BradChapman replied to the topic New Low Docs v Security issue in the forum The Treasure Chest 22 years, 11 months ago
Picking up on Mark’s comment about commercial property being viewed as higher risk because of its specialised nature:
Low doc/No doc loans are now available up to 90% of the properties value (the non conforming version) or 76% on Mortgage Insured Products (most of the market). These are predominantly written by lenders who don’t have com…[Read more]