I have talked to a mortgage broker and a big bank, and because the market is so busy around here, its going to take a week to get an appointment, and then a further 1-2 weeks to get an approval. I wondered if anyone knows which bank/financial institution would be the quickest to give approvals for a lodoc loan? Thanks for your help and insight.
A week i think he or she is optimistic.
Will depend on a numorous factors such as purchase or refinance, property location, lvr, loan amount, the list goes on.
Have had 2 lodoc loans approved in 2/3 days this week however in saying that have one with Rams which is 21 business days and still going.
Depends on so many factors.
Richard Taylor | Australia's leading private lender
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