Low Doc Loan

introduction

The only constant in our lives is- change. Changes in any dimension of our life will invariably cause a change in all the other dimensions. For example, your current financial situation will differ from the time you bought your first home. There will be better loan options available to you now. Therefore, frequently reviewing your home loan and reassessing your monetary status is- the fundamental factor in attaining financial stability.

Credific Finance helps you in transitioning the process of home loan refinancing. Here is why you should use-

  • Regular assessments of your financial position for your wellbeing
  • Working with professional brokers who are equipped to handle end to end of the process
  • Frequent updates to ensure you are benefited from interest rate movements

Why choose CREDIFIC Finance for a low doc loan?

Bank Negotiation

Our professionals will negotiate with the bank to get low interest rates on your home loan. We will handle all negotiations with the lenders to secure you the best refinance home loan.

Cost Efficient

Credific Finance will help you gain exclusive access to the various cashback options, package deals, low-interest rates, and other offers. This will cut down the cost and time involved in the refinance process.

Best Loan Option

Our expert brokers monitor the changing markets and assess to ensure you have the best refinancing home loan options available to you. Credific Finance will guide you to choose an appropriate option that meets all your needs.

Capitalizing on equity

The decision to refinance can be driven by a multitude of factors, not limited to securing a more competitive interest rate. Emergencies such as renovations or other financial needs may arise, emphasizing the necessity of having access to funds to address these requirements. We will work diligently to bring your visions to reality.

Frequently Asked Questions

Low documentation loans are tailored for small business owners and self-employed individuals, as they necessitate fewer documents compared to standard loans. Self-employment can sometimes make it challenging to demonstrate income through conventional methods like tax returns. The low doc loan option enables borrowers to validate their income using alternative financial documents.

Low doc loans are exclusively accessible to business owners and self-employed individuals actively operating a business. This can take one of the following structure:

  1. Sole Trader
  2. Partnership
  3. Company
  4. Trust

The ABN number needs to be registered for at least 1 day, but usually for 2 years or more.

Low doc loans can be of various types. These include:

  1. Low Doc Residential Home Loans
  2. Low Doc Commercial Loans
  3. Low Doc Construction Loans
  4. Low Doc Equipment & Asset finance
  5. Low Doc Bad credit
  6. Low Doc Refinance

Lenders will usually provide a letter template that your accountant must fill out and sign. Your accountant needs to verify your taxable income or state that you can handle the loan payments based on their understanding of your business and its performance.

An experienced mortgage broker possesses access to a wide array of lenders and their different loan products that might meet the lending criteria. This expertise enables them to assist you in identifying a solution tailored to your specific circumstances, ultimately facilitating potential savings over the duration of the loan.

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