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Old 09-03-2009, 12:30 AM
shubh shubh is offline
Real Estate Agent

 
Join Date: Jul 2009
Location: Delhi
Posts: 28
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If you are self employed, you can apply for a Lo Doc loan for up to 70% of the value of your owner-occupied property. Lo Doc means you will not need to produce accounts to prove your income. If you are paying 20% interest or more on other borrowings (such as credit card or hire purchase) it can make a lot of sense to increase your home loan so you pay less interest and only have one payment to worry about.
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