Self employed home loans | Mortgage Broker Fen Barraclough
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Start your home loan journey today
Getting a home loan when you're self employed
If you're self-employed and want to explore your home loan options, Fen Barraclough is here to help. Servicing Redland Bay, Manly, Wellington Point and the surrounding areas, Fen understands the unique needs of business owners and can guide you through the process.
How do lenders assess self-employed applicants?
One of the key things to understand is that lenders often take a more conservative view of your income when you're self employed. They may average your earnings over two years or consider your taxable income after deductions, which can sometimes understate your actual borrowing power.
This is why it's so important to work closely with a Mortgage Broker, like Fen Barraclough, who can help you through the process. Fen understands how to present your financials in the best light and will match you with lenders who are flexible and experienced with self-employed borrowers.
Reach out today to get started. Call Fen on 0422 071 026.
Tips to get a home loan when self employed
Getting a home loan as a self-employed applicant is achievable, however preparation is key to ensure a smooth process. Here are a few tips to improve your chances of loan approval:
- Keep your tax returns and financial statements up to date
- Minimise personal debt where possible
- Be ready to explain any income fluctuations
- Show consistent business performance over time
If you have any questions, it's best to contact your local Mortgage Choice broker, Fen Barraclough, to go through your personal situation.
Home loan guides
Looking for help navigating the home loan process? Our guides cover everything from buying your first home to refinancing and investing. Download your free copy now.
To discuss your loan options, contact Fen Barraclough this week.
