Myth: It’s harder to get a home loan if you’re self employed
Self employed customers often complain about the difficulty in getting a home loan because they are often dealing with a bank or someone who does not have the expertise to understand their situation.
There is an extra level of complexity when analysing the income of self employed customers because of the way their business is structured to legally minimise their tax obligations. As a result of this, their situation isn’t straightforward compared to someone who is earning a fixed salary from their job.
The result of going to the wrong bank or dealing with someone who isn’t experienced with self employed borrowers is you’ll be asked to fit into a box instead of finding a solution that fits your business structure.
Self employed clients that we help with are usually in these categories:
I had a great experience with the team at Kaleido Loans. David were professional, knowledgeable and really easy to deal with….
Kaleido loans is Highly recommended. They are so helpful. I was looking for a house to buy and my credit score wasnt so great.
Speak to us about a range of self employed lenders that we use to help our customers get approved for their home loan.
Kaleido Loans was established in 2015 by its founder Jason He. Since 2015, we have been helping our clients find the best loan for their situation and guiding them to achieve their financial goals. During the process, Kaleido Loans has outgrown Jason’s home office and we are now based in the hear of Parramatta with Three mortgage brokers and three assistants.
Underpinning this growth is the principle of “always acting in our client’s best interest” and this has been our guiding philosophy from day one.
Our mortgage brokers are all qualified with the highest industry recognised Diploma of Finance and Mortgage Management. We are also full members of Australia’s leading industry bodies, the Mortgage and Finance Association of Australia (MFAA) and Finance Brokers Associates of Australia (FBAA).
We have access to arrange your loan with a diverse range of different lenders/banks. These lenders include the major banks (such as Westpac, ANZ, NAB, CBA etc) and non-major banks (such as ING Direct, Macquarie, ME Bank, Suncorp). In other words, banks with branhces as well as those without!
We also have access to other lenders who provide personal loans, car loans, equipment loans and commercial finance.
Our goal is to find you a loan that is suitable for your needs and requirements and continue to service your after settlement to ensure your loan continues to meet your needs as your life changes.
We conduct a detailed clients needs analysis and fact-finding process so we can fully understand your current financial situation and what your goals and needs are. Whether it’s to purchase your first home or purchasing your next investment property, by making sure we understand you, we can start the process of researching and personalizing, recommendations suitable for your situation.
After we shortlist a selection of lenders and their products, we then explain to you how these options match your needs, based on what you have told us.
Visit our learning centre to learn everything you need to know about home loans
Cerulean Finance Pty Ltd Trading As Kaleido Loans is a credit representative (494551) of Mortgage Specialist Pty Ltd ACN 050 601 093 (ACL 387025)
Cerulean Finance Pty Ltd trading as Kaleido Loans ABN 86 606 929 113
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