Search found 4 matches

by Paul L
Thu May 09, 2019 5:53 pm
Forum: Home Loan Forum
Topic: What docs do I need to provide for a low doc refinance?
Replies: 5
Views: 1049

Re: What docs do I need to provide for a low doc refinance?

What are the interest rates like for low doc loans? I mean I know I’ll be paying a higher interest rate than a standard loan but by how much?
by Paul L
Thu May 09, 2019 3:56 pm
Forum: Home Loan Forum
Topic: Studio apartment too small for a mortgage, why?
Replies: 5
Views: 1096

Re: Studio apartment too small for a mortgage, why?

I’m willing to put up an additional $60,000 to bring the LVR to 70% so that’s not an issue. I’m paying off a $20,000 car loan and my 120k HECs debt, I’m concerned that the servicing may be tight without considering my bonus income. I’ve been with the same firm and receive an average 30k approx. as b...
by Paul L
Thu May 09, 2019 3:56 pm
Forum: Home Loan Forum
Topic: What docs do I need to provide for a low doc refinance?
Replies: 5
Views: 1049

Re: What docs do I need to provide for a low doc refinance?

That’s exactly what I’m looking for, I have the previous 3 quarters BAS ready and will soon have last quarters’ as well in about three weeks time. I’m hoping to cash out somewhere around $250,000 - $300,000. I know I’m accessing a large amount of equity, is that going to be an issue seeing as I don’...
by Paul L
Thu May 09, 2019 2:39 pm
Forum: Home Loan Forum
Topic: What docs do I need to provide for a low doc refinance?
Replies: 5
Views: 1049

What docs do I need to provide for a low doc refinance?

Hi, I’m a licensed electrician working in this line of work for more than a decade, however, I’ve been self-employed only for a year. I earned $90,000 last year. I’ve picked up another contract with a local real estate agent for maintenance of properties on their rent roll. I’m anticipating a signif...

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