Full Doc Home Loan
What is Full Doc or Full Verification home loan
A full doc home loan is a loan for customers with a good credit rating that can provide full financials to the bank or lending institution.
If you earn a salary, wage, PAYG contract income or have a company running more than 2 years with full financials, you will be eligible for a FULL DOC home loan.
Both income and assets are disclosed and verified, income is used to determine the applicant’s ability to repay the mortgage. The banks will verify employment and income amounts with the employer via pay slips and group certificates and/or a phone call to the employer.