Loans for Self-Employed Borrowers in Melbourne Suburbs
Malvern, Melbourne CBD, East Melbourne, North Melbourne, South Melbourne, Port Melbourne, Carlton, Docklands, Fitzroy, Prahran, Richmond, South Yarra and surrounding suburbs
Sometimes self-employed borrowers may find themselves in need of a home loan that isn’t quite standard, mostly because they have comprehensive tax minimisation strategy in place which can sometime limit the availability of qualifying for a regular home loan.
With all of the ongoing regulatory and legislation movements, it is important to keep current with these changes, as only a handful of lenders provide specific Self Employed loan products. Therefore, it pays to be up to date with which lenders and their specific requirements before a product is recommended and the application submitted.
‘Alt-Doc’ loans as they are more commonly referred to these days fulfill the needs of many self-employed borrowers, as an application can generally be assessed with minimal financial supporting evidence such as 12 months BAS statements and an ABN that has been active for at least 12 to 24 months depending on the lenders requirements.
Some lenders may also require additional information like accountant verification of declared income. There are no hard and fast rules, each situation is different to the next based on the applicants own specific circumstances and often priced accordingly. The key here is knowing that there may be a solution for you after all when your traditional avenues have been exhausted and unsuccessful.
Talk to me today on 0438 041 111 to find out more about your Self Employed home loan options.