self employed and home loans: Self Employed? Getting a Mortgage May Be Harder Than You Think
- 06/17/10 07:13 AM
You may be living the dream of running your own business and being your own boss, but if you are looking to get a mortgage on the merits of your self-employment income, then you may have some challenges you weren’t expecting. If you are looking for a new home, here’s the score on what today’s lenders are looking for. 1. Forget about a ‘stated income’ mortgage – you are going to need tax documents, bank records and at least a two year history of business stability for a lender to even consider your application. Even if you are just branching out … (0 comments)
You may be living the dream of running your own business and being your own boss, but if you are looking to get a mortgage on the merits of your self-employment income, then you may have some challenges you weren’t expecting. If you are looking for a new home, here’s the score on what today’s lenders are looking for.;)
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