You might not realise that lenders often use different credit criteria for different professions. That’s because the creditworthiness of borrowers and the complexity of their financial position can vary from industry to industry.
When you’re a professional services worker or business owner, lenders may assess you differently from other borrowers. That may affect the interest rates you get charged and the terms you get offered – potentially for the better.
For example, depending on the lender, you may be given lower interest rates if you’re an engineer, or allowed a higher loan-to-value ratio without being forced to pay lender’s mortgage insurance if you’re an accountant. And there are plenty of other exceptions.
But there are two important caveats. First, conditions can vary significantly from lender to lender, so you need to choose the right lender for your specific scenario. Second, the deal needs to be presented to the lender in the right way, so they clearly see why you’d make a good borrower.
As a result, it’s important you work with a finance broker that has a lot of experience helping professional services clients, like 3LANE Finance. We can help you secure residential, commercial, asset, investment and development finance, on favourable terms.
We can help you if you’re an:
● Accountant
● Architect
● Engineer
● Financial planner / financial adviser
● Lawyer / barrister
● Real estate agent / property manager
Small business owners are incredible people: they power the economy, deliver valuable services and employ millions of Australians.
Unfortunately, though, some lenders are reluctant to do business with self-employed borrowers, because they (unfairly) regard them as too challenging or too risky. Conversely, there are other lenders that (rightfully) love supporting small business owners.
So how do you make sure you choose the right lender?
Simple – speak to 3LANE Finance. We specialise in helping self-employed borrowers with home loans, business loans, commercial loans, SMSF loans, car finance and equipment finance.
Thanks to our many years of industry experience, we’ve mastered all the different lenders’ credit policies and have built strong relationships with their credit teams. So we’ll be able to place you with a lender that looks favourably on borrowers with your kind of profile.
There’s a real art to assessing a small business owner’s finances and presenting their application in a positive light to lenders.
Many mortgage brokers struggle with this, because it can be more complicated than a standard home loan application. But 3LANE Finance specialise in working with self-employed clients, so this is something we excel at.
At 3LANE Finance , we specialise in helping childcare operators secure the funding they need to succeed in an increasingly competitive industry.
With extensive experience in the childcare sector, we understand the unique challenges faced by operators, including fluctuating enrolment numbers, the need for flexible loan terms and the importance of cash flow management.
We help childcare centre owners and managers, both personally (with home loans and car loans) and professionally (with business loans, commercial loans and asset finance).
So, whether you want to buy a home, purchase a vehicle, build a childcare centre, renovate an existing premises or acquire a childcare business, we can finance the deal.
Because we understand the financial and business conditions specific to the childcare industry, we're able to understand your scenario and present your application in a positive light to the lender.
For example, we know that childcare operators often require flexible repayment terms to accommodate seasonal income variations, or financing options that allow for expansion in response to demand. Our expert team works with lenders who are familiar with the sector and can offer competitive terms and conditions.
3LANE Finance will ensure you get the right finance solution to support your personal and professional needs. We’ll simplify the process so you can focus on running a successful, profitable business.
Lenders love working with medical professionals, because they know you tend to have strong, secure incomes, which makes you much more creditworthy.
That’s why lenders tend to offer more favourable terms to medical professionals, whether you want to buy a home, invest in property, purchase a vehicle or refinance a loan. That can include more favourable lending criteria, lower interest rates and waivers on lender's mortgage insurance.
If you’re a business owner in the medical sector, you’re also likely to benefit from better borrowing conditions. But you may not get these better terms if you apply for a loan through a regular mortgage broker, who doesn’t understand you.
Instead, you should work with a finance broker that specialises in medical lending, such as 3LANE Finance. That’s because we have the expertise to assess your finances (which are often different to those of other workers) and to place you with a lender that wants to do business with a medical professional with your scenario.
Discover how our exceptional team can elevate your financial journey. Contact 3LANE today, and let's embark on a transformative partnership that paves the way for unparalleled financial success.
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