Why do lenders require two years of tax returns? Lenders require two years of tax returns to verify a borrower’s income and assess their ability to repay the mortgage. This

What is a pre-approval for a home loan? A pre-approval is a preliminary assessment by a lender of your ability to qualify for a home loan. It typically involves a

What is the loan-to-value (LTV) ratio? The loan-to-value (LTV) ratio is the amount of the loan compared to the value of the property. For example, if you’re purchasing a home

When determining borrowing capacity for self-employed individuals, lenders will typically look at the following factors: How much can a self-employed individual borrow for a home loan? The amount that a

Who are the lenders who specialize in self-employed home loans? What do lenders who specialize in self-employed home loans offer?

Tax implications for self-employed individuals applying for a home loan It’s important to note that tax laws and regulations can change over time, so it’s always a good idea to

Why credit scores matter Credit scores are a crucial factor that lenders consider when deciding whether or not to approve a home loan. A credit score is a three-digit number

Why it can be harder Self-employed individuals can face more hurdles when it comes to getting approved for a home loan because they typically have more complex financial situations than

Unlike traditional home loans, self-employed home loans require additional documentation to prove your income and financial stability. Tax returns One of the most important documents you’ll need to provide when