There are a wide range of different criteria that need to be fulfilled before you can successfully apply for a low doc home loan.This is because of the considerably lower amount of official documentation needed, which means lenders need to be extra thorough when checking things like your employment and credit history. Here are some […]
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When approaching the real estate market, the first thing you need to consider is the type of home loan to suit your needs. For example, if you’re a self-employed individual, you may find you don’t have the required paperwork to pursue a regular fixed- or variable-rate home loan. However, there’s no need to fret. There […]
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There are a wide range of different mortgage products out there in the Australian market. Half the battle of securing property – whether you’re interested in residential or commercial – is finding the right financing option for you and your personal goals. With the expanded market, it can be difficult to figure out the best […]
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When you begin looking into mortgages like low doc home loans, it’s important to understand there are more criteria involved than if you were simply looking into something like a fixed-rate home loan. One of the main differences is that these mortgages are usually sought by self-employed individuals who don’t necessarily have the required documents […]
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Seeking a copy of your credit report is an important first step to take towards securing a low doc home loan in Australia. After all, you need to be able to prove to potential lenders that you’re a trustworthy, stable applicant that they can trust. What better way to test this than looking into your […]
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The long and short answer to this question is no. Low doc loans are different types of mortgages from traditional home loans, but they do not feature hidden charges or extra costs. However, this isn’t to say that taking out a low doc loan doesn’t come without its own costs. Every mortgage has expenses attached […]
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If you’re a self-employed home buyer, chances are you know all about how low doc home loans can help you purchase the property of your dreams. But residential real estate isn’t the only area where such can provide assistance. Low doc mortgages can be used for commercial office buildings, retail shops, industrial spaces and other […]
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How much money you put down as a deposit will play a major role in your home loan. Regardless of what type of mortgage you’re trying to obtain, most lenders will require a deposit of at least 20 per cent. If you were to default on your mortgage, the lender may be forced to sell […]
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Timing plays a role in everything in life, including your ability to take out a home loan. Fortunately, being in business for yourself for only 12 months doesn’t have to be a deal breaker for obtaining a low doc home loan. In order to take out low doc loans, you need to have an Australian […]
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Whether you’re using a low documentation mortgage or a more traditional loan option, how much money you can borrow will come down to a number of factors. Of course, there’s a big difference between how much money a lender may make available to you and how much money you can comfortably afford to repay. Calculating […]
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