All Topics / Finance / Morgan Brooks – Low Doc 6.85%

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  • Profile photo of MTRMTR
    Participant
    @marisa
    Join Date: 2004
    Post Count: 663

    Hi all, recently read an article regarding Morgan Brooks offering Low Doc at 6.85%.
    Can anyone shed any light on this. You have probably answered this a zwillion times, but pleazzzzzzzzz one more time……I am after the best low doc loan on the market at present… Many thanks

    Profile photo of Mortgage HunterMortgage Hunter
    Participant
    @mortgage-hunter
    Join Date: 2003
    Post Count: 3,781

    I have a LODOC/NODOC at 6.85%…possibly the same product.

    It will be Mortgage Insured even below 80%

    Also check the deferred establishment fee.

    It is a great product all the same – esp the NODOC which has got several of my clients out of bother in the past.

    Cheers,

    Simon Macks
    Mortgage Broker
    http://www.mortgagehunter.com.au
    0425 228 985

    3 year fixed rate – 6.69%

    Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.

    Profile photo of Mobile MortgageMobile Mortgage
    Member
    @mobile-mortgage
    Join Date: 2003
    Post Count: 913
    Originally posted by Marisa:

    I am after the best low doc loan on the market at present… Many thanks

    HI Marisa,
    The best is not always the cheapest,
    There are so many Low Doc products on the market at present, with rates ranging from 6.47% to 13.75%
    The best low doc loan on the market will be the one that suits your criteria.

    Regards
    Steven
    Mortgage Broker

    [email protected]
    http://www.mobilemortgagemarket.com.au
    Ph:0402483216
    Ph:1800 820 500
    VICTORIA

    PLEASE note comments made should not be taken as specific taxation, financial, legal or investment advice.

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