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  • Profile photo of LizzyLizzy
    Member
    @lizzy
    Join Date: 2004
    Post Count: 230

    Lo Doc loan for construction loan 80% LVR where client has two Telco defaults paid totals over $500.  One was only paid recently but showed up a year ago.

    Not a DUA deal because of the defaults – do you think mortgage insurers will do it?

    I'm thinking of trying a GE bank first, then last resort I have a PMI bank contact willing to consider…

    your thoughts? word around town is that MI's are pretty scrupulous about declining deals – I get everything on DUA so am nervous about this one !

    Profile photo of TerrywTerryw
    Participant
    @terryw
    Join Date: 2001
    Post Count: 16,213

    Hi Liz

    I think it should probably be ok. I have gotten a few through on low docs. Try St george too, they don't use PMI or GE.

    Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
    http://www.Structuring.com.au
    Email Me

    Lawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au

    Profile photo of pilihppilihp
    Member
    @pilihp
    Join Date: 2006
    Post Count: 26

    Hi Liz,

    If you get stuck, try using Scenario on the Broker Resource website (http://www.thebrokerresource.com.au).

    Profile photo of MortgagemanMortgageman
    Participant
    @mortgageman
    Join Date: 2004
    Post Count: 164

    Hi Lizzy,

    I would try ANZ with that one as they self-insure too now. Good luck with it.

    Kind Regards,

    Cameron Perry
    Director
    Perry Financial Strategies
    Level 13, 30 Collins St
    Melbourne VIC 3000
    Ph (03) 9662 1999
    Fax (03) 9662 2044

Viewing 4 posts - 1 through 4 (of 4 total)

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