Low Doc Mortgages: Low Doc Loans for the Self Employed Australian

A deeper dive into lowdocmortgages.com.au

Common questions asked about lowdocmortgages.com.au

1. What is a low doc mortgage?

A low doc mortgage is a type of loan designed for self-employed individuals who may not have the necessary documentation to apply for a traditional loan through a bank. These loans allow self-employed individuals to purchase a home, refinance a home, or buy or refinance a commercial property. Low doc mortgages are available for both individuals with clean credit and those with bad credit.

2. How can I apply for a low doc loan?

To apply for a low doc loan, you can complete the online fact form on our website or call our Low Doc Mortgage Brokers at 1300 791 329. They will guide you through the application process and help you find the right lender for your specific circumstances.

3. Are low doc loans still available?

Yes, low doc mortgages are still available. These loans are a great solution for self-employed Australians who do not have pay slips to provide a lender. Whether you are a seasoned self-employed individual or have recently started your own business, low doc loans can be a suitable option for buying a property or obtaining cash out.

4. Can I get a low doc loan with bad credit?

Yes, low doc loans are available for individuals with bad credit. These loans provide an opportunity for self-employed individuals with less-than-perfect credit histories to still access financing for their property or business needs. Our Low Doc Mortgage Brokers can help you find a lender who offers low doc loans for individuals with bad credit.

5. What are the benefits of a low doc mortgage?

The benefits of a low doc mortgage include the ability for self-employed individuals to obtain financing without the need for extensive documentation. These loans provide flexibility and accessibility for those who may not meet the strict requirements of traditional loans. Additionally, low doc mortgages offer options for both residential and commercial properties, allowing self-employed individuals to invest in their business ventures.

Some reasons to choose lowdocmortgages.com.au

Flexible Financing Options

Low Doc Loans offer flexible financing options for self-employed Australians who may not have the necessary documentation to apply for a traditional bank loan. Whether you need to purchase a home, refinance a property, or invest in a commercial property, Low Doc Loans can provide solutions tailored to your specific needs.

Both Clean Credit and Bad Credit Options

Low Doc Loans cater to individuals with both clean credit and bad credit histories. This means that even if you have had financial difficulties in the past, you still have the opportunity to obtain a low doc home loan or commercial loan. This flexibility allows self-employed Australians to access the financing they need, regardless of their credit history.

Quick and Easy Application Process

Applying for a Low Doc Loan is quick and easy. By completing an online fact form or calling their dedicated team, self-employed individuals can find out which lender has the right low doc loan for their circumstances. This streamlined application process saves time and ensures that borrowers can access the financing they need without unnecessary delays.

No Need for Traditional Documentation

One of the main benefits of Low Doc Loans is that they do not require traditional documentation, such as tax returns or pay slips. This is particularly advantageous for self-employed individuals who may not have up-to-date tax returns or a consistent income. Instead, Low Doc Loans assess the borrower's ability to repay based on alternative documentation, such as bank statements or business activity statements.

Access to Financing for New Self-Employed Individuals

Low Doc Loans provide access to financing for self-employed individuals who have recently started their own business and may not have two years of lodged accounts. This allows new entrepreneurs to secure a low doc home loan or commercial loan, enabling them to invest in property or grow their business without the need for extensive financial documentation.