Client Story 3
Self-Employed Builder with Irregular Income
Clients: Lisa & Mark T. – (ASB Bank)
The
Challenge:
Mark is a self-employed builder whose income varies significantly from year to year due to seasonal work and fluctuating contracts. Despite having a profitable business, banks were hesitant to approve a mortgage due to the irregular nature of his earnings.
The
Solution:
We worked with ASB to present Mark’s financials in a way that highlighted his average earnings over the past three years, rather than just focusing on the most recent tax return. We also structured the mortgage with a slightly larger deposit and a split-loan option to give them repayment flexibility.
The
Outcome:
ASB approved their mortgage, allowing Lisa and Mark to buy their home. With the right financial planning, they can now manage their repayments comfortably, even during slower months in Mark’s business.
Let's Talk
I’m here to offer expert advice, simplifying the mortgage process all with the aim in getting you the best rate possible. Have a few tricky questions? I’m here to answer those too!
When working with me, I will:
- Search the mortgage market to find you the best deal while saving you time on paperwork
- Guide you through securing a mortgage, the home-buying process, and KiwiSaver withdrawals (if eligible).
- I’m familiar with the specific criteria of different lenders and can match you with the right one for your situation.
- I’m available to answer all your home financing questions.
- Having the right home loan solution can save you, plus I will keep in touch and regularly review your mortgage to ensure it's working for you.
WORKING WITH A RANGE OF VENDORS TO SECURE YOU THE BEST RATE
