Look at the history of Silicon Valley

Originally posted by Terryw:
Hi G.

Don’t get too excited yet!

Some points to consider:

1) In this case, the developer has probably increased the purchase price so he can give a bit back to you.

2) It may be tax free if owner occupied, but if investment it would need to be taken into account when you sell for CGT reasons.

3) Will the developer…[Read more]

As far as I know the only thing the applicant has to supply apart from the app form is a self cert, they do not even have to disclose an income figure for affordability purposes.

This I believe, was introduced for a couple of reasons, one being the ATO, the other is for limiting the lenders from looking like bankruptcy peddlers if the borrower…[Read more]

Correct you are!

RAMS Pro-pack No Doc, 6.72% No ABN, 80% no LMI over 500k

Looks like the lending market is starting to starve!

G

You can get 85% No LMI depending on the strength of the borrowers credentials and the loan amount, we have achieved this on more than one or two occassions between major lenders.[biggrin]

Not bad, how about a 6.72% NoDoc? No ABN, Self Cert, 65%<500k 80%>500k LVR Built in LMI

I’m excited!

G