Union Fidelity Capital Funding - Irregular Loan Facilitators Phone: 1800 241 281

Union Fidelity™
Irregular Loan Facilitators

Phone: 1800 241 281

We ask....
because every loan is different,
and every solution is tailored to suit your current requirements,
no matter how pressing your clients current situation

Rate

Union Fidelity™ Centurion

.as at

What is a Centurion Loan?-When your clients do not fit into other lenders criteria, as a result of impairments, or demonstration of income, as a result of mortgage arrears, tax defaults or other logical problems this lender will use alternate methods for a finite amount of time to verify income and will overlook explainable defaults or arrears that have been resolved and will not be repeated

Centurion - Capital Cities & Regional Locations

From 11.95%

Criteria

Coded / Uncoded

Coded and Uncoded Residential Product

Security

1st Registered Mortgage Residential Security in VIC, NSW, ACT, QLD

Max Loan Size

$800,000 or 65%LVR

Min Loan Size

$250,000 @65%LVR

Purpose

Purchase / Refinance / Consolidation

Servicing

Criteria is more flexible than traditional lenders.
We will need some demonstration of capacity to service in commercial terms. If the applicant is currently bankrupt, and wishes to resolve the bankruptcy then we will need proof of income from future jobs post bankruptcy sufficient to service the debt.

Additional Conditions

Performance Bond - An amount equivalent to one months interest at the lower interest rate will be deducted from the principal on the drawdown of the loan and paid to the Mortgage Manager. This amount will be refunded to the Borrower on repayment of all monies owing under the Loan Agreement provided the Borrower has, in the Mortgage Manager's view, conducted the loan satisfactorily and no prepayment of the principal sum is made. In the event of default under the Loan Agreement or related security documentation, the Mortgage Manager may, at its absolute discretion, apply the Performance Bond towards payment of monies outstanding by the
Borrower to the Lender under the security documentation

Lenders Fees

1% App Fee + Vals and Legal Fees at State Scale + risk fee deducted at settlement calculated in impairments

Union Fidelity™ Quick Documents
Application Form (.doc) or (.pdf)
Accountants Letter (.doc) or (.pdf)
Self Certified Declaration
Servicability Calculator (.xls)
Postcode Check
Eligable Security
Litigation Funding

External Links
Get a copy of your CRAA
Is your broker licensed?

..Just Settled...$1.2M Residential Sydney @ 65%LVR, $1.5M Commercial Retail Sydney @70%LVR, $550,000 Rural Moree at 50% LVR, $1.75M Residential Gold Coast at 65% LVR, $200,000 Rural Residential at Port Macquarie at 60% LVR, $990,000 Rural at Molong at 50% LVR, $2.9M Commercial in Sunshine at 55% LVR, Self Managed Super Fund Loan to $1.2M Melbourne Residential @55%

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