Welcome back to That Backyard Property Podcast Miniseries! In this episode we explore the intricacies of securing home loans for self-employed individuals. Learn about various ways banks assess self-employed income, including the use of director wages, notice of assessment, and company financials. Discover why consulting with a mortgage broker and accountant can optimize your loan application process.
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Chapters:
00:00 Introduction to Self-Employed Home Loans
00:21 Understanding Bank Assessments
01:08 Using Director Wages for Loan Applications
01:49 Notice of Assessment Method
02:24 Financials and Tax Returns
02:55 Company Debt Considerations
03:27 Preparation and Strategy
04:13 Final Tips and Resources
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Produced by Podwave Studios: https://www.podwavestudios.au
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