invest in your own business, or for other investment purposes.
Do you offer fixed or variable interest rates?

Yes, we offer flexible rate options to suit your financial strategy. You can choose a variable rate, 1 to 5 year fixed rate options, or a combination of both variable and fixed rates.

Can I make extra repayments on my loan?

Absolutely! We offer unlimited additional repayments for variable rate loans on both our Full Doc and Alt Doc products. You will also have access to an unlimited redraw facility on variable rate loans, giving you peace of mind and flexibility.

What if I have a poor credit history?

We aim to set our clients up for success and ensure you can service the loan without hardship. Because of this, our home loans are unlikely to be suitable for borrowers who have unpaid defaults noted on their credit report, unsettled judgements without a reasonable explanation, or those who are currently declared bankrupt.