Navigating Home Loans for the Self-Employed

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.--------------------------------------Follow the podcastSubscribe: / @thatbackyardpropertypodcast Instagram: https://www.instagram.com/backyardpro...Website: https://tuskfinance.com.auConnect with Michael: Facebook: / tuskfinancemk Instagram: / mortgageswmichael LinkedIn: / michaelkilliner --------------------------------------Chapters: 00:00 Introduction to Self-Employed Home Loans00:21 Understanding Bank Assessments01:08 Using Director Wages for Loan Applications01:49 Notice of Assessment Method02:24 Financials and Tax Returns02:55 Company Debt Considerations03:27 Preparation and Strategy04:13 Final Tips and Resources--------------------------------------Produced by ⁠⁠⁠⁠⁠⁠⁠⁠Podwave Studios⁠⁠⁠⁠⁠⁠⁠: https://www.podwavestudios.au #Property #Propertypodcast #MichaelKilliner #PodwaveStudios