Mortgage Options for Self-Employed Individuals
This week’s newsletter finds me sipping a coffee at the charming Freckle Cafe in the noted “Sapphire Area” – Inverell, a picturesque town in Northern New South Wales. My tour to visit clients on the east coast of Australia has taken me through Albury, to meet wonderful long-term clients, the Ning’s, on the way to lunch with marvelous clients in Canberra. All of these clients have helped us by referring their family and friends and we are very grateful.
Yesterday, I had the pleasure of catching up with some more amazing clients, Daniel and Cindy, in northern NSW – Inverell itself! It was inspiring to hear about their experiences settling into this beautiful town. Watch our video here 👉
Daniel, who is the founder of MerlinFX, also helps busy business owners with effortless website management and growth. We’ve added his contact details below should you need help in this area.
Mortgage Options for the Self-Employed
Buying a home can be a major milestone, and for the self-employed, the mortgage process might seem a little more daunting. But fear not! There are plenty of loan options available for those who are their own bosses.
Check out our video below where we explore some of the most common mortgage options for the self-employed and provide tips to strengthen your application.
Download the Transcript | Read the Disclaimer
Thinking of buying a home but worried your self-employed status might hold you back?
Tips for a Smooth Mortgage Journey:
- Be Prepared: Gather your tax returns for the past 2-3 years, business bank statements, and proof of income.
- Boost Your Credit Score: A higher credit score translates to better rates. Aim to settle any outstanding debts and work on improving your credit report.
- Consider a Larger Down Payment: A larger down payment strengthens your application and can lead to lower interest rates.
- Find a Lender Who Understands You: Look for lenders with experience working with self-employed borrowers. They can guide you through the process and tailor a loan to your unique financial situation.
Remember: Getting a mortgage as a self-employed individual requires preparation and the right guidance. By understanding your options and taking proactive steps to strengthen your application, you can achieve your dream of homeownership.
We’ve Got Your Back: Don’t do it alone! Our team of experienced mortgage professionals specializes in working with self-employed borrowers. Let’s schedule a complimentary consultation to discuss your unique situation.
As always, if we can be of any assistance and you would like a one-on-one consultation for any loan type, please reach out and book a time with us here.
Talk soon,
