An Alt doc home loan is a flexible mortgages for self employed Australian borrowers. These can be useful for freelancers, contractors and other people who do not work regular jobs and thus, can’t supply payslips, financial statements or tax returns as verification of income. Alt Doc Home Loan allow you to state what you earn with an income verification document. You will not have to give PAYG payslips or tax returns as evidence of your income, but that does not [...]

Alt Doc Loans are still available in Australia Alt Doc Loans allow a Self Employed Australian to get a home loan if they do not have up to date lodged Financials. As Maximum loans are 85% of Purchase price you will need 15% Deposit plus stamp duty plus costs as funds to complete. It is actually quite hard for the average Self Employed Australian to get a mortgage from a bank in comparison to a PAYG worker who generally only [...]