Low Doc Loans rates are moving up as predicted. The interest rates for fixed low doc loans and variable low doc loans are heading up.
Since the beginning of 2012 we have seen the rate for low doc loans start to get more expensive. If you currently have a low doc loan and your rate is above 6% please call us on 1300 LOW DOC. Hurry this rate for low doc loan refinances will not last long.
Update March 2012
Both low doc loans refinance and low doc loans purchase are still available with no application fee and no monthly fee up to 60%
The rates for low doc loans have now continued to move up. The 5.99% interest rate has now gone. If you are still quick you still may be able to lock in a rate below 6.1%
Remember these low doc loans require no BAS and no accountants letter. However, 12 months business bank trading statements is needed to show strong income.
Call us on 1300 LOW DOC