Low Doc Home Loans
Low Doc Home Loans are designed for self-employed borrowers who are not able to submit conventional documents to verify their sources of income. These are sometimes incorrectly described as ‘No Doc Home Loans’, which are no longer available in Australia. It can be difficult for borrowers to get approval for Low Doc Loans, so it’s often best to work with a mortgage broker who understands credit policy and document requirements of different Low Doc lenders..
How Do You Qualify for a Low Doc Home Loan
The primary reason to use a low doc home loan is because you don’t have the conventional documents such as pay slips to prove your actual income. For instance: