Archive for "August, 2010"
Low Doc Commercial Loans
August 19, 2010 | Comment 0
Low Doc Commercial loans are still available up to a maximum LVR of 75% on good commercial properties in major metropolitan areas. The maximum loan size at 75% is $1million. Larger loans are available at lower LVRs. Applicants, which can also include companies, must have clean credit and current loan must have been paid on time. This is to be shown through six months loans statements. Specialis...Read more.
Lending for low doc loans tightens
August 2, 2010 | Comment 0
Since the Global Financial Crisis there has been a gradual tightening of credit policy. This has been particularly evident in the case of low doc loans. It has been especially noticeable with the major banks. We are often receive a call where the customer is with a particular lender, they have gone to get a top up or change their existing loan and are now subject to the bank's new lending criteria...Read more.
