Lo Doc loan for construction loan 80% LVR where client has two Telco defaults paid totals over $500. One was only paid recently but showed up a year ago.
Not a DUA deal because of the defaults – do you think mortgage insurers will do it?
I'm thinking of trying a GE bank first, then last resort I have a PMI bank contact willing to consider…
your thoughts? word around town is that MI's are pretty scrupulous about declining deals – I get everything on DUA so am nervous about this one !
Hi Liz
I think it should probably be ok. I have gotten a few through on low docs. Try St george too, they don't use PMI or GE.
Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
http://www.Structuring.com.au
Email MeLawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au
Hi Liz,
If you get stuck, try using Scenario on the Broker Resource website (http://www.thebrokerresource.com.au).
Hi Lizzy,
I would try ANZ with that one as they self-insure too now. Good luck with it.
Kind Regards,
Cameron Perry
Director
Perry Financial Strategies
Level 13, 30 Collins St
Melbourne VIC 3000
Ph (03) 9662 1999
Fax (03) 9662 2044
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