Can I get a Mortgage if I’m Self Employed?

Most people in business write off expenses before declaring income. That’s the advantage of being in business for yourself right! You pay income tax on a lesser amount but when you need to prove income for a mortgage approval, your tax returns make it look like your income is low and you can’t afford the mortgage you require or deserve.
Qualifying for a Low Documentation Mortgage (Low Doc or No Doc or Alt Doc) is easier than you think. You can purchase a new property with as little as a 5% down payment or re-finance your existing home up to 90% of its appraised value. The lender bases their mortgage approval on your good credit history instead of your net income.

Read more ...

More Headline News