Low Doc Loans
Low Doc loans have been very useful in the past for self employed and PAYG employed applicants to obtain finance. The majority of loans offered were for self employed applicants. However, since the GFC (Global Financial Crisis) which was primarily a result of Sub Prime (or Non Conforming Lending) and Low Doc loans, Low Doc Loans are now not as simple to obtain approval with the majority of lenders. Some of the policies that may have been altered are listed below:
Low Doc Loan have had various versions of the following policy restrictions applied:
Low Doc Home Loans have altered dramatically though there are still some great products available. If you require a Low Doc Loan it is important to obtain Professional Advice to sort through the various products to ensure a successful application.
If you have any questions about low docs loans. Please contact us or Call us on 1300 796 850.