SELF EMPLOYED OR NEW JOB: Tips on Applying for a Mortgage Loan!

If you or someone you know is in the market for a new home, and are concerned

about self-employment or a new job, don’t worry!

There are steps you can take

to present your employment history in a favorable light. We can help you every step of

the way.

Lenders Are Looking For Income Stability

By providing proof of a steady income,

you show your prospective lender you are a safe bet!

When evaluating loan applications, lenders will usually look for a two-year history of employment in a similar job or the same line of work.

Their biggest concerns are gaps in employment, frequent job changes, length of employment and changes in income (increases or decreases).

It’s easy to explain that taking time off to go back to school for a degree will

advance your career potential, or to care for a family member.

If you’re self-employed, you’ll need to show that you can support your business

and support a mortgage.

Be prepared to provide information that can verify your income, including bank

deposits or past tax returns.

The Best Way to Approach a Mortgage Is with Our Help

Let us help you prepare and search for solutions to reach your goals! You’ll be glad you

did.

Call Today!