Self-Employed Home Loans: Proving Income & Cash Flow
If you run a business, freelance, contract, or work as a sole trader, you already know the frustrating part of applying for a home loan. Your real income can be healthy, but your taxable income might look smaller once legitimate deductions are applied. This is exactly where many self-employed home loans get stuck, not because […]
No Tax Returns Yet? Home Loan Options for Newly Self-Employed Borrowers
If you have just become self-employed, it is common to feel stuck when a lender asks for two years of tax returns that simply do not exist yet. The good news is that no tax returns yet does not always mean “no home loan”, it usually means the lender needs a different way to verify […]
Self-Employed Home Loans: What the Big Banks Just Changed (And What Still Needs to Catch Up)
If you’re self-employed and have ever applied for a home loan, you already know the drill: more questions, more documents, more hurdles. Even with a thriving business, getting approved for self-employed home loans through traditional banks has often been harder than necessary. But in a welcome shift, several major banks have finally started changing how […]
Empowering the Self-Employed: How Bankwest’s ‘Simple Self-Employed’ Policy is Changing the Game
Don’t miss our LinkedIn post where we first shared this exciting update! Securing self-employed home loans isn’t always easy. Traditional lending policies often prioritise steady, long-term income—a requirement that can be challenging if you’re growing a business or just starting to pay yourself a wage. For many entrepreneurs, this creates a major hurdle to homeownership. […]
Guide for Self-Employed Borrowers: Low Doc Home Loans
Entering the finance world, particularly as a self-employed person, can be overwhelming. With numerous loan choices and complex jargon, it’s challenging to know where to start. Luckily, this guide is here to help. With clear explanations and simple comparisons, this article explains the low or alt doc home loan market in Australia, making it easy […]