Get the Best Assistance on Self Employed Mortgage from Loan Easy!

Are you looking for a self employed mortgage as you are unable to qualify for a traditional mortgage? If so, then we are offering the best assistance for you. We, at LoanEasy specialize in helping clients obtain mortgages without having to provide full documentation that a bank or lender typically requires. This makes it easy for having a loan approved for full time and part-time businesses. We follow a streamlined process that will not affect your loan but reduces the paperwork. Our team has a good understanding of how the banking system works and is able to assess your client’s eligibility for a loan on a case by case basis. Thus with our help, you can get a self employed home loan without any difficulty.

Being a leader in the industry, you can easily count on LoanEasy due the following reasons:

Hands on experience in self employed mortgage
We are licensed and insured.
We have strong relationships with lenders and be able to get you the best possible deal on your loan.
You can compare rates and you will be amazed to see our affordability
You can check our reviews on Google as well as through word of mouth in order to check our reliability.
With the help of our advanced knowledge and skill set, we are able to satisfy clients with the final results.

We also offer expertise and advice when it comes to making decisions about self employed home loan mortgages. We know what products are available in the market and which one is a perfect fit for your specific financial situation. We can also provide guidance on how to pay off your loan early or improve your credit rating so that future loans will be easier to obtain. With a self employed mortgage like us by your side, securing a loan is easy – no matter what your credit history or budget may be!

Obtaining our services will surely make us self-reliant as we guide you to get the most feasible deal in your account.

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Refinancing

What are the benefits of refinancing?

If you’re currently paying interest-only on your home loan, at some point in the future it will expire and you’ll be required to pay off both principal and interest. This article explains everything you need to know:

With the steady rise in house prices we’ve seen over the past decades, many new home buyers and investors are wondering how they can get their foot on the ladder.

When you refinance, you’re effectively replacing your existing home loan with a more suitable option, either by changing products or moving to a different lender.

Frequently asked questions

How do I apply for a loan?
How much can I borrow?

Check out our Home Loans repayment calculator to get an estimate of how much repayments may be.

For a more accurate estimate, we will need to complete an application to review all your information. We can even arrange a home loan pre-approval to give you the confidence you need to bid at an auction.

The minimum and maximum loan amount varies by product and lender, contact us for more details.
How long does it take for approval?

In most cases the team at Loan Easy will be able to give you a conditional approval within 48 hours. How quickly you get full approval depends on how quickly you are able to provide the necessary documentation to support your application. The most common causes of a delayed approval are normally the simplest – Unreadable Identification, missed signature etc.

Contact us today for assistance with the application process.
What is Lenders Mortgage Insurance?

Lender’s Mortgage Insurance, as the name states, is insurance that protects the Lender not you as the borrower.

Lender’s Mortgage Insurance (LMI) is a one off fee that normally applies to loans where the customer is borrowing more than 80% of the purchase price. LMI is scaled depending on the percentage you need to borrow (between 80 – 95%) and the amount of the loan (ie, $450,000).

LMI can start from $6000 and range up to over 5% % of the loan amount. You have two options to pay this fee. Some lenders allow you to capitalise the cost of your LMI, meaning that they will add this figure to your loan amount.

For example, if you are borrowing $450,000, your LMI may work out to be around $6000. You would actually increase your loan amount to now borrow $456,000 ($450,000 + $6,000).
How much Stamp Duty can I expect to pay?
What Documentation do I need to supply?
Depending on your circumstances and the home loan you have applied for, you will generally need to supply the following;
- Evidence of income – most recent payslips or letter from employer detailing conditions and most recent group certificate.
- Completed and signed Reduce Home Loans Application Form
- Certified coloured copy of your driver’s licence.
- First Home Owner Grant application (Required for First Home Buyers only).
- Signed copy of Contract of Sale (Required for Purchase only).
- 6 months home loan statements (Required for Refinance only).
- Rates Notice for existing property used as security (Required for Refinance/Equity Releases only).
- Copy of last 3 months’ loan statements for any loan to be paid out (Required for Loan Consolidation only)
Please note: we may require additional documentation depending on your circumstances.

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