These guys just sent me an email with a seemingly attractive lo doc product. Anyone taken this offer up or are there similar lodoc deals around at present?
IR quoted at 8.68%
I have a duplex pair with a 60% LVR through St George. Wouldn't mind grabbing an extra 20% cash out (around 170k) but it will cost me +2% for the deal.
Their lodoc standard requires no BAS or accountants declaration - though doesn't mention current IR
Having seen these offers I can only assume that credit may be freeing up a little in the lodoc market??
Unlimited Cash out up to 80%*
No Bas or trading statements required
Financial declaration and accountants verfication only required.
No LMI - one off credit risk fee
Loans up to $1,000,000
ABN only required for 12 months
IR quoted at 8.68%
I have a duplex pair with a 60% LVR through St George. Wouldn't mind grabbing an extra 20% cash out (around 170k) but it will cost me +2% for the deal.
Their lodoc standard requires no BAS or accountants declaration - though doesn't mention current IR
Having seen these offers I can only assume that credit may be freeing up a little in the lodoc market??