Can You Get a Mortgage as Self-employed?
Potential homeowners may be curious if they are able to get a mortgage as self-employed. Luckily, you are able to get a mortgage as self-employed. However, the process can be more difficult due to the difficulty of providing all of the financial documents required to apply for a mortgage loan. Low document home loans are great options for the self-employed, as they do not require the in-depth tax and financial statements that come with standard home loan package applications. Low-doc loans are also great options for investors, freelancers, and contracted workers.
Having a good credit score and financial history will be incredibly important, so paying off any personal debts like high-interest-debts and credit card debt can help to boost your credit score, improve your chances of getting approved for a mortgage, and can even increase your personal borrowing potential. Unfortunately, low document home loans typically come along with high interest fees that have the potential to lower with consistent on-time mortgage repayments.
At Mortgage House, we offer a large range of low document loans for self-employed borrowers to compare and apply for, including:
- Construction home loans
- Owner-occupier home loans
- Toggle Offset home loans
- Split home loans
- Fixed-rate home loans
- Variable-rate home loans
Reach out to our lending specialists today for more information on low-document home loan applications, financial planning, application recommendations, and mortgage repayment schedules that work the best with your independent financial situation. Make sure to check out our Mortgage Borrowing Calculator to easily compare and calculate mortgage loans, interest rates, and loan repayments.