Yo! Wanna own a home, fam? Freelancer life got you worried? Don't sweat it!

Buying a house can feel like climbing Mount Kinabalu without oxygen when you're a freelancer, consultant, or your own #bossbabe.

But fear not, fellow hustler! Here's the lowdown on getting that "approved" stamp on your home loan application, even with income that's more "rollercoaster" than "steady paycheck."

First things first, gather these docs like they're your lucky charms:

• The usual suspects: Pay slips (if you have them!), EPF statement, bank statements, MyKad copy. But hold up, freelancers... these might be tricky.

Don't worry, we got your back! Here's your "freelancer starter pack":

• Business Registration: Even if you're a solopreneur, register your biz. It shows banks you're legit and stable (think: roti canai cravings = steady income, right?). The longer you're registered, the better it looks!

• Detailed Business Profile: Think website, Facebook page, or LinkedIn profile - anything that screams "professional." This helps the bank understand your business and how you make that moolah.

• Financial Statements: Gather tax forms, profit & loss statements, financial statements, and bank statements for the past 2-3 years. Think of it as your financial report card - the more organized and longer it is, the more impressed the bank gets!

• Income Tax Statement: File your taxes every year, even if you earn less than the minimum (RM34,000). This is your official income proof for the bank, just like showing your mom your good grades.

• Bank Statement: Show off your income and business performance over time. Bonus points for having personal savings - it proves you're responsible with your money, just like you budget for that epic Netflix subscription.

• Credit Score Report: Banks check your CCRIS and CTOS scores to see if you're a responsible borrower. Check your report, settle any debts, and keep your score squeaky clean. Remember, a good score = better loan terms (just like good grades = more freedom, right?).

Bonus tips to level up your application:

• Declare your income honestly: The Inland Revenue Board (IRB) wants to know your real income for taxes and stuff. Don't lowball them, it'll bite you later!

• Contribute to EPF: Even as a freelancer, EPF contributions are your friend. They're like a strong income statement to show the bank you're serious.

• Reduce debt: Got other loans or credit card bills? Try settling them before applying. Less debt means more money to pay your home loan, like having more space in your backpack for that baju raya shopping spree! ️

• Pay a high deposit: If you can, aim for at least 20% of the house price. This not only reduces the loan amount but also gets you a lower interest rate (think: more money for that pool you always dreamed of!).

• Get pre-qualified: Talk to different banks to see how much you can borrow based on your income docs. Or use Loanstreet's Housing Loan Eligibility Report to check your eligibility at 17 banks in Malaysia. This pre-approval makes you look super confident when you negotiate for your dream house!

Remember, buying a house as a freelancer takes some effort, but it's definitely achievable.

Just gather your docs, tidy up your finances, and choose the bank that fits you best.

With these tips and a little hustle, that dream home is closer than you think!

P.S. Share this article with your fellow hustlers who dream of owning a piece of the pie (or nasi lemak, we don't judge).

Freelancer woes got you worried about buying a house?

Fear not! This guide gives you the lowdown on getting that home loan approved, even with a "freelancer's income." Learn about essential documents, bonus tips, and how to pre-qualify for a loan in Malaysia. 🇲🇾 Own your dream home today! #freelancerlife #homeownership #malaysia