• October

    16

    2017
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Using your company profits in a home loan application

Using your company profits in a home loan application

At Bee Finance Savvy, we often have self employed clients who need a home loan. Some have their own proprietary limited company. Often their income alone isn’t enough to service the home loan they want. Many people think that they can just add their company profits to their income in the loan application. But this isn’t as straightforward as you might think.

If I’m self employed, can I add my company profits when applying for a home loan?

It is possible to add your company profits to your income when applying for a home loan. But it’s important that you apply to the the right lender to be approved. And you need to complete the application the right way.

Every lender uses specialised calculators to calculate your income, and thus your borrowing capacity. These calculators can vary widely between lenders. And the calculations also tend to be a bit more complex if you’re using company profits to get a home loan.

With all these factors, it’s very important that you apply for your home loan with the right lender. It’s equally important that you present your information to the lender the right way, so that they don’t reject your application.

This is where a mortgage broker like Bee Finance Savvy can really help. At Bee Finance Savvy, we have use of a panel of over 30 different lenders. We make it a priority to keep up to date on every lender’s policies. Thus, we can easily determine which lender is most suitable for each client.

We also have access to lender calculators. This lets us assess our clients’ borrowing capacity and eligibility on these calculators, before we lodge an application. company profits home loan mortgage broker Bee Finance Savvy Sutherland Shire

Using this system, we can assess each clients individual circumstances up front. This enables us to determine your chance of approval before we apply on your behalf. Not only does this give you a degree of certainty, but it avoids unnecessary marks on  your credit file, which can impede your ability to borrow.

I want to find out more!

If you’d like to find out more, it’s as easy as getting touch with our broker Desiree! Desiree is based in Sydney’s Sutherland Shire, but helps clients from all over Australia.

You can call or text Desiree on 0455 131 937 or 1300 140 554. Desiree can be emailed at enquiries@beefinancesavvy.com.au .  You can also get in touch by using the contact us form on this site.

To see reviews from Bee Finance Savvy customers, have a look at our WOMO page. https://www.wordofmouth.com.au/reviews/bee-finance-savvy-miranda

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