Low doc questions...

Any general questions you might have in regards to loans and finance.
alexjong
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Joined: Wed Jun 17, 2009 5:21 pm

Low doc questions...

Postby alexjong » Wed Jun 17, 2009 5:25 pm

Are low doc loans gone? My bank needs BAS statements to get a low doc loan for me which kind of defeats the purpose doesn't it?

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Otto Dargan
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Re: Low doc questions...

Postby Otto Dargan » Thu Jun 18, 2009 8:47 am

Low doc loans are still available, some of which still do not need BAS statements. You can borrow up to 80% of the purchase price if you have an ABN that has been GST registered for 2 years. Shorter ABNs on a case by case basis.
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