Archive for "September, 2010"
New funding available for low doc loans
September 30, 2010 | Comment 0
There is no question that funding for low doc loans has tightened. Having said that, to compensate for that tightening, during the month of September we have seen new sources of funding become available. We now have access to a new 70% product for low doc loans in the Sydney metropolitan area. It does not include credit impaired low doc loans. For development finance, we now have access to a fu...Read more.
Low Doc Loans 70 Refinance
September 2, 2010 | Comment 0
Low Doc Loans 70% refinance with no mortgage insurance. • NO LMI applicable between 60% & 70% • Max loan amount $1.5m on single security and $2m for multiple securities • Available for purchases and refinance (no cash out or consolidation of unsecured debt) • Refinance business debt up to 20% of loan amount • Company and trust borrowers ...Read more.
