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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What are closing costs?

Closing costs are fees associated with finalising a mortgage transaction. These costs can include loan origination fees, title insurance, appraisal fees, and more. Typically, closing costs range from 2% to 5% of the loan amount.

Importance of Closing Costs

Being aware of closing costs is essential for buyers, as they can significantly impact the overall cost of purchasing a home.

What are the types of mortgages?

There are several types of mortgages available to borrowers, each with its own features and benefits. The most common types include:

  • Fixed-Rate Mortgage: The interest rate remains the same throughout the life of the loan.
  • Adjustable-Rate Mortgage (ARM): The interest rate may change at specified times, usually resulting in lower initial payments.
  • Interest-Only Mortgage: The borrower pays only the interest for a certain period, after which they begin paying off the principal.

Choosing the right type of mortgage depends on individual financial situations and long-term goals.

What are the upfront costs I should be aware of when buying?

Beyond the deposit, there are several other costs to budget for. We believe in full transparency, so there are no "hidden fees." We provide all our clients with a clear breakdown of expected purchase costs, which typically include:

  • Stamp Duty (a state government tax)‍
  • Legal and Conveyancing Fees
  • Building & Pest Inspection Reports
  • Lenders Mortgage Insurance (LMI), if your deposit is less than 20%‍
  • Bank and Government Fees

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What does a mortgage broker do?

A mortgage broker is your professional partner in property finance. We first assess your financial situation and goals. Then, we compare hundreds of loans from our panel of over 60 lenders to find a suitable option. Finally, we manage the entire application process for you—from lodging the paperwork to liaising with the banks and coordinating settlement. We are your guide and advocate every step of the way.

What does pre-approval mean and do I need it?

A pre-approval (also called conditional approval) is a formal confirmation from a lender of how much they are willing to lend you, subject to certain conditions. In the competitive Gold Coast property market, getting pre-approved is an essential first step. It proves to sellers and agents that you are a serious buyer and gives you the confidence to know your exact spending limit.

What is Best Interest Duty (BID)?

Best Interest Duty is a legal obligation that requires mortgage brokers to act in their clients' best interests at all times. This is a critical consumer protection that is not placed on banks. It means we are legally required to prioritise your interests and recommend a loan that is suitable for your circumstances.

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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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