Wage, salary & other income earners

Not all banks and mortgage lenders are alike. Each lender will have different criteria for the paperwork required and some will accept different forms of income than others.

By assessing your finances and circumstances before you apply for a loan, we can recommend the right lender for your needs.

Packaged income support

We provide support for people who receive a packaged income. This is common in the not-for-profit and medical industries, but not all banks view this income in the same way. We can help with the assessment of your income and present this to lenders on your behalf.

Borrowing more than 80% of the property value

If you are borrowing more than 80% of the property value/purchase price, you will need to meet the Lender’s Mortgage Insurer (LMI) credit policies, as well as the criteria of the lender. These can be more restrictive than bank policies and some non-bank lenders also offer an alternative product with up to 95% loan-to-value ratio.

Earning income from a business

If you earn a wage from a business you own or are a shareholder of, you will still be assessed as being a self-employed small business owner. There are other options in this situation.

Ready to get started? Get in touch with Philip Pay on 0439 400 497 or email to find out how Finance Consulting Group can support your loan application.