Home Loans For Self Employed Borrowers - COVID-19

1
Home Loans For Self Employed Borrowers

• What's Changed in COVID-19 Home Loans?

2
How Self Employed Home Loans Have Changed In
COVID-19?

• If you are thinking to apply for a self employed
  home loan in Brisbane then consulting a mortgage
  broker in Brisbane would be good idea. However,
  rules and regulations are not much changed but
  yes COVID-19 made it little harder for self
  employed borrowers who are wishing to get a home
  loan.
• To know more about the impact to self employed
  borrowing due to COVID-19, you can visit the
  self-employed borrowers guide.

3
How Much Can I Borrow As Self Employed In
COVID-19?

• Well self employed borrowers can loan upto 90
  percent of their property value but due to
  COVID-19 impact some lenders are now only
  allowing upto 80 percent.
• To get the best value self employed home loan as
  per your need you can consult a professional
  mortgage broker in Brisbane. Consulting with an
  expert home loan broker you can know the how much
  you can borrow as a self employed in COVID-19.

4
What Documents Required For Self Employed Home
Loan?

• Last 2 years financial statements including
  personal returns, company returns and business
  profit and loss statements.
• A Business Activity Statement (BAS) with periods
  from the most recent financial statements through
  to application date.
• Business bank statements or a letter from your
  accountant projecting your income for the next 12
  months.
• A statement to outline the effect of COVID-19 on
  your business.

5
Are Low Doc Home Loans Still Available Amidst
COVID-19?

• Yes, low doc home loan options are still open for
  self employed borrowers. If you are planning for
  a self employed loan then you can contact your
  personal mortgage broker with less documentation.

6
How Can You Increase Chances Of Home Loan
Approval?

• If you are applying for a home loan then lenders
  may ask you more questions on the impact of the
  coronavirus pandemic on your business. But if you
  choose a professional mortgage broker like North
  Brisbane Home Loans, you can increase your
  chances of self employed home loans approval.
• Contact the North Brisbane Home Loans team today
  or book an appointment to discuss your loan
  requirement.