Finance This, Property That
Finance This, Property That is your go-to podcast for expert insights and advice on building wealth through property investment.
Hosted by, Dion Fernandes, a seasoned finance professional with over 13 years of experience, each episode delves into the intricacies of property purchasing, offering valuable tips and strategies for those looking to create wealth through real estate.
From basic questions to advanced technicalities, Dion brings on trusted advisors and specialists in their fields to provide listeners with practical knowledge and actionable steps.
Whether you're a first-time buyer, a seasoned investor or simply looking to expand your property portfolio, Finance This, Property That is here to empower and educate you every step of the way.
Finance This, Property That
Episode 20 - Securing Loans as a Self-Employed Professional: Myths, Tips, and Strategies
Episode Synopsis
In this 10-minute episode of Finance This Property That, Dion Fernandes tackles the topic of securing loans for self-employed clients. With over 13 years of experience as a mortgage planner and finance professional, Dion breaks down common myths about how banks view self-employed borrowers and provides actionable tips to improve loan approval chances. Listeners gain valuable insights into lender perspectives, necessary documentation, and the importance of choosing the right lender. Whether you're navigating a complex financial structure or just looking to secure funding as a self-employed professional, this episode is packed with advice tailored to your needs.
Episode Breakdown
0:00 – Introduction
Dion Fernandes introduces the episode’s focus on self-employed borrowers and debunking myths about their challenges in securing loans.
1:30 – Banks’ Perspective on Self-Employed Clients
Explores why some lenders perceive self-employed income as risky and emphasizes the need for consistent income and proper documentation.
3:00 – Key Documentation Requirements
Outlines essential documents like financial statements, BAS, and accountant letters, and highlights how different lenders may have varying requirements.
4:30 – Lender Choice and Customization
Discusses full-doc, low-doc, and alt-doc loan options and how tailoring solutions to individual circumstances improves approval odds.
7:00 – The “Go Slow to Go Fast” Approach
Dion explains his strategy of upfront diligence, ensuring accurate financial assessments to streamline loan applications.
8:30 – Leveraging Expertise and Communication
Stresses the importance of collaborating with accountants and financial experts to explain financial variances and optimize income reporting.
9:30 – Closing Thoughts
Dion encourages listeners to take the first step by reaching out for a consultation and reminds them of the show’s general nature, urging personalized advice.
Duration: 10 minutes
Call to Action:
Subscribe, share, and connect with Dion on Instagram (@DionFinanceSpecialist) or LinkedIn to explore tailored loan strategies for self-employed professionals.