Non-conforming lenders or those who are not associated with a bank offered these types of loans. Non-conforming mortgage loans have become very popular in Australia.
Both Low doc and non-conforming home loans are being offered by non-conforming lenders and they don't require proof of income but the major difference lies in the segmentation of borrowers with credit history problems.
Low Doc loans are offered to people who have a good credit history while non-conforming home loans are like unsecured loans that are offered to people with a credit history problem. To get more information you can opt to www.comparez.com.au.
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