If you’ve ever applied for a home loan in the past, you’ll probably be aware of the wide array of documents mortgage lenders typically need you to have on hand. While it can differ between home loan providers, the paperwork generally includes things like payslips and tax returns – in essence, the proof of income […]
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The Australian lending landscape is changing rapidly, with more and more opportunities for households to make the leap to home ownership. Where many individuals might have found it difficult to get the right finance to buy a home, the pool has widened and there are many more mortgage products on offer. If you’re one of […]
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However, the good news is that even though your application might be more complicated than usual, it doesn’t have to mean you have a restricted choice. There are many different types of low doc loan available, depending on your specific financial needs and circumstances. Low doc loans can serve the following purposes, so make sure […]
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Low doc home loans have been designed to support people who don’t have the usual paperwork needed to secure a mortgage. The most common reason for this is because they are self-employed, so the standard tax statements and other documents aren’t as easily accessible. If you are self-employed, then the benefits of a low doc […]
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Self-employed individuals are the lifeblood of the Australian economy. When you’re working tirelessly to grow your grassroots business, it can be difficult to find time to stay up to date with paperwork. Tax returns, expenditure statements, payslips – the mountain of documents required to apply for a home loan can seem never-ending, and they might […]
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It doesn’t matter how successful your business is or how much money you are making: If you’re self employed, you’ll likely come up against resistance from lenders when it comes to securing a home loan. This needn’t be the end of the road for your home ownership ambitions. It simply means you’ll have to think […]
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There are many borrowers who don’t conform to conventional lenders’ criteria and self-employed individuals are one of the most common categories. Australia is seeing more and more people choosing to own their own company and become their own boss, but this can have some consequences when applying for a loan. As a small business owner, […]
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In this day and age, almost everyone needs a home loan. Owning a house can be one of the biggest commitments you make in life, but the reality is that borrowers come in all shapes and sizes. Not all individuals have the perfect credit history and reliable income that lenders look for in a loan […]
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Even in an perfect environment for buying a home, it can often be hard for self-employed individuals to apply for a mortgage. Traditional lenders require a whole raft of documents to prove a stable income, but if you’re a small business owner or self-employed, the application process can be a challenge. If you fall under […]
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There are many instances where you might not be able to provide your lender with the documentation required for a standard home loan, especially if you are self-employed or are running a small business. Fortunately, a low documentation loan – or low doc loan – can help. Here is a brief guide to the benefits […]
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