[Novice Teaching]4 Tips for Self-Employed People to Apply for Mortgage! | Hong Kong 香港



Compared with salaried people, self-employed people such as tutorial clubs and online shop owners have always had more difficulty applying for mortgages. Even if professionals such as lawyers and doctors set up their own companies, it is not easy to apply for a high-volume mortgage. What are the tricks if you want to pass the test successfully? Dismantling with you in this episode! Regular monthly accounting. Since the income of self-employed persons is not fixed, and they may not have MPF contributions and tax filing records, applicants have more preparation work to deal with beforehand. The most important thing is those who pay in cash or cheque. It is necessary to develop the habit of regular accounting every month and keep records for at least six months or more as proof of income. It is also best to file tax returns for yourself and keep at least two years of tax return records to increase the success rate of mortgage review. Prepare financial reports early. Banks generally require non-professional self-employed persons to provide the company’s financial statements for the last two years, including truthful declarations of turnover, various expenditures, employee salaries, etc. and profits. As long as the account is accurately recorded on weekdays and the related accounts are processed in the same account, the approval process will be much smoother. Every self-employed person planning to buy a property, remember to prepare your financial report as soon as possible! Professional self-employed persons Bank staff may require professional self-employed persons to provide professional qualifications and occupational certification, which will help banks assess the income repayment ability of mortgage applicants. If dentists set up their own clinics, they can provide their practising certificate. In addition, taxi licenses, market hawker licenses, piano teachers’ piano certificates, etc. can all be turned in for reference. In addition to the early preparation of the above documents, an individual’s credit rating is also very important. If income is not fixed, coupled with a poor credit rating, it can be even more difficult for banks to approve mortgage applications. It is recommended that you manage your credit rating carefully, pay back the number of cards on time, avoid applying for too many credit cards, and you will be more comfortable when applying for a mortgage. 📌 If you have any questions about the property market or mortgage, please leave a message below, or contact our online customer service for inquiries: ▄▄▄▄▄▄▄⭐️ Featured videos⭐️ ▄▄▄▄▄▄▄▄ 📺[Newbie Teaching]Purchase expenses other than the first phase! 📺【Novice Teaching】Master the basic building inspection skills in 3 minutes📺【Novice Teaching】7 Reasons to Borrow a Mortgage 📺【Novice Teaching】Housing Mortgage Crash Course! Go to the official website of ” HongKongFloorPlans”: Subscribe to ” HongKongFloorPlans” YouTube channel: Like ” HongKongFloorPlans” Facebook page: Follow ” HongKongFloorPlans” Instagram account: follow public account :Meilian_hk ( HongKongFloorPlans Hong Kong)

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