Search results

Hi Wylie, that sounds more reasonable. I think most brokers will have stories of people without an income expecting lo doc loans simply because they've got a large deposit. Like others have indicated, I haven't written a lo doc loan in years. They are still available but the criteria are...

Wylie there's a few things you've mentioned that worry me a little. * It doesn't matter how much equity you've got. This does not increase your affordability. * You've suggested that you're not self employed, but part time PAYG. This would preclude a person from a lo doc loan. *...

Are you aware of what the repayments will be. Have you realistically done a budget taking into account all the holding costs of the property? Can you really afford this? It sounds like there's a lot more to this application that's been described. There might be some funny business going on...