Although there are many advantages to being self-employed, this is usually not to your advantage when trying to obtain mortgage financing. As many self-employed people can show a lower income, this can cause problems as your income shows the lender that you can repay the debt.
However, there are options available to you. With the ever increasing trend towards self-employment, some institutional lenders will lend up to 75% of the property value, provided you have a good credit history.
However, there are options available to you. With the ever increasing trend towards self-employment, some institutional lenders will lend up to 75% of the property value, provided you have a good credit history.
