Is it possible to refinance my low doc loan
Yes, it is still possible to refinance even though many lenders have decided that low doc refinances are high risk now! Low doc loans are often made available to those who cannot provide or disclose their income clearly in the form of pay slips and/or tax returns. Due to this fact, they often have no choice in the matter and have to get a low doc loan.
However due to the sub-prime crisis, many lenders have to put up their low doc rates due to increased in funding costs. These high interest rates can be too much of a burden, so refinancing your low doc loan to a cheaper rate should be the wise and prudent thing to do.
Enquire with us today to find out how you can get approval regardless of your situation.