Low Doc Home Loans | Non Conforming Loans

Demand surges for non-conforming loans

Non-Conforming Loans in Australia Borrowers unable to secure credit due to stricter lending criteria being applied by traditional lenders since the outbreak of the coronavirus COVID-19 pandemic are turning to specialist lenders for assistance. Sydney-based mortgage brokerage Non-ConformingLoans.com.au said it has received a substantial increase in inquiry from rejected loan applicants due to the economic impact of the COVID-19 crisis. “Many borrowers are unable to obtain credit from traditional lenders due to the tightening of lending criteria in response [...]

Demand surges for non-conforming loansRay Ethell2023-07-01T10:20:40+10:00

Low Doc Home Loans for Self Employed Australians

Low Doc Home Loans for Self Employed Australians. Australia has more than two million independent contractors or self-employed. Low Doc Home Loans (Low documentation loans) are designed for these self-employed people who do not have up to date financial statements and tax returns which are required for a prime home loan. Generally the same features and facilities are available on prime loan are also available on a Low Doc Home Loan as the name indicates the difference is in [...]

Low Doc Home Loans for Self Employed AustraliansRay Ethell2023-07-01T10:56:14+10:00

How much deposit do I need for a Low Doc Home Loan

How much deposit do I need for a Low Doc Home Loan? Self Employed Australians can still get a home loan if they do not have up to date lodged Financials. As Maximum loans are 85% of Purchase price you will need 15% Deposit plus stamp duty plus costs as funds to complete. It is actually quite hard for the average Self Employed Australian to get a mortgage from a bank in comparison to a PAYG worker who generally [...]

How much deposit do I need for a Low Doc Home LoanRay Ethell2023-07-01T11:18:19+10:00