One of the big changes in the home loan lending over the last few years has been the impact on the low doc lending market but this is starting to change again.

A big announcement by PLAN Lending during the last week has been the fact that they will in fact pay the Mortgage Insurance premium for all new loans where the Loan to Value Ratio (LVR) is greater than 60% and less than or equal to 70% and where the total loan amount is less than or equal to $600,000.

The interest rate – a very respectable 6.95%.

More information is available from FinancialPlus.

• Low Doc Market Continues to Stir
• New Life in the Low Doc Loan Market

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