Self Employed / No Doc
Traditionally mortgages require the borrower to provide payslips and group certificates to enable them to get a loan.
At Dial A Home Loan, we understand not everyone is able to meet traditional banking guidelines. What if you are self employed and don't have two years financials? Or what if your remuneration does not involve payslips and group certificates? What if you are an investor and earn money from the stock market or property development?
We can help you with self employed, Lo Doc and No Doc homeloans!
You don't need to provide full financials, however you will need to Self Certify your income.
As you obviously still need to be able to pay back your loan, you will be required to self certify your ability to make the loan repayments. We will work through repayments and loan plans very carefully to ensure you understand your obligations.
Traditionally banks offer a maximum lend of 80% for low document loans. Loans with LVRs higher than 80% are available, however they typically go to non conforming and have slightly higher interest rates and LMI charges.
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