nah, they are lo doc loans of old.
Thats why we liked no doc............... where the declaration said "i can afford the loan"
Under the NCCP rules a broker and a lender needs to make sure the numbers a borrower provide are real, and there are a few checks and balances.
ta
rolf
Just be careful with what lenders you approach since some arent very keen on rental rtns above 6 to 8 %.
A decent broker can make that call for you ..................but oddly enough, many of the locals wont know of the restrictions because such % rental rtns are quite rare in Sydney.
If...
Hiya
Welcome to ss
Lo doc ............... for a PAYG income earner, probably not wise, whats more the ATO may end up with a nice audit double layer cake.
Have a chat with Jamie
if he cant sort a compliant and great deal for you, no one can
ta
rolf