#022 - When applying for a mortgage, or going through a refi, it's typically easier for those who are employees that receive a W-2.  But for those who are self-employed, it can be a process that requires more than your average home loan.

Kirk, Ken, and Tab go over what to expect as a self-employed borrower.  Specifically, how long you've been in business, and how you can go about proving how successful your business is.  There are also limitations on what funds you can use to qualify, and what funds you won't be able to use.

The Covid-19 pandemic has made things even more challenging, mainly because many self-employed businesses have been significantly impacted.  You credit score will need to be higher, and you can certainly expect a higher level of scrutiny.

Of course, the First Commerce Financial team knows the in's and out's of this process, and can help you with those questions.  They also making it easy to see if it's time to refinance your current mortgage, or if they can put you into their system so that you can be notified when it's the perfect time, given your particular scenario. You can contact any member of the team.

Contact Kirk at 248-207-2404
Contact Ken at 248-459-5511
Contact Tab at 734-735-3889

You can also learn more about Kirk, Tab and the First Commerce Financial Team at www.FirstCommerceFinancial.com

You can connect with them on Facebook at www.facebook.com/firstcommercefinancialfl

Follow them on Instagram at www.Instagram.com/FirstCommerceFinancial