Comments for Low Doc Loans and No Doc Loans http://www.lowdoc.com.au The Home of the Low Doc Loan Mon, 05 Oct 2009 12:54:06 +1100 http://wordpress.org/?v=2.9.2 hourly 1 Comment on What is the future for Low Doc Home Loans? by lowdoc http://www.lowdoc.com.au/2009/low-doc-loans/what-is-the-future-for-low-doc-home-loans/comment-page-1/#comment-6 lowdoc Mon, 05 Oct 2009 12:54:06 +0000 http://www.lowdoc.com.au/?p=108#comment-6 There has been a continuation by the lenders to decrease the lending ratios in regards to Low Doc Loans. Previously, the norm had been 80%, however we are now seeing this ratio being wound back by the banks and the norm becoming 60% for well priced Low Doc Loans. We are now witnessing a further distinction being made between purchases and refinances. How long this will stay for for no one knows, however as previously stated at some stage this will this free up, as market competition come into play. Are Low Doc Home Loans dead, as some in the media have said? No, they are simply going through a period of re rating. There has been a continuation by the lenders to decrease the lending ratios in regards to Low Doc Loans. Previously, the norm had been 80%, however we are now seeing this ratio being wound back by the banks and the norm becoming 60% for well priced Low Doc Loans. We are now witnessing a further distinction being made between purchases and refinances.

How long this will stay for for no one knows, however as previously stated at some stage this will this free up, as market competition come into play.

Are Low Doc Home Loans dead, as some in the media have said? No, they are simply going through a period of re rating.

]]> Comment on What is the future for Low Doc Home Loans? by admin http://www.lowdoc.com.au/2009/low-doc-loans/what-is-the-future-for-low-doc-home-loans/comment-page-1/#comment-4 admin Mon, 21 Sep 2009 16:15:36 +0000 http://www.lowdoc.com.au/?p=108#comment-4 With Westpac now announcing they will also require BAS statements, RAMS will also move, either Wednesday or Thursday this week With Westpac now announcing they will also require BAS statements, RAMS will also move, either Wednesday or Thursday this week

]]> Comment on What is the future for Low Doc Home Loans? by lowdoc http://www.lowdoc.com.au/2009/low-doc-loans/what-is-the-future-for-low-doc-home-loans/comment-page-1/#comment-3 lowdoc Thu, 17 Sep 2009 05:05:37 +0000 http://www.lowdoc.com.au/?p=108#comment-3 St George have announced that effective 19 September 2009 a Low Doc Home Loans application must be supported by Business Activity Statements (BAS) for the last 12 months St George have announced that effective 19 September 2009 a Low Doc Home Loans application must be supported by Business Activity Statements (BAS) for the last 12 months

]]> Comment on What is the future for Low Doc Home Loans? by admin http://www.lowdoc.com.au/2009/low-doc-loans/what-is-the-future-for-low-doc-home-loans/comment-page-1/#comment-2 admin Fri, 11 Sep 2009 05:22:37 +0000 http://www.lowdoc.com.au/?p=108#comment-2 In the interim, even though most Low Doc Loans are now done at 60%, there are still lenders out there who will do an 80% purchase Low Doc Home Loan without BAS statements. In the interim, even though most Low Doc Loans are now done at 60%, there are still lenders out there who will do an 80% purchase Low Doc Home Loan without BAS statements.

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