Low Doc Loans for Investment Properties

Quite often self employed people may think they are not eligible to get a loan to purchase any sort of property, including investment property.

This is not usually true.

Today there are a myriad of non-conforming lenders who offer low doc loans. These are loans where you do not need to produce tax returns for the last two years, group certificates, pay slips or other forms of proof of income.

If you have enough equity in your owner occupied home, or a substantial cash deposit, the lender that supplies these loans will use it as security and sometimes all that is needed is a letter from your Accountant and the security of your deposit or an existing property to get an approval for a loan.

The reason not everyone uses a non-conforming lender is that you will find invariably that you will be paying greater interest on the low doc loan, however, lenders who offer low doc loans can make property acquisition a reality for buyers who would not otherwise have qualified for finance.

Need some finance advice?

If you have any questions regarding financing investment property email Katherine Mitchell or call Australian Property Investor now on 03 9568 1553.

Planning

Where Do I Start

Property or Shares

Determining Risk

Ownership Options

Self Managed Super Fund

Buying a Property

Where to Buy

What to Buy

When to Buy

Buyers Agents

Investing in Property

Affordability

What Are My Benefits

Make Your Investment Pay

Capital Growth

Yields

Property Management

Rental Income

Landlord Insurance

Fees & Services

Tenants

DIY Property Management

Forms for Tenants

API Property Management

Getting Finance

Choosing a Lender

Choosing the Right Loan

Fixed v. Variable Loan

Low Doc Loans

Mortgage Insurance

Costs To Buy

Tax Implications

Negative Gearing

Capital Gains Tax

Income Tax

Tax Variations

Deductable Expenses

Tax Deduction Checklist

Tax Refund

Getting Ready For Tax

Depreciation Schedules

Quantity Surveyors

Cash Flow Analysis

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