Lo-Doc Loan & No-Doc Loan

It is not uncommon for many potential borrowers to fall at the first hurdle. Lack of documentation and insufficient details portray the borrower as falling outside the basic home lending guidelines. Lo-Doc Loans and No-Doc Loans circumvent the barriers and allow access to those individuals and entities that have the capacity to repay the loan debt but for whatever reason are unable to fully substantiate their case. Lo-Doc Loans are suitable for loan applicants who are self-employed or experience time lags in preparation of up to date financial information or indeed the financial affairs and tax structure do not correctly reflect their state of income.