Are you self-employed and thinking about buying a home? Here are some
ways you can prepare to apply for a mortgage as a self-employed home buyer.
If you are self-employed or a business owner, you may be surprised to find that getting a mortgage, without the conventional documents, is not a simple process.
In the past 3 years mortgage rules have been tightened numerous times. As a result mortgage borrowers are not only required to supply more documents than before, but the criteria to qualify for a mortgage has increased. This is especially the case for those who have their own businesses and don’t have the typical documentation required.
Here are some items you need to have or be aware of when you apply for a mortgage...