A variety of Non Conforming, Low-Doc, Stated Income or No Income Verification loans are available. Typically, these types of loans represent alternative financing lenders requiring little to no documentation. Generally, these types of loans are of choice for the self-employed or people on a commissioned salary, those who obtain revenue from sources they do not wish to divulge, or those that receive all or a portion of their income in cash. The benefits of a these types of mortgages include a shorter application process since most alternate and non conforming lenders do not require you to provide income, employment or asset documentation, as well as a streamlined approval process because there is little subsequent verification. However, requirements vary by lender and are largely dependent on the strength of your credit. If you have a specific need that cannot be met by the traditional mortgage loan approval process, then you may want to consider a low doc or a non conforming loan. Please contact our Top Broker Hotline on 1300 78 63 78 for further information or use our ONE STEP mortgage query form below to receive a free low doc / non conforming package consultation. TOP Refinancing Areas of Interest: |
