self employed buyers: Self - Employed Buyers
- 03/05/10 12:42 AM
We are all happy to have buyers when we get them. All buyers are equal but some are more equal than others. I have a buyer who is self-employed. He owns a successful business and does quite well income wise. However, he writes off his income to the point that he is making below the poverty level. This is fine for his taxes, not so good for qualifying for a mortgage. My husband is a mortgage lender and took a look at the tax returns. This individual is not going to qualify for a car much less a home based on his … (8 comments)
We are all happy to have buyers when we get them. All buyers are equal but some are more equal than others. I have a buyer who is self-employed. He owns a successful business and does quite well income wise. However, he writes off his income to the point that he is making below the poverty level. This is fine for his taxes, not so good for qualifying for a mortgage.
;)
;)
