All Topics / General Property / low doc lending leveraging

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  • Profile photo of AlwayslearningAlwayslearning
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    @alwayslearning
    Join Date: 2003
    Post Count: 44

    It has become possible to leverage up to 3to 4m in loans through a number of different lending institutions without proof of income or financials

    Ie Adelaide bank will lend up to 1m 76% LVR with mortgage insurers ge however Liberty finance Bluestone finance and pepper home loans are self mortgage insured and do not need ge or pmi to underwrite .This means self employed are no longer stifled gearing up to say a 5m port folio of property.
    Based on a statuory declaration of income inc rental income funds can be obtained by the way Liberty finance will lend up to 90% LVR .These are their quoted facts and their web site information will confirm this.

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