call us for home loan helpLow Doc and No Doc Home Loans Australia
Have no financial records and need a No Docs Home Loan? A huge choice of Lo Doc & No Doc Loans are now available
Low documentation home loans (also known as low doc loans) are available for up to 90% of your property valuation. You may be earning income which is hard to prove in the paper based format required by many home loan lenders. The bottom line is, you know how much you earn and can afford, so why the need to present mounds of paperwork to prove it?
Low documentation home loans are available for all purposes including first home loans, investment home loans, equity home loans, home loans for business purposes, home loans for investment purposes… in fact a low documentation home loan can be used for all of the same purposes as a fully documented home loan.
Home loan interest rates were historically increased for lo doc home loan applicants. Now, with the competition for business, many home loan providers will allow you to access the same home loan rates as you would with a fully documented home loan. Yes, your lo doc loan rate or your no doc loan rate may be as competitive as if you had all the documentation in the world!
No doc home loans provide an excellent solution for the home loan applicant nt that prefers to disclose as little as possible about their assets and liabilities. No Doc home loans are available with little more than name, address and property details required. With no doc home loans, there is no declaration of income required only your personal declaration that the repayment is affordable. This is an excellent home loan solution for the person, or company, that is asset rich but cash poor.