Search found 3 matches

by
Fri May 17, 2019 12:47 pm
Forum: Home Loan Forum
Topic: What are the differences between low doc and full doc?
Replies: 5
Views: 14282

Re: What are the differences between low doc and full doc?

Right on! In a year or two, my tax returns will be up to date, so are there any restrictions I need to be aware of if I want to refinance the low doc loan?
by
Thu May 16, 2019 7:14 pm
Forum: Home Loan Forum
Topic: What are the differences between low doc and full doc?
Replies: 5
Views: 14282

Re: What are the differences between low doc and full doc?

Yeah, I could provide the last 12 months BAS statements, how will the lenders assess my income from those statements?
by
Thu May 16, 2019 6:13 pm
Forum: Home Loan Forum
Topic: What are the differences between low doc and full doc?
Replies: 5
Views: 14282

What are the differences between low doc and full doc?

Hi, I’m looking to purchase a $680,000 investment property. I own a few fashion boutiques and have up to date tax returns. The problem being that the last two years taxable income is extremely low as we have been reinvesting most of it back into the business itself. Come July, our taxable profits this year is estimated to be around $110,000. I was advised a low doc loan could be a suitable solution for my current needs, can you tell me the differences between low doc and full doc?