Archive for the "News" Category
Low Doc Loans 70 Refinance
September 2, 2010 | Comment 0
Coming soon. Low Doc Loans 70% refinance with no mortgage insurance. Watch this space !!!...Read more.
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.
Low Doc Loans 80% refinance
July 6, 2010 | Comment 0
Low Doc Loans can be used to refinance existing home loans at 80%, however they are harder to get approved due to the tightening of credit criteria by the banks. As a guide the loan being refinanced should be a full document loan and if there are any extra funds being requested then the purpose of these extra funds must be clearly stated. Full Doc Loan to Low Doc Loan at 80% For 80% refi...Read more.
Large Low Doc Loans
May 11, 2010 | Comment 0
Large low doc loans are still available. Many lenders are now capping out their maximum low doc loan amount at $2.5 million. There is still funding for large million dollar low doc loans above this figure. As a guide you are looking at 2% set up costs and a normal investment home loan rate. Maximum 60% LVR and sound residential security. Cash out available in certain circumstances. Ideal for p...Read more.
Bankwest low doc loans withdrawn
April 28, 2010 | Comment 0
Effective Close of business 30 April 2010 Bankwest Low Doc Home Loans will be withdrawn from sale. What does this mean? Refinances will no longer be available, using a Bankwest Low Doc Loan. For purchases there will be the re launch of the Easy Doc Product. This means there will only be one rate irrespective of the LVR. The Easy Doc Home Loan will automatically roll to the Lite Home Loan ...Read more.
Low Doc Loans mortgage insurance postcodes
April 19, 2010 | Comment 0
Low Doc loans are historically divided into two categories. Low Doc Loans without mortgage insurance and low doc loans that are mortgage insured. 60% LVR Generally low doc loans 60% or less do not require mortgage insurance. For this reason they are easier to qualify for. However, they do require 40% equity. Up to 80% These low doc loans are normally mortgage insured, however, it is ...Read more.
CBA Low Doc Loans increase .25%
March 2, 2010 | Comment 0
CBA Low Doc Loans and ANZ Low Doc Loans have both moved quickly to increase their rates by 0.25% St George Low Doc Loans and Westpac Low Doc Loans have held off moving more than the RBA rate increase as well. Both the CBA and ANZ will also increase their deposit rates by 0.25% as well Are rates heading back to normal? What's normal home loan rates? As a footnote to the above, ANZ L...Read more.
Rural Low Doc Loans
February 15, 2010 | Comment 0
Rural low doc loans now available for loans that have an investment purpose. Generally for a year only, so there needs to be a clear exit strategy so the loan can be paid back. These types of loans are normally low LVR, and it is preferable there is a building on it, although not mandatory. 85% LVR Low Doc Loan for clean credit still achievable in major metropolitan areas. Also Low Doc Loa...Read more.
Low Doc Loans 80 No BAS
February 10, 2010 | Comment 0
Low Doc Loans 80% No BAS now available for refinance and purchase. No Business Activity Statements required. Clean credit only. Available in major metropolitan areas. Must be zoned residential and have a building in sound condition on the property. Rates are different dependent on upon whether it is a refinance of an existing low doc loan, or a purchase. Rates as per the home page. If you a...Read more.
