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Low doc questions...

Posted: Wed Jun 17, 2009 5:25 pm
by alexjong
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?

Re: Low doc questions...

Posted: Thu Jun 18, 2009 8:47 am
by Otto Dargan
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.