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  • Profile photo of highlvrhighlvr
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    @highlvr
    Join Date: 2005
    Post Count: 3
    September 18, 2005 - 7:29 am

    Word on the grape vine is that First Permanent will next week announce its 106% loan is to include SELF EMPLOYED & Investor with 70% of rental. Apparently their loan limits are to go up but I don’t know by how much. A broker buddy in Wagga said they will be allowed to lend there.Some other announcements are to be made (but don’t know what)

    ANYONE KNOW MORE??…IS IT TRUE?

    Profile photo of highlvrhighlvr
    Member
    @highlvr
    Join Date: 2005
    Post Count: 3
    August 11, 2005 - 8:02 am

    Richard –

    Thanks for the Devine Ltd clue – I just visited the establishmentloan.com.au web page which is the loan brand name of First Permanent. There I discovered that First Permanent – while owned by Devine – is actually funded by Merrill Lynch New York. Where does Bank SA/St George fit in?

    Ron

    Profile photo of highlvrhighlvr
    Member
    @highlvr
    Join Date: 2005
    Post Count: 3
    August 11, 2005 - 7:34 am

    Jim,

    The First Permanent 106% loan is a full doc. While the rate is a tad higher than standard, these guys will get you out of that loan into a conforming one ASAP. They even encourage their introducing brokers to ‘refinance’ the loan ASAP. Great Product…does anyone know who the genius behind the 106% is???

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