Self-Employed Home Loans

As a business owner, you're an expert at running your company—but proving your income to a bank can be a frustrating, complex process. At Max Rich, we specialise in home loans for the self-employed. We understand the unique challenges you face and know how to navigate lender policies to secure the finance you deserve.

Self-Employed & Business Owner Home Loans on the Gold Coast

The Gold Coast is powered by ambitious entrepreneurs, sole traders, and contractors. Yet, when it comes to getting a home loan, the banks often make it difficult. Inconsistent cash flow, complex company structures, and a lack of traditional payslips can lead to roadblocks. We get it. We're experts at presenting your financial story in the clearest, strongest way possible. We work with a panel of specialist lenders who offer flexible income verification options (Low Doc and Alt Doc loans), ensuring your hard work and success are properly recognised.

Our Proven Process for Gold Coast Business Owners

Our process is designed to handle the complexities of self-employed finance, making your journey to property ownership smooth and successful.

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1

Business & Financial Discovery

We start with a deep dive into your business structure, your goals, and your financial history. We take the time to understand how your business operates and what you want to achieve.

2

Income Verification Strategy

This is our key area of expertise. We'll work with you and your accountant to determine the best way to verify your income—whether that's with full financials, Business Activity Statements (BAS), or bank statements.

3

Specialist Lender Matching

‍We leverage our knowledge of the market to match you with lenders who have favourable, flexible policies for self-employed applicants, significantly increasing your chances of approval.

4

Professional Application Packaging

‍We professionally package your application, translating your complex financial situation into a clear and compelling case that lenders can easily understand and approve.

5

Managing Lender Communications

We handle all the questions and communications with the lender on your behalf, saving you time and stress and ensuring the process keeps moving forward efficiently.

6

Approval Through to Settlement

‍From securing your formal approval to coordinating a smooth settlement, we manage the entire end-to-end process, letting you focus on running your business.

Explore your loan options & their features.

As a business owner, you have access to specialised loan solutions. A Full Doc Loan is ideal if you have one or two years of solid tax returns. If your financials are more complex or you haven't been in business long, a Low Doc (or Alt Doc) Loan is a powerful alternative. This allows you to use other documents like your BAS, an accountant's letter, or business bank statements to verify your income, providing a flexible path to a home loan.

Variable rate loan

A Variable Rate Loan is a home loan where the interest rate can move up or down according to market conditions. Its greatest strength is flexibility.

Fixed rate loan

A Fixed Rate Loan locks in your interest rate for a set term, typically from 1 to 5 years. This means your repayment amount will not change for the entire fixed period, regardless of what happens in the market.

Split Loan

A Split Loan offers the best of both worlds by allowing you to divide your total home loan balance between two parts: one with a fixed interest rate and the other with a variable interest rate.

Packaged Loan

A Packaged Loan (or Professional Package) bundles multiple financial products, like your home loan, a credit card, and a transaction account, for a single annual fee.

Introductory Rate Loan

An Introductory Rate Loan (or 'Honeymoon' Rate Loan) is a variable rate loan that offers a discounted interest rate for an initial period, such as the first 12 months.

Interest Only Loans

An Interest Only loan is a strategic tool where your repayments only cover the interest on the loan for a set period (typically 1-5 years). This results in lower initial repayments, which is ideal for property investors looking to maximise their cash flow and tax deductions.

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Guarantor Home Loans

A Guarantor Home Loan is a fantastic way to get into the Gold Coast property market sooner, even with a small deposit. A guarantor, usually a parent, uses the equity in their own home to provide additional security for your loan.

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Helpful calculators.

Explore your financial possibilities and understand potential costs with these handy calculators.

Borrowing Calculator

Use the calculator to find out how much you could borrow.

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Budget Planner Calculator

Use this budget planner to help understand your income and expenses, and where you could make savings.

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Extra Mortgage Repayments Calculator

You could potentially save thousands of dollars and take years off your loan by making extra repayments. Let’s run the numbers.

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Honeymoon Rate Loan Calculator

A honeymoon loan can help reduce your monthly repayments for a set term. Use this calculator to compare what your repayments would be compared to a variable loan.

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Income Tax Calculator

The income tax calculator can be used to calculate your net income.

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Loan Comparison Calculator

Different loans have different fees, features and repayment options. Use our loan calculator to see how the numbers stack up between two loans.

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Loan Repayment Calculator

Use this repayment calculator to understand how much your loan repayments might be.

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Lump Sum Repayment Calculator

This home loan repayment calculator helps you calculate the savings benefits of making additional lump sum repayments on your home loan.

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Mortgage Offset Calculator

Use the calculator to see how quickly you could pay off your loan with an offset account.

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Savings Planner Calculator

Use the calculator to find out how much you could save.

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Stamp Duty Calculator

Find out how much budget you need to set aside to cover Stamp Duty costs and what the requirements are in your state or territory.

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Frequently asked questions.

View our full FAQs
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Can you help me figure out my borrowing capacity?

Absolutely. Your borrowing capacity is a calculation of how much a lender will loan you based on your income, debts, and living expenses. While online calculators offer a rough estimate, we provide a far more accurate and reliable assessment. We will analyse your financial situation to give you a clear budget and help you secure a formal pre-approval, which is the green light you need to search for property with real confidence.

How long does it take to close?

The time it takes to close on a mortgage can vary, but it typically ranges from 30 to 45 days. Factors that can influence this timeline include the lender's processing speed, the complexity of the loan, and the responsiveness of all parties involved.

Tips for a Smooth Closing

To ensure a smooth closing process, maintain open communication with your lender and promptly provide any requested documentation.

How much can I borrow?

Your borrowing capacity depends on several factors, including your income, financial commitments, living expenses, and the size of your deposit. While online calculators provide a rough estimate, our detailed assessment provides a much more accurate figure. We do this as part of a formal pre-approval process, so you know exactly what your budget is before you start looking.

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How to apply for a mortgage?

Applying for a mortgage involves several steps. First, gather necessary documents such as proof of income, tax returns, and credit history. Next, research different lenders and mortgage products to find the best fit for your needs.

Steps to Follow

  1. Gather financial documents.
  2. Check your credit score.
  3. Shop around for lenders.
  4. Submit your application.

Following these steps can streamline the mortgage application process.

Should I rent or buy?

This is a major financial decision with pros and cons on both sides. Buying allows you to build equity and provides long-term stability, while renting offers flexibility and fewer responsibilities. We can help you understand all the costs and financial commitments involved in buying a property on the Gold Coast, giving you the clarity to make an informed decision that’s right for you.

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Should I use a bank or broker?

A bank can only offer you its own limited range of products. As your mortgage broker, we offer you a choice from over 60 different lenders. We work for you, not the banks. Our role is to understand your unique needs, compare the market to find a suitable loan, and manage the entire process from application to settlement, saving you time and stress.

Talk to us today about your options.

Let’s chat today and find the right solution for you. Whether you’re buying your first home, expanding your business, or upgrading your vehicle, Maxine and the Max Rich Brokerage team provide expert, obligation-free guidance across the Gold Coast, Logan, Brisbane, and the Scenic Rim, tailored to your goals.

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