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Tag Archive | "self-employed mortgage"

What Are The Rules For Self-Employed Borrowers?

Information Is The Key For Self-Employed Borrowers Independent professionals and freelance workers lack the paperwork that lenders rely on to determine the financial condition of employed applicants. About six percent of the non-agricultural workforce is self-employed. When self-employed people want to purchase homes, they find that they live in a different financial world than the […]

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Applying for a Mortgage When Self-Employed

When applying for a mortgage when self-employed, a major factor is to declare as much income as you can. It is not uncommon for the self-employed to claim as many expenses as they can against their income to reduce their taxes.  However, if you are seeking a mortgage, this practice may work against you. Applying […]

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