Self Employed? You Can Still Get a Mortgage With These Tips! Van the Mortage Man!

Hey self-employed friends! Van the Mortgage Man is back to let you know - If you're looking to secure a mortgage, be aware that it's absolutely possible but it's not just about flaunting those gross receipts on your tax return. 🏠💼
Lenders are more interested in your net income after all those business expenses are deducted. This could lead to a discrepancy between your perceived income and what the lenders see, potentially making securing a loan a little tricky. 📉💰
So what's the solution? 🤔💡 Get sound advice from a trusted lender. They might suggest an alternative route like using your bank statements or profit and loss statements, which could result in a higher interest rate. However, with the correct planning, you can refinance and snag a lower interest rate down the line when your net income grows to a higher level! ✅🔄
Remember, it's all about strategic planning! Speak with your lender in advance, make the right moves early on and you'll be set for success in your home buying journey. 🏡🌟
So if you're self employed don't think you are confined to renting! We at ONE Street are here to help.
Get in touch with us at vist.ly/reed or link in bio.
Be sure to follow Van the Mortgage Man for all things mortgage and loans!
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