Lo Doc Home Loans (Self-Employed)
With a Lo Doc Loan (Low documentation loan) you can "self-certify" your income, which avoids the trouble of asking your accountant to provide up-to-date financials every time you wish to borrow money.
Some lenders also offer Lo Doc Loans to investors and PAYG earners too.
Pros:
Simple income declaration form
No tax return
No financial records
Fully serviceable loan options, redraws, line of credit, variable or fixed rates,
Principal & Interest or interest only loans
Cons:
Generally a higher interest rate
You may be at risk of over committing yourself if your income varies
