SELF-EMPLOYED? No problem!
By myfirstcho6600809, Oct 28 2019 09:44PM
While self-employed certainly has its challenges, obtaining a home mortgage shouldn’t be one of them.
Self-employment has been growing in popularity over the years and the trend shows no sign of slowing down.
If you joined the millions of workers who value career flexibility over climbing the corporate ladder, Congratulations!
When you’re considering that home purchase, it’s important to keep in mind what lenders are looking for:
• A steady, stable and increasing income gives the lender confidence that your business is suitable for the long haul.
• Good credit and a good payment history show the lender that you’re a good risk.
• Cash reserves sufficient to carry you through inevitable periods of income fluctuations indicate to the lender that you understand the importance of being pro-active with your financial success.
• A significant down payment can offer more assurance to lenders if income qualifications are tight.
We can help you navigate the road to homeownership!
Give us a call today!