Low doc lenders

A

Anonymous

Guest
From: Anonymous


I'm sure lots of investors have reached the point where they can no longer get finance due to lack of serviceability. Has anyone used a low doc lender that doesn't require proof of earnings to overcome this problem?
 
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Reply: 1
From: Rolf Latham


Hi Anon

There are other ways to overcome the service issues at least in the immediate future.

Not knowing your circumstances here are some suggestions. if you are looking at no docs Im assuming that you have barrow loads of cash or equity for deposits.

Look for another lender, there are huge differences in what some will and some wont do.

Put in place structures such as those implemented by Steve Navra, which can get around the serviceability and cashflow problems.

Ta

Rolf
 
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A

Anonymous

Guest
Reply: 1.1
From: Anonymous


Rolf
I'd love to know some other ways of getting around the serviceability issues - can you direct me?
Steve
 
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Reply: 1.1.1
From: Joanna K


I have used Resi, and they have a product that allows no docs, and I found it a breeze. Obviously you need a larger deposit, but it was terrific not having to give them so much information. The interest was very competitive also.




Kind regards
THE RENTAL SPECIALISTS

Joanna Karavasilis
Principal

www.rentalspecialists.com.au
rentals@rentalspecialists.com.au
 
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Reply: 1.1.2
From: Rolf Latham


Hi

try www.navrainvest.com.au for some ideas.

Also initiall speak to yiur broker about seeing what they can do for you, since there can be BIG differences in what some lenders will allow you to have
Ta

Rolf
 
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