Our Services: Low Documentation Loans

What are Low Documentation Loans?

‘Lo-Doc loans’ do not require the presentation of all traditional financial documentation from a client in order for the loan application to be considered.

Some Lo-Doc loans allow you to simply ‘state’ your income on a loan application without verification via tax returns, bank statements, finance reports or other documentation that would normally be required for a full-doc loan.

In all instances, income verification is by means of a signed 'Income Declaration' either by the applicant or in some instances, certain lenders may require your accountant to sign this declaration.

There are many reasons why people take the advantages of lo-documentation loans, for example:

• Self employed;
• Experience uneven cash flow;
• Have difficulties separating personal and business cash flows;
• Lack up to date financial information; and
• International financial history.