Running your own business shouldn’t get in the way of plans to buy your first home
Is there any advice you can give on how to get a loan if you are self-employed?
Last week we looked at what you need to do if you’re self-employed. This week learn about Brisbane couple David and Penny Jones who had a highly successful business they had owned for over a decade, but were dumbfounded when they applied to their bank for a $900,000 home loan and were turned down.
Mortgage lending to self-employed people can be quite complex and requires specialist knowledge of the lender’s requirements.