Island, it has nothing to do with whose is bigger… it is about providing the right information. Is there a problem with the information I provided that annoys you?
Would you like me to delete all my posts that provide correct and accurate information?
You said you just wanted “good info”… do you consider incorrect information “good info”?
Another important point you have missed is that I do not submit loans anymore and Terry does. There is no issue with competition here.
Robert Bou-Hamdan
Mortgage AdviserNAB now do a 60% LODOC with no exit fees.
Standard variable rates apply.
If you use the Choice package you may save on app fees as well.
Cheers,
Simon Macks
Finance Broker
[email protected]
0425 228 985Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.
Doesn’t it suck how HomeSide stopped doing the intro rates on the low docs? That was the cheapest loan on the market if you used the $300 switch after the intro period back into 6.51% plain and simple (before the recent interest rate increase).
Robert Bou-Hamdan
Mortgage AdviserHi Markk,
At 7.32% the STG low doc rate is not competitive,Steven
I would be interested in what rate would be competative in a lo doc variable rate scenario. I went thru a couple of matrices and sourced what I thought was about the best with 60% LVR.
I am still looking for a lo doc high LVR (around 90%-most max out at 80%) without massive exit fees because it is a short term scenario. Not too worried about interest rates-within reason. More concerned over the 3% early discharge they want. Any suggestions??
cheers
markk
Happy Hunting
http://www.kentscollections.comHi all
spoke to my broker today, exit fee ST George $300 which is fine.Asked about a better interest rate. Apparently because land a house package, some lo doc lenders will only provide money when at lock up stage and he stated it was difficult to find a better lo doc product for this scenario???????
Have any of you had similiar experience for L&H set up??
Regards, M[biggrin]
Hi Markk,
A few assorted Low Doc Variable Rates.A) Low Doc 60% LVR 6.72%
Low Doc 80% LVR 6.76%
C) Low Doc 80% LVR 6.99%
D) Low Doc 80% LVR 7.06%
E) Low Doc 80% LVR 7.24%If I publish the name of the lender and the rates I am required to also include the comparison rates, feel free to call or send me an email for the info.
The Exit/DEF fees will be a problem on a short term 90% low doc.
Have you considered raising the LVR on your current STG low doc with another lender? in doing so you may only require an 80% lend or lower on the short term low doc loan you are currently pursuing, Cheers.Regards
Steven
Mortgage BrokerMobile Mortgage Market
Ph: 0402 483 216
[email protected]
http://www.mobilemortgagemarket.com.auPLEASE note comments made should not be taken as specific taxation, financial, legal or investment advice.
Hi Steven
Have had that thought but the moment we go over 60% LVR Mortgage Insurance kicks in and on the amount we are looking at we were quoted about $8000.
Any repuable lo doc 80% lends without LMI or with low LMI. I know there are only a couple of morgage insureers out there.
markk
Happy Hunting
http://www.kentscollections.comBanks are now required to take LMI on any Low Doc over 60% LVR. You can find many non-bank lenders who do not charge LMI. Some of them have unusual maximum LVRs like 76% before they charge you LMI. I believe a few even go to 90% LVR with no LMI but you pay for it interest. Personally, I would prefer to pay the one-off LMI charge than get ripped off in interest.
Robert Bou-Hamdan
Mortgage AdviserHi Markk,
EG, Low Doc 80% LVR 7.24% to a 6.90% revert rate after 4 years, this lender will absorb the LMI.Alternatively, depending on the term & amount of finance required, it may be more beneficial to pay the LMI and arrange finance with one of the lenders below at the lower rate,
Low Doc 80% LVR 6.76%
C) Low Doc 80% LVR 6.99%
D) Low Doc 80% LVR 7.06%Regards
Steven
Mortgage BrokerMobile Mortgage Market
Ph: 0402 483 216
[email protected]
http://www.mobilemortgagemarket.com.auPLEASE note comments made should not be taken as specific taxation, financial, legal or investment advice.
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