All Topics / Finance / lo docs

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  • Profile photo of freedomfinderfreedomfinder
    Member
    @freedomfinder
    Join Date: 2004
    Post Count: 63

    greetings
    i recently heard a radio ad from a mob called lo doc loans (i think thats what they call themselves). Anyways i ring m up an the interest rates quoted were bank rate i.e standard var. 7.07
    3 yr fixed 6.95 5 yr fixed 7.19.
    Its good to see that someone is matching rates to help ppl like me.
    any comments or comparisons.

    so my question is as i have a refinance coming up. apprx 3 months. and the business of lending money is just that a business. Can lenders be more competative in to attracting my business and what sacrafices can be taken. i believe everything is negotiable and with the right players on my team i can assure future business.

    so anyone out there wanna have a go. PM me or email me [email protected].

    Profile photo of AdministratorAdministrator
    Keymaster
    @piadmin
    Join Date: 2013
    Post Count: 3,225

    >>so anyone out there wanna have a go. PM me or email me [email protected].<<

    I’ll go one better than that Freedomfinder.

    If you are after a Low Doc loan at a better rate speak to the Low Doc King for an even better deal.

    I know him well as I shave him everyday. [cap]

    Pisces

    Profile photo of LizzyLizzy
    Member
    @lizzy
    Join Date: 2004
    Post Count: 230

    6.47% at 60% lend is pretty competitive…

    Liz Wilson

    Mortgage Lender

    Profile photo of Stuart WemyssStuart Wemyss
    Member
    @stuart-wemyss
    Join Date: 2003
    Post Count: 598

    Yes if loan > $250k ANZ will do 6.47% @ 60% LVR (but there are a few major lenders that will lend at 60% at standard rates).

    Suncorp will do 80% (P&I) at 6.97%.

    Watch the smaller lenders products… rate might look good but they can have high upfront fees and significant break fees. Make sure that you just don’t focus on rate but consider all fees.

    Cheers

    Stu

    Profile photo of wrapfinderwrapfinder
    Member
    @wrapfinder
    Join Date: 2004
    Post Count: 8

    Hi Mortgage Adviser –

    Is that a low doc loan to 80%?

    Profile photo of wrapfinderwrapfinder
    Member
    @wrapfinder
    Join Date: 2004
    Post Count: 8

    Hi Mortgage Adviser – me again. Sorry, I just realised this is a lo doc discussion, so it must be! My first posts – still getting the hang of it!

    mandym

Viewing 6 posts - 1 through 6 (of 6 total)

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