Low Doc No Doc Loans

Lo Doc Loan - self declared income

Contractors and the self-employed don't always have the same financial structure or income patterns as PAYG earners. This means you may need the flexibility and convenience of a lo doc home loan. The greatest benefit to these types of loans is they provide non-traditional income earners, with an irregular inflow of money, the opportunity to easily get into the home ownership market, or to take out a loan to upgrade. You are able to self-certify income for the loan approval application, rather than providing full financial details to the lender. This will give you faster access to your loan plus greater flexibility without needing to go through your accountant.

No Doc Loans

As a general rule No Doc loans require no evidence and rely on the borrower's warranty that the borrower can service the loan and repayments. These are useful for people who have been self-employed for less than 2 years or those who do not wish to provide don't want to or can't provide documentary evidence of their income.