T toylux95 2nd Mar, 2010 #1 hey i am looking at trying to get a seccond mortgage. does anyone know of a bank or institution that will still do this? i am self employed soo will need to be low doc any advice is greatly appreciated. cheers Chris lloyd
hey i am looking at trying to get a seccond mortgage. does anyone know of a bank or institution that will still do this? i am self employed soo will need to be low doc any advice is greatly appreciated. cheers Chris lloyd
Qlds007 3rd Mar, 2010 #2 Chris have to say why second mortgage. Would be doable (subject to lvr etc etc) but certainly isnt going to be cheap especially under lodoc. To be honest depending on the amount required probably be cheaper to refi and increase the loan accordingly.
Chris have to say why second mortgage. Would be doable (subject to lvr etc etc) but certainly isnt going to be cheap especially under lodoc. To be honest depending on the amount required probably be cheaper to refi and increase the loan accordingly.
S super_sam 3rd Mar, 2010 #3 Never heard of a bank doing seconds. Be prepared to pay anywhere from 2% to 10% per month
Qlds007 3rd Mar, 2010 #4 At between 2% - 10% per months subject to the LVR it would be doable. Usually max 80% inclusive of rolled up interest on residential deal. Preference of course for 70-75%.
At between 2% - 10% per months subject to the LVR it would be doable. Usually max 80% inclusive of rolled up interest on residential deal. Preference of course for 70-75%.
Evachange 4th Mar, 2010 #5 Some lenders will go 2nd Mortgage, but yea agree with the other posts that would be cheaper to refinance and increase the loan.
Some lenders will go 2nd Mortgage, but yea agree with the other posts that would be cheaper to refinance and increase the loan.
