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Low doc home loans online is dedicated to providing you with the most competitive low doc home loan products on the market and this is our area of speciality.
Within this site we offer comprehensive information about low doc home loans and touch on the main types of home loans on offer, their features and benefits and a Q&A section for each of these low doc home loan products.
Below are the low doc home loans available in the market today:
Each of these low doc home loan links offers more in depth information about that specific loan type so simply click away to find out more.
Below are links to further information about low doc home loans and some questions which are commonly asked:
Low Doc Home Loan Overview.
Providing Income Details to Low Doc Home Loan Lenders.
Purposes which a Low Doc Home Loan can be used for.
Here we will take a look at a general overview of the low doc home loans available with more detailed information on each type of low doc available in other sections of this web site.
Low Doc Home Loan Overview
Low doc home loans are primarily for self employed applicants who are unable to provide evidence of income by way of traditional means such as tax returns or payslips.
People who are self employed tend to have variable income streams and this is one of the reasons that it is difficult to provide income evidence and obtain traditional home loans.
With a low doc home loan you have the ability to borrow 80% up to 85% of the purchase or refinance amount required and with minimal or no mortgage insurance depending on the low doc home loan provider chosen it is a great way to get into your home or use a low doc home loan for many other purposes.
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Providing Income Details to Low Doc Home Loan Lenders
So how do you provide information on income so the low doc home loan provider is able to assess your ability to service the home loan?
This is where the key difference lies between traditional home loans and low doc home loans, to provide information on your income to the low doc provider you need to fill out an income declaration.
The income declaration is used by the low doc provider to assess your ability to service the proposed home loan debt.
Bear in mind that if you are an investor your income declaration and the rental income the property generates will be used as a combination to assess your ability to service the proposed low doc home loan.
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Purposes which a Low Doc Home Loan can be used for
There are many purposes which a low doc home loan can be used for and your needs may not be as simple as purchasing an owner occupied property. So what we have done is list what a low doc home loan can be used for just below:
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Can I use a low doc home loan for an investment property? |
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Yes you can, there are a number of low doc home loans which can be used for investment |
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Am I able to buy a vacant block of land with a low doc home loan? |
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Yes you are able to purchase vacant land with a low doc loan |
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Can I refinance my existing home loan into a low doc home loan? |
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Yes, you are able to refinance using a low doc home loan |
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Am I able to consolidate debts with a low doc home loan? |
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Yes you can consolidate debts by way of using a low doc home loan |
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Can I build my own home with a low doc home loan? |
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Yes, there are many options when it comes to construction low doc home loans |
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As you can see we have a wide variety of low doc home loan options for you to choose from and with our experienced in house staff and mobile lending consultants we offer you our expertise in the low doc home loan arena.
Stop looking and get in touch with the low doc home loan experts. It's as simple as contacting us to have an in depth discussion or arranging an appointment by calling 1300 723 927.
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