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Mortgages can be difficult to understand, and even more so when you're self-employed or a business owner. If you're self-employed and/or own a business you're going to have different guidelines you need to meet, compared to someone who's employed by a company. Thais Purdy (owner of Purdy Law) and I talk about the challenges and successes of being your own boss, and I break out 4 main pieces to getting a mortgage when you're self employed. 1) Length of self-employment 2) How is your income calculated? 3) What documents do you need? 4) Loan options if a traditional mortgage isn't right for you
By Leah BunningMortgages can be difficult to understand, and even more so when you're self-employed or a business owner. If you're self-employed and/or own a business you're going to have different guidelines you need to meet, compared to someone who's employed by a company. Thais Purdy (owner of Purdy Law) and I talk about the challenges and successes of being your own boss, and I break out 4 main pieces to getting a mortgage when you're self employed. 1) Length of self-employment 2) How is your income calculated? 3) What documents do you need? 4) Loan options if a traditional mortgage isn't right for you