Securing a Mortgage as a Self-Employed Home Buyer

,
176

Are you a gig economy participant, a digital nomad, or a freelancer? Thought we would share this useful article with you. It’s called How to Get a Mortgage When You’re Self-Employed by Nicola Field.

It shares a lot of great advice that can help self-employed individuals secure their first home. Here’s one that we thought was worth sharing:

Trying to convince a lender that you really earn more isn’t the answer. Not only is it the equivalent of admitting you fudged your tax return, it can also flag you for a tax audit.

Having a lifestyle that’s out of sync with your taxable income is one of the issues that catches the tax office’s eye.

Give the rest of the article a read if you want to learn more about how to secure a mortgage as a self-employed individual…

Read the source article at Money Magazine