Low Doc Loans

NO BAS, NO TAX RETURNS required...loans from 6.09%

Unlike many other banks or lenders Freedom loans is still offering low doc loan refinancing or purchase up to 80% LVR at bank interest rates.

Are you a self employed borrower with income and assets but having difficulty refinancing your existing mortgage?

To our knowledge there are very few options available nowadays for self employed borrowers without the necessary financial information to satisfy the banks current stringent lending criteria.

The banks are generally restricted to 60% LVR on refinance applications but may go to 80% on Lodoc purchase applications provided the borrower has 20% genuine savings (highly unlikely).

We at freedom loans are able to offer genuine Lodoc products for refinancing existing mortgages up to an LVR of 80%. We are also able to provide Lodoc construction solutions if you are self employed and want to build your own home.

You may need to refinance your existing mortgage to:

• Do some home improvements
• Purchase investment property using the equity in your home
• Invest in shares
• Expand your Business and/or obtain working capital
• Consolidate your debts and drastically reduce your monthly commitments

When you apply for a low doc loan, instead of providing tax returns with your application, you are simply required to sign a declaration that states your annual income and ability to afford the loan.  

Low doc loans are also available for people with an imperfect credit history (defaults only...no mortgage arrears allowed)...provided there is a reasonable explanation for the situation that has occurred.

Freedom Loans deals with specialist lenders who will assess each situation on its merits, rather than basing every decision on narrow "bank policy"

We specialise in assisting self-employed clients gain access to the funds they require to move forward with their businesses and their lives.

Apply online in minutes to find out more about what Freedom Loans can do for you.