No Financials or Low Doc Loans
We have low doc and near no doc home loans at standard rates including discounted Pro Packs.
Genuine no docs or no income no asset self certified loans really don't exist anymore. However while it is possible for self employed people with clear historical income records to apply for a normal home loan, if you are self employed (usually for two years minimum) and it is difficult to clearly substantiate your real income in terms of serviceability, or if you don't have historical and current taxation figures, a 'low docs' product i.e.: low level of income document substantiation, may be more suitable. If you are borrowing below 60% then an almost 'no docs' home loan may be available.
Many lenders have low doc policies which come with the advantage of not having to clearly substantiate your ability to service a home loan. However, all low docs loans over 60% LVR are mortgage insured (although some lenders absorb the cost) as a result both lenders and insurers must be comfortable with asset quality. They will generally not lend against property such as rural or inner city locations, even high rise apartment buildings. Many lenders including the major banks are offering low docs loans at the same rates as their standard loans. Many even offer discounted professional packages at 0.70% discount from their standard variable, usually on loans over $250,000
We keep your hassles and our costs down.
Click here to go to our express inquiry form and we'll get the ball rolling. Wherever you are in the world, we'll be back to you within a fewhours - or tell us when is most convenient for you.
If you don't want to give us some of the information we ask for - then don't! We're confident you'll appreciate the Peach Home Loans service!
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