If you're self-employed, meeting the strict lending criteria of many banks can be tough. What's more, each bank has its own lending policies making it even harder to know exactly where you stand. When all your time is focused on running your business (as it should be), it can be difficult to do the leg work to find out things like: Do you need bank statements or pay slips to apply for a self-employed home loan? Should you be registered for GST? How does your fluctuating income e...

    Your finances can get a bit out of control sometimes, for all sorts of reasons. Illness, divorce, redundancy – sometimes, just getting overwhelmed with things to do and accidentally missing a bill payment. The result can be that you get put in the bad credit basket. Even if you sort it out and pay the overdue bills or fix up a default on a loan repayment, you can still have a black mark against your name afterwards. So, while you may see yourself in the clear after clear...

If you're self-employed, like most small business owners, you know how to make money but perhaps you're not so great at managing it. Usually this is because you're so busy running (and building) your business to keep on top of the latest money advice for self-employed borrowers. So, to help you better understand how to manage your money here are a few quick and easy tips to help you get started. 1.            Paying less tax...

  If you're self-employed or you own your own business, you will know all about the challenges of administration - keeping your accounts, finances and income flow all on track. It's not easy. The last thing you need is a ‘no’ on your home loan application because of the paperwork. But here's some good news. There are alternatives. Here are four steps that anyone who’s self-employed can take to help get a home loan sorted. 1. Sort out the paperwork you do...

When it comes to securing a finance, “no” might not be the final answer when you speak to FinancePath lending consultant. So, why do people get turned down for loans? 1.      Bank’s home loan lending rules can change Having your loan turned down by your bank can be a reflection of their current credit policy, which can change based on shifts in market conditions. This means when you may have had no issues getting a home loan from your bank in bett...