Just because you are self-employed or unable to declare specific financial information for the application of a loan, does not mean you can not take out a loan. State Securities can organise a low-doc loan for you.
Low-doc loans are the fastest growing sector of the home loan market. They were initially established for people who were self-employed and who did not have the documentation required by the traditional lenders. Interest rates are generally expected to be a little higher than the standard rates however the gap is narrowing.
Typical characteristics of applicants for this type of loan includes: |