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  • Profile photo of SNAVESNAVE
    Member
    @snave
    Join Date: 2004
    Post Count: 3
    April 24, 2004 - 10:17 pm

    Hi all,

    I am just new to these forums.I am currently working as a tax consultant.My husband and I currently own 2 ips and our own home.

    With trusts there are about 15 different types of trusts that can be set up for different circumstances.

    All these trusts have pros and cons, but sometimes at setting these up they might have cons but further down the track they can lead to pros.It is best to get that advise from a accountant or solicitor.

    Profile photo of SNAVESNAVE
    Member
    @snave
    Join Date: 2004
    Post Count: 3
    February 29, 2004 - 12:44 pm
    Quote:
    Originally posted by MortgageHunter:

    If your deposit is large enough then you may qualify for a LODOC loan or a NODOC loan where you wont need to substantiate income.

    Many lenders offer these with all different requirements. Best to speak to a broker who specialises in this area to see what your profile fits.

    All the best,

    Simon Macks
    Mortgage Broker
    [email protected]
    0425 228 985

    Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.

    Could you please explain what a LODOC and a NODOC loans are please ?

    Thanks Lynda and Mike

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