How To Secure A Home Loan When You're Self-Employed
Self-employed Australians face a particular set of challenges when applying for a home loan, and often struggle to secure the finances that they need to enter the property market.
The unpredictable nature of self-employment means that some financiers might be less willing to give you home loan approval and this can be discouraging.
That is why it is a good idea to speak with a professional and experienced mortgage broker who can offer advice as to your best option moving forward.
There is actually a wide range of home loan options available that are each designed specifically for those in your situation. An experienced mortgage broker can point you in the right direction.
For example, a low documented home loan is perfect for self-employed Australians, entrepreneurs and SME owners as you do not need the same level of financial statements and personal documentation as you would with a more standard home loan.
There are numerous different variations of low documentation home loans available, each with their own pros and cons, so it is worth weighing up your options carefully.
To get more detailed information on your situation, talk to a Loan Market mortgage broker today.