Further Lodoc Changes with the Dragon

St George have become the latest lender to withdraw their lodoc product for Company & Trust applicants and become part of the long list of lenders who have exited this type of application.

Amongst the other amendments to their lodoc policy is the "Cash Out" restriction which is now placed at $10,000 over and over the refinanced loan amount plus costs of refinancing.

Maybe the days of living off equity are slowly coming to an end.
 
St George have become the latest lender to withdraw their lodoc product for Company & Trust applicants and become part of the long list of lenders who have exited this type of application.

Amongst the other amendments to their lodoc policy is the "Cash Out" restriction which is now placed at $10,000 over and over the refinanced loan amount plus costs of refinancing.

Maybe the days of living off equity are slowly coming to an end.

Not slowly ;)
 
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