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How self-employed business owners can get mortgage-ready

24 APR 2023 By Robyn Tongol 1 min read Investor Strategy

Getting a mortgage can be quite a challenge if you’re a self-employed business owner, but these experts say getting the prep work right is key to winning lenders’ approval.

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Smart Property Investment’s Phil Tarrant sits down with Eva Loisance and Rebecca Carlson from Finni Mortgages to discuss the additional hurdles faced by self-employed applicants when securing a mortgage and unpack the current lending environment in the wake of the rate hikes and prevailing business conditions.

The trio also looks into misconceptions about getting a loan while self-employed before explaining solutions available to this particular group of borrowers for property financing.

Lastly, they talk about the different ways self-employed borrowers can prepare for securing a mortgage, including improving their financial position, organising documentation, working closely with professionals, and more.

  

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RELATED TERMS

Mortgage
Mortgages are loans that are used to buy homes and other real estate where the property itself serves as collateral for the loan.
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