Low Doc Loans / Low Doc Home Loans

Low doc loans have been designed for people who can well afford a home loan, but can’t give income verification such as tax returns. A low doc loan (or low doc mortgage) is ideally suited for the self employed and investors. A low doc loan is also perfect for those looking to refinance an existing loan, purchase a new home, or renovate an existing home. The reason it’s called a ‘low doc loan’ is that you’re not required to produce tax returns or financial reports to secure the loan.

However, in a low doc loan, some conditions may apply:

  • You many have to endure a higher interest rate if you’re not able to provide documents about your financial position
  • Pay additional fees and charges, including risk fees and mortgage indemnity insurance
  • You have to carry the larger percentage of the mortgage
  • Low doc loans can have a shorter loan period
  • You may have to offer additional security

If you’re self employed and have a complex business structure, or your tax returns aren’t up to date, then a low doc loan could be the answer for you. Low doc loans are available for self employed people who can validate their income by providing alternative paperwork than tax returns.

Enquire for a low doc loan with us today; we’ll look at your individual situation and do whatever we can to help you. 

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