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Mortgages for the Self Employed

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Mortgages for the Self Employed

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Old Apr 4th 2005 | 9:40 pm
  #1  
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From: Sunshine Coast
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Default Mortgages for the Self Employed

Just to let you know the Commonwealth bank have just agreed to give us a $370,000 mortgage. (Got it in writing)

My Husband is self Employed (10 Weeks) all he needed to produce was a letter from the Company that he is subcontracting from confirming his hourly rate and the average number of hours he subcontracts per week.

Did not have to produce any accounts/cash flow forecasts or Accountants letters.
 
Old Apr 5th 2005 | 9:20 am
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Default Re: Mortgages for the Self Employed

Originally Posted by jwinch
Just to let you know the Commonwealth bank have just agreed to give us a $370,000 mortgage. (Got it in writing)

My Husband is self Employed (10 Weeks) all he needed to produce was a letter from the Company that he is subcontracting from confirming his hourly rate and the average number of hours he subcontracts per week.

Did not have to produce any accounts/cash flow forecasts or Accountants letters.
Wow great news! Did you have a large deposit? Only we will be in the same situation when we get there. Just wondered how difficult it would be to get a mortgage being self-employed. What trade is your hubby mines a Bricklayer.

Michelle
 

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