Employment situation too hard for your lender?
If you've got a job and can afford a home loan then why won't the banks help you? Surely there is someone who can use common sense rather than just referring to out of date guidelines?
Modern home loan lenders have started to understand that these days not everyone has a 9 - 5 job and not everyone can prove their income as easily. With overtime, probation, contractors and agency workers with multiple part time jobs it isn't hard to see that most people these days don't fit the banks normal rules. Read below to see how you can get approval without having to argue with a bank manager!
On probation
Learn which lenders and loans are available for you when you have just started a new job.
Contract workers
Find out the reasons why lenders don't like contract employees and how to find a lender that will help.
Self employed
Not all lenders read tax returns in the same way. Did you know some can use BAS statements or even just let you tell them what your income is?
Casual employees
Just because you are technically casual it doesn't mean that your income isn't secure! You can get a home loan if your job is secure.
Overtime reliance
Workers such as nurses, policemen & shift workers often get paid as much as a third or even half their income as overtime or other bonuses. Loans are available from lenders that will take your full income into consideration.
Temp / Agency workers
These days agencies employ a significant part of the workforce. Most banks haven't caught up with the times and still decline anyone employed through an agency. Of course not all lenders are the same!
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