Low Doc Loans

[Rolf Latham]

yes there are ways.........like get the lender to control the funding to buy another place for example, or in some cases they will allow a cheque to an investment shares account if supported by a plan.

Even on full doc, some lenders are now getting stoopid with cash out

ta
rolf

 

[Wishlist]

Hey Wishlist,
I have just got an 82% LVR lo-doc (no BAS's reqd) with Bankwest with no problems.
Boods

Good to hear Boods. What kind of paperwork did you need to submit, and was being registered for GST part of the equation?
Thanks

 

[boods99]

Good to hear Boods. What kind of paperwork did you need to submit, and was being registered for GST part of the equation?
Thanks

yes, my ABN and GST registration are both older than 24 months.
Basically, we submitted an income declaration form, together with all of the other "standard" forms...my broker mostly drove this one for me...

Boods

 

[Peter_Tersteeg]

I received an email from a lender looking for business the other day stating they can do lo doc refinances with cash out & no BAS. Rates were well over 7%, but if that's what it takes. I can't remember the details right now, but it was a mortgage manager or private funder.

 

[Token Funder]

I received an email from a lender looking for business the other day stating they can do lo doc refinances with cash out & no BAS. Rates were well over 7%, but if that's what it takes. I can't remember the details right now, but it was a mortgage manager or private funder.

Probably Pepper.

 

[Spectre]

kinda like

For Lo Doc refinances with
NO BAS

Premium Specialist Lo Doc
• Rates from 7.97% (higher rates at higher LVRs as below)
• No BAS on refinances
• Cash out up to 25% of loan amount up to 80% LVR
• No vacant land or construction
• Must be GST registered
60% LVR = 7.97%
70% LVR = 8.02%
75% LVR = 8.27%
80% LVR = 8.52%
85% LVR = 9.58%

 

[mitchmakhan]

Hey People, been a long time since i visited this forum, (killing time)yes there is refi lo docs out there, thru some mortgage management companies, but not cheap money anymore....one might be better looking at the overall portfolio and looking for other strategies in acquisition.

Mitch

 

[Mamaof3]

for cash out you're probably gonna have better luck with mortgage managers as mentioned..