The Biggest Loan Mistake Self-Employed Business Owners Make (And How To Avoid It)
Many self-employed borrowers limit their wealth-building by making this simple mistake.
What Is Cross-Collateralisation?
When multiple properties are secured under a single loan or lender pool. It sounds convenient but:
- Reduces flexibility
- Limits borrowing power
- Gives banks control over your portfolio
Why Is It A Problem?
You may not be able to access equity or sell individual properties without refinancing the entire portfolio.
How To Avoid This Mistake
Use Separate Loans For Each Property
Gives flexibility to access equity or sell individually.
Avoid Cross-Collateralisation Unless Strategically Necessary
Discuss options with your broker before structuring loans.
Work With A Strategic Broker
Mitch structures loans to build future investment opportunities.
Final Thoughts
Structure your loans like a business portfolio, not scattered debts.
👉 Want your loans structured for growth? Book your Free Mortgage Brokering Consultation Session with Mitch today.