There is a wide range of mortgages to suit you as a self-employed borrower. It is important to choose the right home loan. If you are looking for a traditional loan or low doc home loan then here is a list of suitable mortgage for you:
Interest-only loan – This loan is perfect for investors who want to maximize the cash flow on their property.
Standard variable rate loan – This is the most popular loan type because it offers many useful features and flexibility. You can click over here to know more about home loans.
Fixed-rate standard loan – This loan is very popular with investors because it offers the security of a fixed rate.
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Loan based variable rate – This loan is ideal if you're looking to make minimum payments and you need less flexibility than a rate standard variable home loan.
Line of credit – This loan allows you to use the equity in your property, and you will pay interest on the money you use.
Low loan Doc – This loan is also conveniently called a low documentation loan for self-employed borrowers who are unable to provide proof of income.
Construction loan – Construction loans usually interest for the construction period. But after the construction period is over, you are then able to choose from a variable rate, fixed-rate or a credit loan online.
Buying a home at any stage of life can be an overwhelming process in itself. All this can be a challenging and time-consuming task, so with a brokered financing, you will save much time and heartache.