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					No-Proof Line of Credit


A fully featured home loan for the self-employed or for those unable to
prove their income details.

At MortgageShop we understand how difficult it can be to get a standard
home loan with other lenders when you are self-employed, contractor, or on a
commission.

We realise that sometimes you are worth more than you can demonstrate on
paper. So using our no-fuss and simple approach we rely on a statement
signed by you confirming your income.

The No-Proof Line of Credit is the ideal and relaxed alternative to provide you
with the funds needed to purchase a home, investment property, or even
consolidate a number of loans.

The No-Proof Line of Credit incorporates all the features you would expect in
a fully featured home loan including unlimited free redraws, no ongoing fees
charged plus Internet and phone banking.

To qualify for this loan, you need to have good credit history and some equity
in your existing property and /or savings to obtain the purchase of your new
home or investment property.

No-Proof Line of Credit gives you the freedom to combine your home loan,
savings and transaction account, plus your credit card into one easy to
manage facility. This will help you pay less interest, eliminate ongoing bank
fees and charges and allow you to own your home sooner.

Here's How

Firstly, all your hard earned salary plus any payments, dividends, etc is
deposited directly into your loan account, and as interest is calculated daily
you pay less interest for as long as the money remains in the account. To help
you with this, we give a 0% Interest Visa Account.

Use your 0% Visa Account to pay for all of your day-to-day spending and
living expenses. You can even get interest free cash from most ATM's.


                                MortgageShop.com.au
                   3/29-31 Redleaf Avenue, Wahroonga, NSW 2076
                         PO Box 867, Wahroonga, NSW 2076
            Phone: 02 9487 1625, Fax: 02 9489 8101, Mobile: 0419 483 260
                          Email: info@mortgageshop.com.au
                         website: www.mortgageshop.com.au
At the end of the billing cycle your balance is automatically swept from your
Line of Credit and your limit is renewed. You pay no interest and no
transaction fees whatsoever.

Features at a glance

   •   Unlimited free ATM EFTPOS transactions

   •   Chequebook access to your funds

   •   Unlimited free Internet and phone banking

   •   Weekly, fortnightly or monthly repayments

   •   Additional payments may be made at anytime without penalty

   •   No ongoing monthly or annual fees or charges

   •   Can be combined with our Value-Plus Variable Rate Home Loan




                                MortgageShop.com.au
                   3/29-31 Redleaf Avenue, Wahroonga, NSW 2076
                         PO Box 867, Wahroonga, NSW 2076
            Phone: 02 9487 1625, Fax: 02 9489 8101, Mobile: 0419 483 260
                          Email: info@mortgageshop.com.au
                         website: www.mortgageshop.com.au

				
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posted:5/23/2011
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