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Melanie O'Connell

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Self Employed | Small to Medium Sized Businesses

Are you self employed and wanting to purchase a home or investment? As your local mortgage broker in Narellan, we can help!

As a small business owner, we can appreciate the demands of running a business while also working towards your own personal goals, such as purchasing a home or investment. Don't put your plans on hold because the process or document requirements seem too involved. Give me a call on 0435 048 118 to find out more about your finance options.

Once I understand your situation I will research and compare a panel of lenders to find a loan that best meets your needs. We take care of the legwork, simplify the process and can answer your questions along the way.

It's important to know that being self-employed can mean it's harder to be approved for a traditional home loan, especially if you don't have all the documentation required. But don't worry, as I'm an expert in this field and there are still plenty of options available. 

"We would like to thank Melanie for her professional and helpful assistance in purchasing our new home. The knowledge and experience she shared along with her warm and approachable nature made choosing a home loan stress-free. We have no hesitation in recommending her and calling upon her services again in the future."

 

- Fabrice and Raya, Bradbury

We understand small businesses | Mortgage Choice Narellan
What is a low doc home loan? | Finance broker Campbelltown & Camden

A low-doc or no-doc mortgage is ideally suited for investors or self-employed borrowers looking to refinance, purchase or renovate. 

Low Doc home loans are often perceived as higher risk by the lenders because the income of the borrower cannot be substantiated by conventional means. As a result, a Low Doc loan would usually have a higher-than-average interest rate; plus more limitations in terms of the maximum Loan to Valuation Ratio (LVR), available loan features and package discounts.

A self-employed borrower would typically need to provide proof of income using a combination of the following:

  • Proof of ABN and/or GST registration
  • Business Activity Statements (BAS)
  • Business Account transaction statements
  • Accountant's letter
  • Personal tax returns

Before applying for a Low Doc home loan, we'd recommend organising an appointment with our team from Mortgage Choice Narellan so we can work out your net income and the amount of loan you can realistically afford to service on a regular basis.

Doing this could help to avoid disappointments, plus you could also uncover more lenders or product choices which you were not previously aware of.

Even if you're in the early stages and simply have a question, I'm here to help. Give me a call today on 0435 048 118 to discuss your situation! 

As your local mortgage broker in Narellan, we can help you with: 


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