Non-residents in Australia can take advantage of a new home loan offering by La Trobe Financial, as the specialist lender announces its new investor loan.
Borrowers for residential and commercial purposes may apply for both Full Doc and Lite-Doc loans, as long as they are verified self-employed non-resident applicants who are often under served by the major Australian banks.
“The non-resident loan product further increases La Trobe Financial’s extensive product range, one of Australia’s broadest range of innovative specialist loan products offered by one lender,” said vice president and head of distribution, Cory Bannister.
Bannister added that no additional accreditation is required for brokers, as they can offer this product immediately to their clients.
“We provide brokers nationally with many opportunities to write more business by expanding or diversifying their loan writing capability into areas they may not have tried before, such as self-employed, Lite-Doc, SMSF, construction, commercial and now new to the market, non-resident,” he said.
It can be confusing to know whether to get a variable rate or fixed rate mortgage, and what features are important. That's why it's important to not only check the right rates, but make sure that you're getting the right features in your home loan. Get help choosing the right home loan