All Topics / Help Needed! / Loc Doc loan with a trust

Viewing 3 posts - 1 through 3 (of 3 total)
  • Profile photo of builditbuildit
    Participant
    @buildit
    Join Date: 2007
    Post Count: 1
    March 3, 2007 - 2:24 pm

    Hi All

    My mortgage broker is saying that a trust (i will be using a HBT) cant get a loc doc loan. Is this correct?

    Cheers
    [confused2]

    Profile photo of Alistair PerryAlistair Perry
    Participant
    @aperry
    Join Date: 2004
    Post Count: 891
    March 4, 2007 - 1:10 am
    My mortgage broker is saying that a trust (i will be using a HBT) cant get a loc doc loan. Is this correct?

    No it’s not true. There are fewer choices when using a HDT, but there are still plenty of lenders who are fine with this structure.

    Regards
    Alistair

    Profile photo of TerrywTerryw
    Participant
    @terryw
    Join Date: 2001
    Post Count: 16,213
    March 4, 2007 - 1:17 am

    Crap.

    Trusts certainly can get low doc and No doc loans. Multiple lenders allow Low Doc loans for trusts and companies. One that doesn’t however is ANZ.

    Terryw
    Discover Home Loans
    [email protected]
    Send an email to get my newsletter.

    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

Viewing 3 posts - 1 through 3 (of 3 total)

You must be logged in to reply to this topic. If you don't have an account, you can register here.