Frequently Asked Questions (FAQs)

What is the difference between a Full Doc and an Alt Doc home loan? A Full Doc home loan is suitable for borrowers who have an income source which is either PAYG, self-employed, or a combination of both. An Alt Doc (Low Doc) home loan has been designed specifically for individuals whose income source is self-employed.

How much can I borrow with an Outlook Finance home loan? If you apply for our Residential Full Doc Home Loan, the minimum loan amount is $100,000 and the maximum loan amount is $2,000,000. For our Residential Alt Doc Home Loan, the minimum loan amount is $100,000 and the maximum loan amount is $1,000,000.

What is the maximum Loan-to-Value Ratio (LVR) I can get? For a Full Doc home loan, the maximum LVR is up to 90% for loans up to $1,000,000 (which includes capitalised LMI), and up to 80% for loans up to $2,000,000. For an Alt Doc home loan, the maximum LVR is 80%.

Can I choose interest-only repayments on my mortgage? Yes, repayments for both our Full Doc and Alt Doc home loans can be Interest Only for up to 5 years, before reverting to Principal & Interest repayments. Further 5-year Interest Only periods may also be available on application. Please note that Interest Only loans must be paid monthly.

Can I get a home loan with unpaid defaults on my credit report? These products are unlikely to be suitable for borrowers who have unpaid defaults noted on their credit report. They are also unlikely to be suitable if you have unsettled judgements noted on your credit report without a reasonable explanation , or if you are currently declared bankrupt.

Can I use the equity in my home to fund a business? Yes! Both of our loan options allow you to release equity to purchase or invest in your own business, using a residential property you already own as security.

Our mission is to empower individuals with stable employment and robust credit histories to achieve their dreams through full doc loans. For those who are self-employed, freelancers, or have unique income streams, we believe in your potential and are here to support you with low doc and alt doc loans, ensuring you have the opportunity to thrive without the burden of excessive documentation.