Lo Doc Mortgage

March 4th, 2009 Adam Posted in Loans, Mortgages | No Comments »

Main difference between normal Full Doc and Lo Doc mortgage is difference of documents provided. Lo Doc is mainly for self employed employee who can’t provide evidence of income so they self certified their income documents. Lo Doc loans have variety of products basic and complex. Basic term loan, complex line of credit and offset and much more available to choose from.

Moreover different financial broker suggest you different types of loan according to products they have but Iden money have all variety of loans so they are honest in their opinion. Because Lo Doc is additional risk to the lender with not sighting evidence of income, the maximum loan to value ratio (LVR) is less than that available on Full Doc loans, which is typically 80%. We should consult any expert financial broker from Iden Money to get Lo Doc loans certified without any hassle and complication. You can book your appointment online and get advice on your next loan because Iden Money offers variety of loans ranging from First home loan, construction loan, renovation loan, business loan & personal loan.