Low-doc loan
A low-doc or no-doc loan is ideally suited for investors or self-employed borrowers looking to refinance, purchase or renovate. No tax returns or financial reports are required.
Pros:
- Simple income declaration form
- No tax return
- No financial records
- Fully serviceable loan options, redraws, line of credit, variable or fixed rates,
P&I or interest only loans
Cons:
- Generally a higher interest rate
With your little... post,it gives a complete information where people can easy to understand and apply it. Great blog post! Thanks!
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