No Doc Refinance Loan
A no doc loan is designed for people that can’t, or don’t want, to provide their financial details to their chosen lender. This is very useful in many situations including; people who are self employed, seasonal workers, live off investments or earn in other non traditional ways. A no documentation refinance loan will allow you to borrow money against your home without the need for proof of income. It is important to know that a no doc loan usually still requires a credit check and a property valuation to be approved.
There are many lenders that now offer no doc refinancing loans, which means it is a good idea to compare the many different companies to find a loan that will best suit your needs. Comparing loan features such as interest rate, fees, charges, terms and conditions will ensure you get the very best deal!