Tag: Self-Employed Borrowing Essentials
All the articles with the tag "Self-Employed Borrowing Essentials".
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Why High-Net-Worth Self-Employed Borrowers Still Need Income Documentation for a Loan
A portfolio of investment properties, a share-trading account in seven figures, and a fully owned family home have long been the calling cards that let high-…
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Proving Income When Your Business Has Been Active for Less Than 12 Months
The Reserve Bank’s cash rate target has sat at 4.35% since November 2023, and the mortgage market has not seen a single cut across the entire tightening cycl…
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No Deposit Home Loan Options for First-Time Buyers Who Are Self-Employed
The Reserve Bank’s decision to hold the cash rate at 4.35% through the first half of 2025 has compressed borrowing capacity for every cohort, but the deposit…
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Combining a Spouse's PAYG Income with a Self-Employed Partner's Alt-Doc Application
The number of self-employed Australians who file a joint mortgage application with a PAYG earning spouse is climbing, yet the most significant shift in borro…
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Australian Expats Who Are Self-Employed: Options for Borrowing Back Home
Australian self-employed expats are navigating a financing window that has been cracked open by a stabilising rate cycle and a patchwork of non-bank policy r…
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Why Self-Employed Borrowers Pay a Higher Interest Rate and How to Negotiate It Down
Self-employed borrowers in Australia have watched the interest rate premium on low-documentation mortgages stretch from a modest 50–70 basis points in 2021 t…
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How to Improve Your Credit Score as a Self-Employed Borrower Before Applying
The self‑employed borrower’s credit score has rarely been as consequential as it is now. While the Reserve Bank of Australia has held the cash rate at 4.35%…
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Can a Company Director with Only 6 Months of Trading History Get a Mortgage?
The Reserve Bank of Australia held the cash rate at 4.35 per cent through its July 2024 meeting and APRA has kept the serviceability buffer at 3.0 percentage…
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Combining a Partner's PAYG Income with a Low-Doc Application: How It Works
When the Reserve Bank board left the cash rate unchanged at 4.35 per cent for a sixth consecutive meeting on 6 August 2024, it locked self‑employed borrowers…
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Can a Non-Resident Self-Employed Borrower Get an Australian Home Loan?
A quickening in Australian property prices across 2023 and early 2024, combined with the Reserve Bank’s cash rate holding at 4.35 per cent since November 202…
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Can a Sole Trader with an ABN Less Than 2 Years Get a Mortgage?
The Reserve Bank of Australia has held the cash rate at 4.35 per cent since November 2023, and APRA removed its standardised 3‑percentage‑point serviceabilit…
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How Long Does Your ABN Need to Be Active for a Low-Doc Home Loan?
The self-employed lending segment has entered a period of quiet but consequential tightening around the single most basic metric on a borrower’s file: how lo…