Forums / Getting Technical / Finance / Is self-employed mortgage the same in every country?

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  • Profile photo of Ethan WilliamEthan William
    Participant
    @ethanwilliam
    Join Date: 2017
    Post Count: 1

    Hi all,

    I think this is the best platform to ask this question. Is self-employed mortgage the same in every country? What is your comment on this?

    I hope the experts here can answer my question with their strong reasons.

    Your replies will be highly appreciated!

    Thank you.

    Profile photo of Richard TaylorRichard Taylor
    Participant
    @qlds007
    Join Date: 2003
    Post Count: 11,992

    Hi Ethan

    Can you clarify what your question is ?

    Personally i have no idea.

    Cheers

    Yours in Finance

    Richard Taylor | Mortgage Broker helping investors build their wealth thru property
    http://www.mortgagecapitalaustralia.com.au
    Email Me | Phone Me

    0-40 Properties in a decade with a unencumbered portfolio value in excess of $40M. Ask me for a copy of my API Interview.

    Profile photo of TerrywTerryw
    Participant
    @terryw
    Join Date: 2001
    Post Count: 16,110

    Mortgages should not be confused with loans. A mortgage is a security over property. This differs greatly from coutnry to country even those with similar laws such as England and Australia.

    A loan is the borrowing of money and is often secured by a mortgage. Lending requirements also differ a lot from country to country. Australia is generally more lenient than others from what I can see.

    Terryw | Structuring Lawyers / Loan Structuring Pty Ltd
    http://propertytaxbook.com.au/
    Email Me

    Lawyer, Mortgage Broker and Tax Advisor (Aust wide) http://propertytaxbook.com.au/

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