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Real Estate Tips
Financing Your Home >If You Are Self Employed

There's no question that it could be more difficult for you to get a mortgage loan if you are a free lance viola player than if you are a government accountant. Traditionally, lenders have been more cautious when evaluating loan applications of buyers who are self-employed than people who work for a regular salary.

However, if you are self-employed, there is no reason for you to shy away from applying for a home mortgage loan, especially if your earnings have been in the same field for at least two years. It is a good idea to meet with one or more loan officers before you begin your search. They will probably want to analyze your tax returns for the past 2 or 3 years, keeping in mind that many self employed people can look impoverished on paper, since you can write off some expenses that salaried individuals can not. Try to get pre-approval from the lender, and ask for a letter stating that you have pre-qualified for a loan which your real estate agent can attach to any offer you submit on a home. This will make you more attractive to the sellers.

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Real Estate Trivia
Q 
Where is the world's largest bridge located?

A 
Lake Pontchartrain Causeway at New Orleans, Louisiana is the world's largest bridge. It is almost 24 miles long.
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Bill Cullin, REALTORŪ, real estate agent and broker for Lewes, Rehoboth Beach, Bethany Beach and Dewey Beach, Delaware home listings, property and land for sale

Bill Cullin
Long & Foster Real Estate Inc

37156 Rehoboth Avenue Ext
Rehoboth Beach, DE 19971
Mobile: (302) 841-7147
Fax: (302) 227-8165
Office: (302) 227-2541
Toll Free: (800) 462-3224 Ext. 117
Email: bill.cullin@longandfoster.com

Call or Email Anytime. I will respond.

MLS Equal Housing REALTOR


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