A Complete Guide on Low Documentation Home Loans
The low documentation home loans, also known as low doc home loans , are a type of lending solutions for self-employed borrowers. It is designed for investors or self-employed , borrowers , contractors, freelancers and other people who have no regular jobs and are unable to file tax returns as they cannot prove their income through traditional means such as providing pay slips. Features included in low doc home loans Low doc home loans come with the following features: Fixed interest rates Multiple loan accounts Additional Repayments Redraw facilities Offset account Flexible rates Features that are not included in low doc home loans third-party guarantees introductory interest rates repayment holiday security substitution (in some instances) Documents required for applying to low-doc home loans Whi...