All Topics / Finance / Low Doc Finance

Viewing 9 posts - 1 through 9 (of 9 total)
  • Profile photo of keenazkeenaz
    Member
    @keenaz
    Join Date: 2004
    Post Count: 14

    Hi all
    Can anybody give me advice on where I can get a low doc loan with no early exit fees,reasonable rate and 90% LVR or am I just dreaming?
    Have been self employed for some 18 years although have changed busineeses the present one showing returns only for 12-16 months hence the Low Doc theory.
    Added to this is the fact that I have purchased a property which has to settle Febuary……Not Bad Heh!!
    Please advise if able.[blush2]

    Profile photo of Richard TaylorRichard Taylor
    Participant
    @qlds007
    Join Date: 2003
    Post Count: 12,024

    Hi there

    Lodoc 90% is available with an ABN for 1 day but i have to say most lenders will have some sort of early repayment penalty if you are merely looking to buy it and then quickly sell it on.

    I would need more information to be able to give you exact pricing and costs as most of these lodoc deals are strictly post code limited but nothing is impossible.

    Cheers

    Richard Taylor
    Residential & Commercial Finance Broker.
    Licensed Financial Planner. Ph: 07 3720 1888
    [email protected]
    Looking for life cover – We Guarantee to beat any quote you have in writing.

    Richard Taylor | Australia's leading private lender

    Profile photo of keenazkeenaz
    Member
    @keenaz
    Join Date: 2004
    Post Count: 14

    Cheers Richard
    thanks for the reply firstly i like that sort of attitude (nothings impossible)
    what about interest rates are they in line with full doc loans etc.

    Profile photo of Richard TaylorRichard Taylor
    Participant
    @qlds007
    Join Date: 2003
    Post Count: 12,024

    Sorry for the delay in responding.

    Interest rate for a lodoc 90 is around 8.20% variable.

    If you want to give me a post code / suburb i can check out to see whether it is an acceptable area.

    Cheers

    Richard Taylor
    Residential & Commercial Finance Broker.
    Licensed Financial Planner. Ph: 07 3720 1888
    [email protected]
    Looking for life cover – We Guarantee to beat any quote you have in writing.

    Richard Taylor | Australia's leading private lender

    Profile photo of keenazkeenaz
    Member
    @keenaz
    Join Date: 2004
    Post Count: 14

    postcode is 3340 cheers!

    Profile photo of Richard TaylorRichard Taylor
    Participant
    @qlds007
    Join Date: 2003
    Post Count: 12,024

    Hi there

    Yes Bacchus Marsh seems to be fine.

    Cheers

    Richard Taylor
    Residential & Commercial Finance Broker.
    Licensed Financial Planner. Ph: 07 3720 1888
    [email protected]
    Looking for life cover – We Guarantee to beat any quote you have in writing.

    Richard Taylor | Australia's leading private lender

    Profile photo of keenazkeenaz
    Member
    @keenaz
    Join Date: 2004
    Post Count: 14

    great richard
    what about lmi and my above mentioned time frame?

    Profile photo of Richard TaylorRichard Taylor
    Participant
    @qlds007
    Join Date: 2003
    Post Count: 12,024

    Anything is possible but you would need to be quick.

    LMI can be capitalised and they charge a slightly higher interest rate or you can pay it.

    Email me if you want me to look at anything for you and I will give you a list of what you would need to produce.

    Cheers

    Richard Taylor
    Residential & Commercial Finance Broker.
    Licensed Financial Planner. Ph: 07 3720 1888
    [email protected]
    Looking for life cover – We Guarantee to beat any quote you have in writing.

    Richard Taylor | Australia's leading private lender

    Profile photo of keenazkeenaz
    Member
    @keenaz
    Join Date: 2004
    Post Count: 14

    G`Day richard
    please send back info required for lowdoc app and will reply asap
    thanx
    P.S. go aussies!!!

Viewing 9 posts - 1 through 9 (of 9 total)

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