A Self-Employed Mortgages broker is trained to know which type of loan is suited for your unique circumstances as a self-employed professional.
With unrivalled market knowledge and a specialised focus on you, we only recommend home loans that have features you are likely to use, maximising your wealth portfolio and minimising the overall cost of your loan.
1
Complete our form or call us to discuss your scenario.
2
We assess your scenario, screen our lenders and get you pre-approved.
3
We negotiate your rate and present you with your options.
4
You pick the option that best suits and we get your loan formally approved.
Professional who recently became self-employed.
BACKGROUND
Our client had her mortgage application declined by a bank due to ‘short employment history’ in the new role. She was previously employed full-time at a company before registering an ABN and starting a business. The bank had declined his loan because she had only been contracting for three months.
THE PROBLEM
When assessing self-employed borrowers, lenders require ABNs to be at least two years old. Lenders will request two recent tax returns showing the income generated as a self-employed professional.
OUR SOLUTION
We shortlisted and negotiated with lenders who assessed her employment using bank statements and tax invoices to annualise her income.
THE RESULTS
We placed her with a lender who annualised the income she generated during the first three months as a contractor. No tax returns were required, and the home loan was formally approved.
Professional who had been self-employed over 2 years, however the most recent tax returns show a large difference from the previous year. The max loan approved did not reflect the current situation.
BACKGROUND
Our professional client was pre-approval for a low loan amount by their bank.
THE PROBLEM
The bank averaged the income and it did not reflect the current situation. Most banks require 2 years tax returns and they average the 2 years if there is more than a 20% variance between the two years.
OUR SOLUTION
We shortlisted and negotiated with lenders who assessed who used a 1-year tax return in isolations exclusively for professionals.
THE RESULTS
The loan was formally approved at a higher maximum loan amount with a lender who used the latest tax return in isolation. The client managed to purchase a property at their original price range.
Mortgage Doctors