How to Buy a Home as a Self Employed Individual
Posted by Jen Dollar on
Being self employed can pose some level of risk to a lender. If you are planning to buy a home as a self employed borrower, you'll need to do some extra work to alleviate those concerns of the lender. The good news is that you can still get a loan. You'll just have to prove to the lender, like everyone else has to, that you can afford to make your mortgage payments. When you do this, you'll be able to find a loan that's right for your needs.
Prove Your Income
As a self employed individual, proving your income is the most important part of this process. You may not have accurate records or any records at all. Your income may change drastically from one time to the next. Or, you may not be sure you want to state just how much you earn. In short,…
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The reasoning behind a homeowners association is to provide some level of control over the surrounding area. That is, you don't have to worry about purchasing a home and then having a neighbor next to you that doesn't take care of his or her property. These associations can take legal steps to force people into…
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Self-Employed
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