The alternative to this is a Lo Doc or No Doc loan. By simply signing a “Lo Doc Declaration Form” you can state the income that you earn and this is used in the servicing of your loan.
This can also be effective for PAYG employees who have a hard time substantiating their income.
For example, if your income is commission based or you work a lot of overtime – then this may be an easier option for you. The Lo Doc feature is available on most loan types – and you will find that the interest rate on a LoDoc loan is surprisingly competitive.

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