Lo-Doc Home Loans

With a low-doc home loan, you don’t need all the documentation usually required for proof of income.

Pros — What’s good about a lo-doc home loan?

• Great if you’re self-employed. You can get a home loan if you’re self-employed, and your income varies from year to year, or you’ve only just gone into business.
• Flexibility. You can get fixed rate, variable rate and line of credit low-doc home loans.

Cons — What’s bad about a lo-doc home loan?

• Higher interest rate. Initially, the interest rate on a low-doc home loan is generally higher than that of a standard variable or fixed rate home loan. After you’ve made your repayments on time for a few years, the interest rate is normally reduced.

Still have questions about lo-doc home loans?

If you have any questions about low-doc home loans that aren’t covered above (in fact, even if they are!), please feel free to give us a call on 1300 883 292 or enquire below, and we’ll call you.