This form of home lending is called Lo Doc Mortgages. Lo Doc Mortgages require less documentation and they are often the answer to solving home lending challenges faced by borrowers who don’t qualify for traditional home loans.
Lo Doc Mortgages are less prevalent now than they were a few years back however KPM Specialist Lending still has access to a number of non bank lenders who can assist.
This form of lending is generally a little more expensive than the traditional bank home loan however the short term cost can be significantly outweighed by the long term security of owning your own home plus of course the ability to stop paying dead money (rent) to the landlord.
Don’t stress! Talk to KPM Specialist Lending today about your situation, you may be assisted by this non bank solution.
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