To purchase a home or investment property
If you’re self-employed, it may be challenging to prove your income to a traditional lender. A low doc home loan may be the answer for you. It can help you buy a home or investment property without needing to provide as much financial documentation as other loan types.
To refinance your home or investment property
If you already have a home or investment property, you may be able to refinance it with a low doc home loan. This can help you to get a better interest rate, access equity, or consolidate your debts.
To consolidate your debts
If you have multiple debts, such as credit cards, personal loans, or car loans, a low doc home loan can be an excellent option to consolidate them. By consolidating your debts, you can save money on interest and simplify your finances.
Renovations
If you’re looking to renovate your home, a low doc home loan can help you to finance the project. Renovations can add value to your property and improve your quality of life.
Working Capital for business
If you’re a self-employed business owner, you may need working capital to help your business grow. A low doc home loan can provide you with the funds you need to invest in your business.
Stock or equipment purchases
If you need to purchase stock or equipment for your business, a low doc home loan can be an excellent option. It can help you to invest in your business without the need for extensive documentation.
In Summary
A low doc home loan can be used for a variety of purposes, including purchasing a home or investment property, refinancing, consolidating debts, funding renovations, providing working capital for your business, and financing stock or equipment purchases. If you’re self-employed or have a poor credit rating, a low doc home loan may be the perfect solution for your financial needs. Contact us today to learn more about low doc home loans and how they can benefit you.