Lo Doc, No Doc Home Loans
These loans are intended for self employed borrowers who for whatever reason are unable to provide full financial statements to the lenders.
A Low Documentation (Lo Doc) loan requires the borrower to sign a statement declaring their ability to meet the repayments without undue hardship. Income is self certified and we are now able to provide lo doc finance up to 90% LVR.
A No Documentation (No Doc) loan requires no financial documentation whatsoever, and is a straight asset lend. The maximum Loan to Valuation Ratio (LVR) is now 70%.