Search found 3 matches

by Andrew W
Mon Jun 17, 2019 9:06 pm
Forum: Home Loan Forum
Topic: I went from PAYG to Self-employed and need a cashout to expand the business
Replies: 5
Views: 2219

Re: I went from PAYG to Self-employed and need a cashout to expand the business

I can only provide my last two-quarters' BAS statements and I can have my accountant draft me a letter. Is there an acceptable default format that I can forward to my accountant?
by Andrew W
Mon Jun 17, 2019 7:41 pm
Forum: Home Loan Forum
Topic: I went from PAYG to Self-employed and need a cashout to expand the business
Replies: 5
Views: 2219

Re: I went from PAYG to Self-employed and need a cashout to expand the business

Yeah, sounds about right. So, what sort of proof do the lenders accept as evidence for a low doc cashout?
by Andrew W
Mon Jun 17, 2019 6:43 pm
Forum: Home Loan Forum
Topic: I went from PAYG to Self-employed and need a cashout to expand the business
Replies: 5
Views: 2219

I went from PAYG to Self-employed and need a cashout to expand the business

I’ve been a hobbyist bee farmer for a while, and have only since last year registered my ABN, complied with food safety laws and have gone fully commercial. My business turnover over has been $70,400 so far. I wish to refinance my home loan to cash out some equity in the property to purchase more be...

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