Low doc loans are
designed to assist self employed borrowers. No income substantiation is
required however self-certification of your ability to make repayments normally applies.
Low Documentation (or No documentation)
loans are designed for the self-employed or
small company borrower/s whose financial
statements may not be available. Reasons for
this may encompass: Their accountant hasn't
completed their bookwork.
The borrower must have a sizeable deposit
or equity in existing real estate property to
qualify for a Lo-Doc Loan.
Useful
Information
