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Posted By Outdoor Living Direct Pty Ltd on 13/03/2023 in News

WizWealth Finance is a Well-Known Specialist Mortgage Broker for Self-Employed People

Self employed borrowers often encounter an array of unforeseen obstacles when trying to obtain a home mortgage. WizWealth Finance is a mortgage broker for self-employed individuals seeking to invest in the property market.

WizWealth Finance can assist Self employed borrowers interested in commercial property, funding for their business expansion, investment property, or buying a vehicle. Purchasing a home can be a complex process if you are new to it. WizWealth Finance works with clients throughout the home buying process, providing crucial tips ensuring a smooth experience. The business assists clients in locating financing structured to meet their desired loan term, interest rate and repayment plan.

The self-employed are required to provide more documentation compared to PAYG applicants  when seeking a home mortgage, but the assessment is largely based on their income. Depending on the lender, they may require a specific percentage of income over the mortgage amount or significant downpayment. Lenders may deem an individual a risky borrower if they have launched a new business enterprise. As a mortgage broker for self-employed borrowers WizWealth Finance understands the mortgage market and helps clients qualify a most suitable lender

Our mortgage broker considers applicant’s income, savings, living expenses, and financial commitments, insurance needs, current liabilities and credit history as some of the factors. WizWealth Finance takes a holistic approach to lending and informs buyers of additional costs associated with their mortgage. The brokers can assist with applying for the First Home Owners Grant (FHOG), and explain the terms and conditions that apply, depending upon the state in which the borrower resides.

There are often additional govt. charges associated with the borrowing process, such as stamp duty, pest and structure inspections, and legal fees. Each potential home buyer is presented with information about all terms and expenses to provide them with a clear picture of their borrowing power. WizWealth Finance recommendations are based on client’s circumstances to locate the best mortgage options. Clients are never obligated to accept any mortgage offer.

People that are self-employed within any industry encounter special challenges when obtaining a home mortgage. WizWealth Finance has access to an extensive range of lenders and can assist with equity, refinancing and special govt. programs. WizWealth Finance is a well-known mortgage broker for self-employed in the industry.

About WizWealth Finance

Once you decide to embark on the journey to create personal wealth, consider us your personal guides and friends who will assist you at every step in your journey.

 

Media Contact

WizWealth Finance

Phone: 1300 912 340

Email: [email protected]

2/16 Prosperity St.

Truganina, VIC 3030

Website: www.wizwealth.com.au

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