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Low Doc Loan

A low doc loan, also known as the low documentation loan is considered to be a mortgage, which considers verification documentation with different incomes as compared to a full documentation type of home loan. These loan types are suitable for those candidates, who are self-employed workers and are unable to provide traditional income proof, such as pay slips. The low doc loan type does not include less evidence for the income of the borrower. On the contrary, it requires for submission of proof that has different type of income evidence.

Why should you Choose Low Doc Loan

  • The low doc loan type entails all types of home loans, such as variable, fixed, line of credit and interest only.
  • This type of loan is beneficial for those, who do not have an access to the tax return statement even with having deposit saved and existing equity.
  • It requires less paperwork for acquiring the loan amount, with an accountant letter, a business activity statement and expenses.

Things to Look Out for

  • The borrower is required to be aware of the high amount of interest rates, which depends on the discretion of the lender and the type of supporting verification.
  • The low doc loan type requires a large amount of deposit, which can go up to 20% of the price of the purchase.
  • In the scenario of borrowing more that 60% value of the property, the application of the mortgage insurance is ensured.

Why is it a smart choice to contact our mortgage brokers

Your expert guide in home buying journey

It is not an easy task to buy your first home. In fact it sure is one of the biggest financial decisions one makes in a lifetime. There is too much to know as it will be a completely new learning curve and no doubt there will be a lot of anxiety.

Therefore it definitely helps to have someone by your side throughout the home buying journey, making sure you understand the process every step of the way.

More options for all client profiles

Type of employment can have a bearing on what loan option and which bank will be best suited for you. We get cases for a lot of self employed clients who say that it has been difficult for them to get the desired loan. Our brokers specialise in loan applications for all types of employment. Whether you are self employed or on a casual or part time employment or having irregular incomes, our brokers have in-depth knowledge of the bank policies and can suggest a loan solution as per your unique situation.

Access to a wide range of loan products

Our brokers work for your benefit. They are not working for a particular bank, or vendor or any real estate agent. They have just your best interest in mind and therefore can compare a wide range of loan products.

Personalised attention

With Nfinity Financials you will get a personalised attention to your requirements, which you may not find with big corporate style financial institutions or banks. Our clients are our first priority.



Our Client Testimonials

See what our customers have to say about Nfinity Financials products, people and services.

Remarkable!
“We approached Parag with a unique scenario of eligibility and Parag handled that with ease. He followed up regularly and got things done before the said time. He made our dream come true!”

New Purchase
Submitted on 06 Nov 2020

Feedback on Parag’s Service
“Parag is an excellent service provider in his profession. We were highly impressed by his professionalism, attitude, and dealing with his clients. He was always available and was advising us on the right things to do…”

“After struggling to get a home loan in vain for months I eventually been introduced to Nfinity Financials by my friend. Parag and Deepak helped me in the entire process. To my shock and surprise I got an approval…”

Beryl Chen
Submitted on Mar 2020

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1300-438-562

info@nfinityfinancials.com
Suite 215, East Wing, 33 Lexington Drive, Bella Vista NSW- 2153

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