Home Loan Self Employed 1 to 2 Years

Are you working as self-employed for the last 1 to 2 years? Need a self employed loan to buy a home in Brisbane, Australia? Find a complete guide on how to get a mortgage with 1 year of self-employment.

What is Self Employed Home Loan?

A self-employed home loan is a type of loan that many self-employed home buyers looking to buy their first home. You must have at least the last one or two years’ tax returns to get a home loan as per your requirements.

How to Get a Mortgage When Self Employed in Brisbane?

To get a self employed home loan in Brisbane, most of the lenders require you to be self-employed for at least 2 to 3 years, although some can consider if you are self employed for only 1 year. Here is a list of some tips that you can use to get approved for a self employed mortgage.

1. Always try to pay your bills on time

2. Arrange your loan application with well managed financial record

3. Make sure to check your credit score

4. Don’t over-complicate your loan application

5. Talk to an experienced self employed mortgage broker

How Much Can You Borrow As Self Employed?

If you are self-employed for the last 1 to 2 years then you are eligible to borrow up to 90% of the property value. But if you are self-employed for less than a year then you can borrow up to 80% of your property value. Talk to a mortgage broker in Brisbane, Queensland and avail the best value home loan.