For those who have a full-time work, then it’s currently confirmed that you have got a greater possibility of getting a mortgage. Nevertheless, you might need to exercise extreme caution and put out more effort to make sure lenders endorse your application if you fall under the following employment types.
1. Agreement workers
There are numerous kinds of contract work and each is addressed differently by banking institutions.
- Subcontractors: they often work with mining and construction companies. They typically do commissioned jobs and certainly will be used on a pay-as-you-go (PAYG) foundation or as self-employed.
- PAYG contractors: These employees are used for a hard and fast term through a company. Continue reading Just how do various work kinds affect your home-loan application?