- Shop around: There are a number of lenders who offer flexible financing options for self-employed individuals. It is important to shop around and compare rates and terms before making a decision.
- Get pre-approved: Getting pre-approved for a mortgage will give you a better idea of how much you can afford to borrow. It will also make the home buying process more competitive.
- Be prepared to provide additional documentation: Lenders may require additional documentation from self-employed individuals, such as bank statements, profit and loss statements, and invoices. Be prepared to provide this documentation so that the lender can verify your income.
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What are some of the different types of mortgages available to self-employed individuals?
There are a number of different types of mortgages available to self-employed individuals, including:
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