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Low Doc Variable Loan
Low Doc Fixed 1 Year
Low Doc Fixed 2 Years
Low Doc Fixed 3 Years
Low Doc Fixed 4 Years
Low Doc Fixed 5 Years
Lo Doc loans are also referred to as "No Doc" loans by some lenders.
These forms of loans are available from conventional "Bank Lenders" and
also "Non Conforming Lenders".
The reference to "Lo" or "No" Doc simply refers to proof of income whereby
the lender does not require actual proof of income through "Tax Returns",
"Group Certificates" or "Pay Slip" advice. This style of loan is available
to both "PAYG" applicants as well as "Self Employed" applicants and
can be used for "Owner Occupier" or "Investment" purposes.
In all instances, income verification is by means of a signed "Income Declaration"
either by the applicant or in some instances, certain lenders may require
your accountant to sign this declaration.
You can never be locked into any loan by any lender!
(This means that irrespective of being in a fixed rate loan or a variable rate loan, you can leave that lender by paying their indicated break fee. It is often the case that break fees are less than the benefits received by switching to a better loan product.)
The
Australian Home Loan Industry boasts in excess of 3,000 loan products,
options and variations. Mortgage Buddy as a true Mortgage &
Finance Broker can assist you with the majority of these various
home loan options.
Financial Assistance Through Life!
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