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Reply: 2.1.1.1.1.1.1 From: Rolf Latham Hi Tim Simply put, it means that income proof is not required. For most of these loans you sign a declaration that you can afford the loan. Obviously the LVRs will be lower than standard lending and the rates tend to be a little higher Ta Rolf

Reply: 2.1.1 From: Rolf Latham Hi Ajax Lo doc over home 75 % LVR LOC. This releases 175 k for a deposit for an IP. So set aside 25 k aside for costs and based on a 75 % LVR you can use 150 as a deposit and you could theorically purchase a 750 k prop. Be aware though that most no docs...

Reply: 1 From: Rolf Latham Hi Bruce Your friend has a number of options: 1. take the hint from the lenders that they feel he is overexposed (im not being rude, as long as he knows what hes doing :o. Obviously its a serviceability issue. 2. Not all lenders lend the same amounts NOR assess...