Hello i am hoping someone can help me. I have
1. A IP LVR90% worth 950,000 debt 846,000
2. IP LVR 80% worth 1.1-1.2 mil debt 880,000
3. PPR LVR 55% worth 1.8-2mill debt 1.1
4. IP LVR60% worth 950-1mill debt 600,00 (loan granted off the balance sheet)
All my loans are with rams low doc pro packs a part from no.2 which is commonwealth. I have asked rams to increase my PPR loan to 80% in which they said they would look at it after I sell Property no 4 in march to reduce exposure levels. The properties are all within melb inner city 5-10 k CBD, the rentals yield great rent and we have no serviceability issues. Can some one please tell me if rams do lend 80% low doc over 1mill My broker has indicated that because we have already had this loan amount that he is confident that they will any advice? Thankyou
1. A IP LVR90% worth 950,000 debt 846,000
2. IP LVR 80% worth 1.1-1.2 mil debt 880,000
3. PPR LVR 55% worth 1.8-2mill debt 1.1
4. IP LVR60% worth 950-1mill debt 600,00 (loan granted off the balance sheet)
All my loans are with rams low doc pro packs a part from no.2 which is commonwealth. I have asked rams to increase my PPR loan to 80% in which they said they would look at it after I sell Property no 4 in march to reduce exposure levels. The properties are all within melb inner city 5-10 k CBD, the rentals yield great rent and we have no serviceability issues. Can some one please tell me if rams do lend 80% low doc over 1mill My broker has indicated that because we have already had this loan amount that he is confident that they will any advice? Thankyou