As a self employed business owner, you may not always fit the Banks’ standard home loan guidelines. You may not have current financials available or have an impaired credit history.
Absolute Financial Services can assist you by way of various Low Documentation (Lo Doc) home loans that are available. Lo Doc loans are available for investment and owner occupied home loans. This type of loan provides a much simpler application process where minimal documentation is required – no tax returns or financial reports. You will however need to have an ABN (Australian Business Number).
In some cases, the interest rates for this type of loan will vary and could be a little higher than the standard range of home loans that are offered to clients who are able to provide full documentation to support their loan application.
Lo Doc loans give self employed people the opportunity to enter the property market and are also widely used to inject money into expanding and building businesses for the small business owner and self employed.
And of course if you do have your financial records up to date, you also have the option of applying for any of the standard range of home loan products available from our extensive panel of lenders.
Contact us today to discuss how our experienced professional mortgage brokers can help you get the funds you need quickly and easily.
