Lo Doc Loan Application
About Lo Doc Home Loans and how to apply here.
Low doc home loans [lo docs] are designed with speed and simplicity in mind for the borrower.
If you are a contractor, self employed or have a small business the last thing you need is your bank wanting more verification of income.
With our Low Doc home loan that won't happen, because there is no requirement for you to verify your income. This will save you time in settling the loan.
Lo-Doc Home Loan Application
A lo doc home loan is a loan that requires less paperwork and evidence than the tradition full documented loan.
The advantage is a quicker home loan without having to supply documented proof.
It does not mean low income, low deposit or low rate home loans.
To qualify you will have a have a good income, or a good deposit or substantial equity in your home.
It requires clear credit. Your credit rating will be assessed for this loan.
If you had credit issues you will be required to pay these out before the loan can settle.