In this article we will explore how to calculate how much equity you currently have, and then I will present a scenario that will show you how you might be able to start your investment property portfolio sooner than you thought.

Don’t let being self-employed stop you from buying your dream home or getting your investment property portfolio started.

As a self-employed borrower you may often face the challenge of not being able to present payslips and EOFY payment summaries to prove your income and support your loan application, but don’t let that deter you.

Purchasing a home or investment property when you are self-employed is not as hard as you might think. It just requires that you consider your business structure and how you pay yourself out of the business. This will dictate the documentation you need to provide.

Buy Now, Pay Later (BNPL) credit services, such as Afterpay, Zip (ZipPay and ZipMoney), Humm, and Openpay, are gaining popularity with the promise of instant gratification, but with every high comes the risk of a corresponding low. As the industry’s growth continues, I am warning users to be cautious of the temptation the service provides as all debt can affect the chances of securing a home/investment loan further down the track.

As Australians everywhere take a close look at their financial circumstances, mortgage brokers stand ready to lend a helping hand.

Whether experiencing financial hardship through job loss, a reduction in work hours, or business disruption, an increasing number of Australians may be struggling to balance their books as a result of the Coronavirus, and in many cases are wondering how they will continue to pay the bills.

You bought your home or investment property and at the time you had the sharpest rate possible. Very happy! But we all know that interest rates move with time and your lender has probably shifted rates here and there. Looking at your current interest rate, you realise it isn’t as sharp as it used to be.

What are your options?

What is a Mortgage Broker? Mortgage brokers are professional lending people who are independent from any one bank. They have qualifications with many banks in the Australian lending landscape, including major banks such as CBA, Westpac, St George, ANZ, and NAB. Brokers also have access to many non-bank institutions that lend money at a competitive rate (these include Pepper Money, Liberty, and Bluestone, to name a few).