Search found 6 matches

by Mikey81
Sat Oct 09, 2010 8:36 pm
Forum: Home Loan Forum
Topic: 1 day ABN and Low doc loans
Replies: 1
Views: 6701

1 day ABN and Low doc loans

Hey Otto

Just wondering if there are lenders that accept 1 day ABN and willing to do low doc (less than 60% LVR and as a refinance)

If so, can you please list all the lenders that you know so I can make some enquiries.

Thanks a bunch.


Mikey
by Mikey81
Sat Jun 19, 2010 5:46 pm
Forum: Home Loan Forum
Topic: Couple of questions
Replies: 1
Views: 7424

Couple of questions

Hi Otto

Just a few questions.

1. I received my Veda credit file the other day. All it contains is my personal details and loan enquiries made. Does this mean I have a clean credit file? Or are there information which is not shown on the file but accessed by financial instituions only.

2. What is a caveat? If I have a caveat placed on my property, how will that affect my chances when applying for a home loan?

3. When is a loan repayment classified as a default? e.g. after 3months, after coupel of warnings etc.

4. Are there private lenders out there that do long term loans? e.g. 5 years plus.

Thanks in advance!

Michael
by Mikey81
Wed Apr 07, 2010 4:29 pm
Forum: Home Loan Forum
Topic: ANZ low doc 60
Replies: 1
Views: 7269

ANZ low doc 60

Hi Otto

In regards to the ANZ low doc 60, will it affect my chances of getting approval if I was declined for a loan from them last year?

I checked my credit report and it shows the credit enquiry for an ANZ loan in March 2009.

Also, is it better to apply through a mortgage broker or apply myself? e.g. higher chance of approval.

Thanks for your help.
by Mikey81
Mon Feb 15, 2010 4:07 pm
Forum: Home Loan Forum
Topic: Line of Credit
Replies: 5
Views: 12212

Re: Line of Credit

Hello Otto

The total area minus balcony and car park is 68 metres squared so no problems there.

I live in Western Australia, you guys are ok to service me right?

Also, how long (approximately) does the whole loan process take? And what sorts of documents will I need to provide?

Finally, if you can provide a figure for the interest rate of both the 80% and 60% loan, even if it's an estimate, I would be grateful. And what sorts of fees are attached with them e.g. loan processing fee, monthly account fee etc.

Thanks.
by Mikey81
Sun Feb 14, 2010 6:31 pm
Forum: Home Loan Forum
Topic: Line of Credit
Replies: 5
Views: 12212

Re: Line of Credit

Hi Otto

So if I can get an employer letter I can get the no payslips 80% home loan and with no income evidence a 60% property value home loan? Are these the line of credit loans?

I'm not looking for a home loan because I'm not looking to buy a property. I'm interested in the line of credit loan because I read that it can be used for any worthwhile purpose like renovating.

Also, is my apartment suitable as security for the loan?
by Mikey81
Sun Feb 14, 2010 5:46 pm
Forum: Home Loan Forum
Topic: Line of Credit
Replies: 5
Views: 12212

Line of Credit

Hi

I'm interested in the low doc line of credit loan.

I was laid off from my job 3 months ago, currently working with a friend in his wall / ceiling gyprock contracting business. I receive my wages mostly as cash in hand and on a irregular basis, thus my doubt that banks will consider me as an applicant. I own a 2 bedroom apartment which I bought for 380K last year. Personal loan debt of around 4K with no other debts. Looking to borrow 20 - 30K.

Are the any lenders that are able to help me? Please advise of my options.