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Are you considering Mortgage Refinance but do not have current financials to
support your application?
Perhaps you should look into Low Doc Refinance. Low Doc refinance is a
mortgage product offered predominantly to self employed people who are unable
to provide tax returns to verify their income. The term low doc simple means
low documentation.
You should consider Low Doc Refinance if
Low Doc Refinance Products simply require the applicant to declare their
annual income but do not require any formal proof of such income. In some
cases a letter from the applicant’s accountant may be required.
With Low Doc Refinance we do not recommend that you refinance to above 80% of
the value of your property. The reason for this is that the interest rates
offered on Low Doc Loans above 80% LVR are significantly higher than the rates
offered on loans at 80% and below.