Low Doc - No Doc and Non Conforming Loans and Mortgages
Use our service for the next purchase, or refinance, of your home or investment property and receive
friendly & professional service, a great loan from your choice of leading lenders plus a mortgage refund!
Information on Basic Variable Interest Rate products Information on loans that have a discounted interest rate for an introductory period Information - 100% Interest Offset mortgages
Information about Standard Variable Interest Rate products Information about loans typically sought by investors Information about Interest Only loans
Information on Line of Credit 'Equity' facilities Information about loan packages with interest rate discounts Construction loan information
Commercially secured loan information Information on Fixed Interest Rate mortgages Low Document/Non Conforming loans - for those with unsubstantiated income or credit defaults

Low Document - Non Conforming Mortgages

These loans are designed to cater for those individuals that fall outside normal lending guidelines for various reasons. ie; a self employed person that hasn't filed a tax return (low or no document) for some time and/or a person with either ongoing, or a history of, credit defaults. The interest rate charged is usually geared to the level of credit impairment. These loans are offered by many lenders and can range from very competitive to relatively high interest rates depending on the client's scenario. If a client's equity in the property being used as security is high then they are likely to receive a better interest rate. If for example, a client is only borrowing 80% or less of the value of the security property and they have a clear credit history but no recent tax returns then they may be eligible for normal products/rates with some lenders. Self employed borrowers that cannot evidence their income are usually required to complete a 'statement of financial position' or declaration on which they state their current income level.
Many lenders that offer these products will only lend when the purpose of the loan is primarily for business/investment purposes but there are now also many that will lend for private purposes (ie; to purchase an owner occupied home).

Call or email for lender's comparison rate schedules or specialised Mortgage Software generated comparisons that details relevant features of competing loan products side by side and also gives an AAPR (average annual percentage rate) which is an indication of the 'true' cost of the loan over a seven year term.

The above Low-doc/non conforming Loan content is information only and should not be construed as financial advice.

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