If you don’t have any proof of your income, you may not be able to provide the documentation that lenders usually want to see.  In this case, you may want to take advantage of a low-doc loan, which is often offered by non traditional lenders. 

Before you sign up for a low-doc loan, ask your lender the following questions:

 If you have had an ABN for less than two years, will this affect your application?

 If your partner is a PAYG employee, can you still borrow money for a low-doc mortgage?

 Will the lender allow you to supply your tax returns at a later date so you become eligible for a lower interest rate on a full-doc product?

 Does the lender offer any interest rate reductions after a period of time and if so, under what circumstances?

For more information on how you can obtain the right finance for you, contact Capital Financial Planning today.