Tag: Case Studies & Practical Guidance
All the articles with the tag "Case Studies & Practical Guidance".
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How to Apply for a Mortgage as a Freelancer with Multiple ABNs
Freelance income derived through multiple Australian Business Numbers (ABNs) has long been a blind spot in Australia’s mortgage underwriting. The major banks…
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Getting a Home Loan When You're Self-Employed and Under ATO Tax Audit
For a self‑employed borrower, a tax audit is no longer a distant regulatory possibility. It is a live event that can derail a home‑loan application within da…
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Documents Required for a Self-Employed Borrower to Discharge a Mortgage
The refinancing window that self-employed borrowers exploited to switch into cheaper variable rates during 2020 and 2021 has snapped shut. APRA’s decision in…
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What to Do When Your Tax Return Shows a Loss but Your Business Is Profitable
More than 1.2 million Australian sole traders, contractors and small-company directors filed a 2023‑24 tax return showing a net loss for the year. For some i…
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The Role of a Mortgage Originator for Complex Self-Employed Borrowing Scenarios
When the Reserve Bank cut the cash rate to 4.10% on 18 February 2025, it triggered the first easing of monetary conditions since November 2020. Two weeks lat…
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How to Document Cash Income for a Home Loan When Bank Deposits Are Incomplete
For self-employed Australians whose income includes cash payments, the pathway to a home loan narrowed significantly in the final quarter of 2024. A combinat…
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Low-Doc Loan Exit Strategies: When and How to Switch to a Full-Doc Product
Self‑employed borrowers who entered a low‑doc or alt‑doc loan between 2022 and 2024 did so at a time when traditional lender appetite for business income was…
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Essential Documents a Mortgage Broker Requests from a Self-Employed Client
Self‑employed borrowers sit at the intersection of the Reserve Bank’s most aggressive tightening cycle in a generation and a mortgage market that no longer t…
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How to Document Seasonal Income from a Tourist Business for a Home Loan Application
The Reserve Bank of Australia’s February 2025 cash rate reduction to 4.10%—the first cut since November 2020—did not lower the serviceability buffer that len…
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Getting Pre-Approved When Your Last Tax Return Isn't Completed: A Step-by-Step Guide
Self-employed borrowers entered 2025 with a planning dilemma that the broader mortgage market has yet to fully price. The Reserve Bank board held the cash ra…