Self Employed Home Loans

Are you finding it hard to secure a mortgage because you’re self-employed?

The team at Financial Scope Melbourne are often approached by people in business enquiring about their home loan options. Many people enjoy the freedom of working for themselves, but in some cases, being self-employed can make it more difficult to secure home finance loans than someone who is on a traditional salary. Many self-employed business owners in Melbourne and across Victoria have strong cash flow but often don’t have up-to-date paperwork, which can prove challenging when trying to achieving an affordable and effective home loan. While you may not tick all the boxes for a traditional lender, this doesn’t mean you’re unable to get a mortgage loan; Financial Scope Melbourne is an industry-specialist in professional home loan broking, and can help you secure the loan you need. Flexibility is a very important factor in home loan assessment, especially for self-employed business owners. Take a look at the following options to see if there’s a mortgage solution for you:

• Trading for 6+ months
• Maximum 80% loan to value, subject to property type and location
• Cash out available depending on the lender
• Many more options available

Financial Scope Melbourne’s team, comprising experienced and specialist brokers, can help you gather the correct documentation to make sure your mortgage application is complete. We can also help you show your financials in the best light, demonstrating your capacity to repay the loan. Given the ever-changing nature of this dynamic industry, it is very important to talk to a broker before submitting a loan application. With a wide variety of choice, our many lenders offer a competitive home loan that is suited to your needs and, in some cases, allow some flexibility with the documents required.