A Low Doc Loan is a type of Mortgage that assist borrowers to take a loan with less documentation than what is commonly required for a traditional home loan.
This type of loan is suited for someone who is a contract worker, Self-Employed or a casual freelancer, recently left job and started their own business or anyone who doesn’t fit the normal criteria of mainstream bank.
Despite the rise of entrepreneurs and Self-Employed Professionals, the Standard Requirement and lending regulation for a Self-Employed Applicant is to provide one or two years of Financials and Tax Returns.
Low doc loans do not require financial statements or tax returns to prove income. Low Doc loans can rely on alternative methods of income verification such as an accountant’s letter or Business Activity Statement (BAS) or 6 months Business Bank Statements.
To discuss your unique situation, Feel Free to Call ~ 0434 993 699 or 1800 346 562 and Book an Appointment with our Mortgage Experts at Finesse Loans.