We are available to help you 7 days a week, 24/7
1300 805 221
Our Mortgage Brokers are here to help 7 days a week 24/7
1300 805 221
1300 805 221
Are you self employed and at times have difficulty proving your income? Or are you a wage earner and due to remuneration package variables such as bonuses and commission you also have the difficulty in proving your income? If this is the case, then you may consider a Lo Doc Loan for your funding needs.
Instead of having to provide the lender with reams of paperwork justifying your income, all you may need to do is fill in a declaration stating your income. In other instances, the lender may also required trading bank account statements and 12 months business activity statements.
Other lending criteria associated with Lo Doc Loans include:
Should your situation not qualify for the Lo Doc policy set-out above, rest assured non-conforming lenders will assess borrowers who have been self employed for less then 2 years or whose credit rating is less than squeaky clean.
Better Choice strongly recommends that borrowers seek independent legal and financial advice prior to taking out a Lo Doc Loan.
Signup to receive the Better Choice quarterly Mortgage and Finance Newsletter and other enews articles tips and more!
We promise to keep your information confidential and to respect your privacy.
