Duckling Finance

Lo Doc Home Loans, for the Self-Employed

Today, more people are self-employed or employed on contract, so their income patterns are not as regular as PAYG earners.

With a Lo Doc Loan you can "self-certify" your income, which avoids the trouble of asking your accountant to provide up-to-date financials every time you wish to borrow money.

You pay a little bit more in interest and fees - but it saves you a lot of time and stress. Some lenders also offer Lo Doc Loans to investors and PAYG earners too.


Advantages:

- There is no need to provide financials to the lender.
- You receive faster access to your loan and greater flexibility.
- Non-traditional and irregular income sources are considered.

Disadvantages:

- You pay higher interest rates and fees.
- You may be at risk of over committing yourself if your income varies.

> Click here to Apply Now

   
   
   
Mortgage & Finance Association of Australia

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