Are all low doc loans the same?

For instance, some loans are specifically geared for purchasing property, while others may be more suitable for refinances with unlimited equity release. Then there are low doc loans for debt consolidation and business expansion. Also, just like standard home loans, low doc mortgages can come with a variety of features attached. Sometimes it may be […]

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Do I have to pay more for a low doc loan?

You may be borrowing money, but that doesn’t mean taking out a home loan won’t cost you. Mortgages come with various expenses associated with them, such as application fees. And depending on how much money you’re borrowing and how large your deposit is, you may be required to pay for things like lenders mortgage insurance […]

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What is a Business Activity Statement?

When applying for a low doc home loan, you’re required to bring along some documents to help prove the existence of your business. This is to provide lenders with evidence that you will be able to make repayments heading into the future. Proof of a steady income helps to alleviate their worries of credit defaulting.  […]

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What is an Australian Business Number?

If you’re looking into applying for low doc home loans, chances are you’ve seen the list of criteria required to successfully apply – including something called an Australian Business Number. These are often one of the most important aspects of the application and can mean the difference between success and failure.  What is an Australian […]

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Can you use your low doc home loan for construction?

Everyone has their idea of a dream home. As a life goal, it can be fulfilling to finally save enough to make your dreams a reality and undertake the construction of property. However, these projects are often more expensive than purchasing an established home – especially once you factor in buying land and materials, paying […]

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Make self-employed property ownership easier with a low doc home loan

Making self-employed home loans easy is as simple as investigating the low doc options available to you. There are so many different home loans out there that finding the perfect mortgage for you and your family is just a matter of time. For example, it can be difficult for those without conventional employment – such […]

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Low doc home loans at a glance

  If you’re wondering if a low doc home loan is right for your property goals, here are some of the basic characteristics that can often be checked at a glance. This should help you quickly assess whether or not these mortgage types are right for you.   Less paperwork than normal home loans If […]

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Why should you apply for a low doc home loan?

There are a number of reasons why someone would want to apply for a home loan. However, the most obvious one is to begin the process of purchasing their own property and secure one of the biggest assets of their lives. A lot of benefits can come from owning a property, after all. Even if […]

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What are some of the assessment criteria for low doc loans?

After applying for a low doc home loan, there will be a number of criteria analysed before you’re granted the mortgage. These factors are investigated in order to assure the lender that you’re a viable recipient for their credit.Things considered include whether or not you have the capability to make the necessary repayments.  Here are […]

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