| Prime | Near Prime | Specialist | Specialist+ | |
| Cash-out | Unlimited | Unlimited | Unlimited <= 80% LVR $200k >80% LVR |
|
| Line of Credit (max 50/50 split) |
Unlimited | Unlimited | Unlimited <= 80% LVR $200k >80% LVR |
|
The purpose of the cash out on an application must be deemed acceptable by an Underwriter with any cash out exceeding 50% of the valuation or $200k requiring evidence of the use of funds:
- Statement of advice/letter from a financial planner or qualified accountant
- Quotes/contracts or detailed list of estimated expenses for home improvements or business use
- Contract of Sale, Purchase Order or Invoice
- Active share trading account
Where evidence cannot be obtained, a statutory declaration from the applicants confirming the purpose is required.
At their discretion, an underwriter may decide to control the release of funds to an appropriate 3rd-party, regardless of the cash-out amount.