Low Doc Home Loans Pros and Cons

Home Loans Pros One of the low doc home loans pros and cons is the higher deposit amount. Generally, borrowers need a 20% deposit to secure a loan. However, some lenders may waive this requirement if the applicant can provide other documents. Most lenders require an accountant’s letter or a bank statement to verify income. You may need to provide […]

Low Doc Loans For Self-Employed People

Low Doc Loans For Self-Employed When it comes to applying for a home loan, a self-employed person faces a unique set of challenges. The standard home loan application process requires the borrower to provide two years of financial statements and a copy of their lodged tax returns. However, because tax returns are only lodged once a year, the most recent […]

Are Mortgage Brokers Worth It?

Mortgage Brokers If you are in the market to buy a home, but do not know how to go about it, a mortgage broker may be able to help you find the right home loan for your needs. The broker will not charge you any fee, but will be paid a commission by the mortgage lenders. Australian mortgage brokers are […]