Bad credit lenders are flexible with self employed borrowers who need a low doc loan because they cannot prove their income using financials and tax returns.
In some cases, they can help start up businesses for people who have an ABN that has been active or GST registered for less than 2 years.
They can accept low doc loans with an unpaid default, mortgage arrears, judgment and even discharged bankruptcy. Usually, you will sign an income declaration or provide an accountants letter to prove your income.
Note: You can usually only borrow up to 60% of the property value. In stronger cases, 80% may be considered. This is likely with a non-conforming lender at a higher interest rate.
Please call us on 1300 889 734 or enquire online to find out if you qualify for a low doc home loan.
Bad credit lenders are flexible with self employed borrowers who need a low doc loan because they cannot prove their income using financials and tax returns.
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