Who this guide is for
Self-employed Australians currently on low doc loans wanting to know if they can refinance to better rates.
- Self-employed on low doc loan for 2+ years
- Now have full BAS and tax return history
- Property has grown in value, improving LVR
- Wanting to lower monthly repayments
The local picture
Many self-employed borrowers stay on low doc rates longer than necessary. Once you have 2+ years of full documentation, mainstream lenders should accept you at standard rates.
How Mortgagefy helps locally
Mortgagefy assesses if you're ready to refinance from low doc to standard. We compile your full documentation and identify the best mainstream lender.
Free advice.
How it works — 4 simple steps
1
Free low doc refinance chat
20-minute call about your current loan and documentation.
2
Compare mainstream lenders
We identify lenders that'll accept post-low-doc refinance.
3
Application + discharge
We coordinate refinance and existing loan discharge.
4
Save monthly
You move to standard rates with savings.
Frequently asked questions
When is the right time to refinance from low doc?
Once you have: 2 years full tax returns, 2 years BAS, clean repayment history, stable income. Typically 2-3 years after taking original low doc loan.
How much will I save by refinancing?
Low doc rates typically 0.3-0.7% above standard. On $700K loan that's $2K-$5K/year savings — pays back the $1-2K refinance costs fast.
What documents will mainstream lenders need?
2 years full personal + business tax returns, 2 years BAS, 6 months business bank statements, current employment evidence (if PAYG component).
Will my property need re-valuation?
Yes — new lender will order valuation. If property has grown, your LVR is better, opening more lender options.
Can I refinance from conventional low doc to halal full doc?
Yes — Australian Islamic finance providers can refinance from conventional low doc to halal full doc structure with proper documentation.
Refinance from low doc to save
Free 20-minute call.
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