Rams through their new owners Westpac have today launched a new lodoc 90 product for all of you who are self employed.
Details are as follows:
1. 7.95% variable interest rate.
2. Mortgage insurance Premium of 2%.
3. Application fee of about $395. Valuation fee of $200.
4. Lodoc application so income must be declared although no need to substantiate through Tax returns. Assets and liabilities must be listed.
5. Must have ABN for 2 years and be GST registered.
6. All other fees and charges are similar to other major lenders.
7. Min Loan amount $150KOther details available on request.
Richard Taylor | Australia's leading private lender
Hi Richard,
is this product for owner occupier or investor. Would i be right in assuming the LVR would be 90%.
regards,
Simon Price
Simon
Yes to both.
Richard Taylor | Australia's leading private lender
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