Get Expert Help on Low Document Mortgage Home Loans Online Today

Take advantage of cost-free specialist services online for finding the best low doc mortgage loan in your local area. Act to save lot of time as well as money during your effort to secure a home mortgage loan with less paperwork. To get started with your task, apply online now!

4 Different Types of Low Doc Home Loans for Self Employed People Options

Low document mortgage home loans are best suited for self-employed homeowners who may be facing problems with documentation of their incomes. Our team of experts can help you in selecting the right type of home loan with low documentation online.

Here is some vital information relating to the 4 major types of low documentation mortgage loans that we may assist you to get through us.

  • Standard Variable Rate Home Loan – Obtain a mortgage loan at a competitive interest rate with highly customized features that meet your specific needs and requirements.
  • Fixed Rate Home Loan – Get a fixed interest rate mortgage loan or an investment home mortgage loan for a period of up to 15 years. Accordingly, you must plan out a practically workable budget.
  • Base Variable Rate Home Loan – By securing low doc home loan with a variable interest rate and no service fees, you can save money initially.
  • Viridian Line of Credit Home Loan – This type of a credit service enables you to control your finances as it involves managing an all-in-one transaction account.

Low Documentation Mortgage Refinance Loan : What We Offers

Qualifying for a low doc mortgage refinance is easier if you have some idea of what lenders are looking for to approve applications. Normally, you can do the following things to improve chances of qualification.

  • Provide copies of last 3 years’ income tax returns or give declaration of your annual income.
  • Consult a competent local mortgage expert who is well versed with the exact requirements of the task

MortgagRefinance101 can assist you to avail a cost-free initial consultation from a qualified and experienced mortgage specialist in your local area within minutes of your applying online.

Refinance Mortgage with Low Doc and Bad Credit : Learn How to Apply

In order to apply for low doc home loans for self-employed online, you must offer the below mentioned documents.

  • Give copy of certificate of incorporation or ABN to show that you have been self-employed in the industry for last 1 year.
  • Provide copies of past 12 months Business Activity Statements (BAS) that have been verified by the Tax Office.
  • It could be important for you to confirm that your annual income is registered under GST for last 1 year.
  • Lenders may also demand information relating to personal transaction account or last 6 months’ primary business statements.
  • While you can borrow up to 80% of your home’s value, mortgage insurance will be required if the amount of money being borrowed is over 60%.

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Getting a Low Doc Mortgage Refinance Loan : Documents to Be Submitted

Most of the low documentation mortgage loan lenders will also ask for the following paperwork.

  • Income declaration signed by borrower.
  • Name by which business has been registered.
  • Copy of your ABN
  • Business Activity Statements (BAS) for the last 1 year.

Know How Low Doc Mortgage Refinance Loan Differs From a Standard Loan

The main difference between a getting a no doc home loan and standard loan is that less amount of paperwork is involved in the former as compared to the later. In addition, lenders that offer low doc home loans do not offer any discounts unlike full doc home mortgage loans.