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Home Loans For Self Employed Borrowers - COVID-19

Find here a complete guide on home loans for self-employed borrowers. If you are looking for the best value self employed home loans during the COVID-19, check out this presentation to know more how can you increase the chances of your home loan approval in Brisbane, Australia.

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Home Loans For Self Employed Borrowers - COVID-19

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  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.

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