Is there currently any Lo Doc loans 80%lvr min for a customer with ABN more than 2yrs, 2 paid defaults both utilities, Loan amount $450000 – 500,000?
Hi Wrap, yes there are lenders who will consider depending on size of defaults. Rams for one will consider, maybe some of the brokers on here can let you know other lenders.
Let me know if you need help with Rams
Cheers
Hi Wrap
Yes as Raymond has mentioned depending on the size of the default there are certainly lenders out there who will consider the loan.
The balance of the application information is important in cases like this.
Richard Taylor | Australia's leading private lender
one default $1585 telco second default $525 elect due to come off in august
You would probably be ok.
On that basis i am assuming they were registered in 2002 ish.
As long as they were paid relatively promptly you should be able to achieve that.
Richard Taylor | Australia's leading private lender
Hi Wrap, those paid defaults would be acceptable under Rams policy at that LVR and loan amt.
ABN 2 years and GST reg (earning > $75k)Let me know if you want rates
Cheers
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