Rams withdraws lodoc

Discussion in 'Loans & Mortgage Brokers' started by Diana84, 27th Mar, 2019.

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  1. Shahin_Afarin

    Shahin_Afarin Residential and Commercial Broker Business Member

    Joined:
    18th Jun, 2015
    Posts:
    1,648
    Location:
    Sydney
    The move away from lo doc lending was a big one so highly doubt it that they will move back to that space.

    Why dont you try Resimac lo doc product, it has excellent rates, fantastic cash out policy, decent servicing, etc.

    Why did you use la Trobe lo doc to begin with?
     
  2. Eleven

    Eleven Well-Known Member

    Joined:
    27th Feb, 2016
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    Location:
    Melbourne
    A former broker recommended it....and we took the plunge. I will shop for a better deal.

    Is Resimac best in mkt for rates, 100% offset?
     
  3. Rolf Latham

    Rolf Latham Inciteful (sic) Staff Member Business Plus Member

    Joined:
    14th Jun, 2015
    Posts:
    10,599
    Location:
    Gold Coast (Australia Wide)
    Redraw Offset. often fine for tax purposes ( pls check though) BUT

    Your money becomes their money because the product is effectively a discrete redraw account.

    Because these are non banks, they are not ADIs and there is no 250 k Fed gov guarantee on your $

    ta
    rolf