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Home  Mortgage Info What's Hot Lo-Doc Mortgages
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Lo-Doc Mortgages |
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Low documentation mortgages, or Lo-doc mortgages, are designed especially for people who cannot provide a full range of financial information. They are ideal for people who are self-employed. You do not need to provide as much documentation as a conventional mortgage, and the interest rates are extremely competitive.
Lo-doc mortgages mean less paperwork for you. In many cases, our lenders do not require cashflow forecasts or financial statements. You can self-certify your own income. This process can save you thousands of dollars in accounting fees. That’s why it’s important to talk to us first - we’ll find out what documentation, if any, you need to provide.
Lo-doc mortgages are becoming increasingly common in New Zealand, because large numbers of our community are self-employed. More and more lenders are now offering low-doc mortgages, and the competition has driven the interest rates right down.
Low-doc mortgages also suit young professionals who have no credit history, people who are credit-impaired, people returning from overseas and immigrants new to the country.
If you’d like to talk to us about a low-doc mortgage, get in touch with us today. |
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