any low docs above 80%????
- Thread starter Gruntus
- Start date
Hi Gruntus
80%LVR plus capitalisation of the mortgage insurance premium
85%LVR plus some capitalisation
Are you after stated income or no stated income?
Any credit defaults?
How long have you been in business / ABN registered for, what about GST?
What type of security and which postcode?
Do you want any cash out or is this for a purchase?
....... the more information you can provide in forum requests the better quality the answer (just like life, really!)
Cheers
Kristine
80%LVR plus capitalisation of the mortgage insurance premium
85%LVR plus some capitalisation
Are you after stated income or no stated income?
Any credit defaults?
How long have you been in business / ABN registered for, what about GST?
What type of security and which postcode?
Do you want any cash out or is this for a purchase?
....... the more information you can provide in forum requests the better quality the answer (just like life, really!)
Cheers
Kristine
Or we can just answer the question asked:
yes.
But that doesn't really help you does it?
yes.
But that doesn't really help you does it?
Hi thanks for the replies, here is some more info.
80%LVR plus capitalisation of the mortgage insurance premium YES
85%LVR plus some capitalisation YES
Are you after stated income or no stated income?
Any credit defaults? NO
How long have you been in business / ABN registered for, what about GST?
in business for over 5 years, GST registered since july 2006
What type of security and which postcode?
residential 4076
Do you want any cash out or is this for a purchase?
for purchase of rental property
Basically looking to purchase a house around 260k with the minimum cash outlay (of course), happy to pay LMI, if it can be capitalised, even better.
will be refinancing my ppor to gain $30k (which will put it just under 80%LVR), have another 10k cash and will be able to scrape up another 10k but that is about it.
Also due to the nature of my business (2nd hand car parts) not all of my sales figures go onto my BAS, which makes looking at my BAS at bit misleading.
80%LVR plus capitalisation of the mortgage insurance premium YES
85%LVR plus some capitalisation YES
Are you after stated income or no stated income?
Any credit defaults? NO
How long have you been in business / ABN registered for, what about GST?
in business for over 5 years, GST registered since july 2006
What type of security and which postcode?
residential 4076
Do you want any cash out or is this for a purchase?
for purchase of rental property
Basically looking to purchase a house around 260k with the minimum cash outlay (of course), happy to pay LMI, if it can be capitalised, even better.
will be refinancing my ppor to gain $30k (which will put it just under 80%LVR), have another 10k cash and will be able to scrape up another 10k but that is about it.
Also due to the nature of my business (2nd hand car parts) not all of my sales figures go onto my BAS, which makes looking at my BAS at bit misleading.
Like anything you could go to 90% with a Risk Fee charged and NO LMI but you will pay for it not only in the interest rate, the set up costs, the Risk Fee and dont ever want to pay it out cos that will really hurt.
There is a big difference in interest rate and costs between 80 -85 / 90%.
There is a big difference in interest rate and costs between 80 -85 / 90%.
