Posted Friday, 28 October 2011 at 15:09 by Michael Chan
Tagged: interest rates | Low Doc loans
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Low Doc Loans
Since the introduction of NCCP; the major 4 banks has decreased it's low-doc product offering...However with our extensive network and connections we have sourced lenders that are RAMPING up their low-doc offering.
- 80% new purchase with no BAS or trading statements, one year ABN and accountant declaration only
- 85% new purchase and refinance with only 6mth ABN and last three month bank statements showing turn over
- 65% refinance up to 2mill with unlimited cash out
- 80% construction loans and goes between loans
- Refinance existing low doc loans including company/trusts and other non conforming loans
- Commercial non specialized properties up to 75%
- NO DOC loan with an accountants declaration sign off 55% LVR
- Low doc 80% LVR with a great 3 years fixed rate of 6.59%.
- 60% LVR Accountants sign off only.
Click here for the latest Low doc rates