We have been helping self-employed clients with their mortgage needs for over 15 years. Yes, sometimes getting loan approval with a self-employed income can be challenging -particularly when there are complex incomes or tight settlement periods- but there are now many lenders who are keen to service self employed customers. 

Our top 3 Q&A regarding the self-employed loan approval:

  • What was the situation of the client and how did Micah Finance Solutions assist?

The client wanted to purchase a block of units as an investment. They had a 20% deposit but preferred borrowing above 80% LVR. They were happy to use their current home as security. It had a clear title and would allow them to borrow the whole amount.

  • What was the challenging part during the mortgage process?

The client was self-employed and could not provide the other lenders with the two years of ABN documents because he only held his ABN for 15 months. Turnaround time was crucial because they needed to acquire the land with approval within a week and a settlement within three weeks.

  • How did Micah Finance Solutions make it possible?

Micah Finance Solutions took the extra mile and performed an alternate process in verifying the income of the client. The approval and settlement dates were granted. Through this alternative effort, the client was very happy with the outcome.

Become one of our happy clients today. If you are self-employed, Schedule an Obligation Free consultation with our Mortgage Broker.