Hard financial times often require smart solutions to problems that can be easily solved.  You may have taken a loan, and have defaulted on them because of your financial situation.  Possibly you could have lost your job, or have been disabled and unable to work, or may have lost a great deal of money in your business.  If you find it impossible to keep up with your repayments, because of your current situation, or see refinancing as a possible strategy to save some money then you should seriously think about refinancing your existing low doc loan.

Interest rates continually fluctuate and change.  Sometimes they are high, and at other times they are low.  This is exactly what may happen for low doc loans.  At the right time, and with the right circumstances one could possibly benefit from refinancing a low doc loan to achieve some savings due to lower interest rates.

The main factor in refinancing is choosing the bank or lender who should handle your balance transfer and refinancing.  This may be a difficult choice as there is an endless array of loan products and packages that can be developed.  However, with some advice from home loan experts, it would be possible to custom fit your refinancing to get the best savings on interest possible, or a mix of flexibility and lower interest rates.  This means it is very likely for you to get a good deal on low doc loan refinancing.