Does anyone know of any no-doc or lo-doc products that will allow you to borrow > $1,000,000.
I require the loan for a residential purchase in what the banks would describe as a blue chip suburb. I am able to contribute 20%.
I am self employed and have used these products before, but never for loans greater that 1m. I know GE have a product but there ‘DEF’ has recently been increased and is now too expensive to get out of.
Thanks
MichelleI can’t think of any off the top of my head. How far over $1mil do you need to go? Is it owner occupied or investment?
Certainly LMI companys PMI, Genworth won’t usually go over $1mil, but there are a few more out there, some non insured.
But expect higher rates and exit fees.Terryw
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I can think of a couple (one which will go to $15M) but again they will want to charge DEF to get some of their money back.
Cheers
Richard Taylor
Residential & Commercial Finance Broker.
Licensed Financial Planner. Ph: 07 3720 1888
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There is a lender you allows you to lend up to 1.2 Million. For a free consultation call : 0413 594 675.
Equity Finance & Mortagage Pty Ltd
Mortgage Advisor mob: 0413 594 675There is also a few lenders who go upto $15 Million.
St George will do $1.5 million on Lodoc at standard rates.
Richard Taylor | Australia's leading private lender
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