MYNT Financial

Navigating the property market can be challenging for anyone, but if you're self employed, the journey toward homeownership may feel particularly daunting. Traditional lending criteria often don't align with the financial profiles of entrepreneurs, freelancers, and business owners. However, obtaining a self employed home loan is entirely possible with the right strategy, documentation, and professional assistance. In Melbourne, mortgage brokers play a pivotal role in helping self employed individuals access mortgage options tailored to their unique circumstances. The Self Employed Landscape in Australia Why Getting a Mortgage Is Different for the Self Employed Unlike salaried employees who receive consistent paychecks and have readily available payslips, self employed individuals typically experience income fluctuations and non-traditional income streams. As a result, banks and lenders may consider self employed borrowers to be higher risk, even if they earn more than an avera...

As the real estate market continues to evolve, 2025 is shaping up to be a pivotal year for both first-time buyers and seasoned homeowners looking to secure a mortgage. One of the most crucial steps in the homebuying journey is taking the time to compare mortgage rates . With economic fluctuations, new lending regulations, and emerging technologies in financial services, understanding how to evaluate mortgage rates is more important than ever. Why Comparing Mortgage Rates Matters Mortgage rates directly affect the long-term cost of your home loan. Even a seemingly small difference—say, 6.2% versus 6.5%—can equate to thousands of dollars in interest over the life of your mortgage. In 2025, with average rates ranging from 5.8% to 6.7% depending on credit score, loan type, and down payment, shopping around is no longer optional—it’s essential. When you compare mortgage rates, you're not just looking at numbers. You're also evaluating the terms and conditions behind those rates. Som...