Latest Updates

Who needs a low doc loan?

Do what you love, and love what you do - Low Doc Loans for the Self-Employed

There’s an old saying: you should do what you love and love what you do.

However, if you decide to make a career out of what you love to do, you need to know that some parts of your life – like buying a home – could be a little difficult. Don’t fret though! This isn’t the end of the world.  There are all kinds of mortgage providers that offer mortgage options to people who have chosen to follow their love for something that often prevents them from getting a standard loan.

What kinds of careers would keep a person from getting a standard loan and thus needing to get a low doc loan?

1 – Freelancers

It doesn’t matter what you’re doing – writing, designing or marketing, freelancers have all types of avenues at their disposal. Freelancing gives people the opportunity to work with various people, giving them work consistently in their field.  Of course, freelancers often have a harder time getting a loan due to the often inconsistent nature of their income.

2 – Tradespeople

Electricians, motor mechanics, plumbers, etc.  These careers are often self-employed. And, it doesn’t mean they can’t make their payments in a timely manner.  With the proper documentation and proof of business income, a tradesperson can secure a low doc home loan very easily.

3 – Truck Drivers

Many Truck Drivers are self-employed. If you’re a self-employed truck driver and in need of a loan, you may want to consider a low-doc home loan.

It doesn’t matter what kind of work you do, there are a number of ways to attain a mortgage to purchase a home. All you need to do is speak with a qualified, specialist mortgage broker to find out what your choices are.

If you’ve been looking at buying commercial property for a business, and you feel you won’t qualify for a standard bank loan then we can assist. Talk with a Sherlock Holmes lending specialist about the various low doc loans that are available for commercial purchases.

I am text block. Click edit button to change this text. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo.

I am text block. Click edit button to change this text. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo.

Share