Dreaming of homeownership but worried about securing a loan due to self-employment? Here’s how to prepare for a mortgage loan:

✏️Documentation: Gather tax returns, profit/loss statements, and bank statements to verify income.

✏️Creditworthiness: Maintain a good credit score and history to demonstrate financial responsibility.

✏️Income Verification: Be ready to provide evidence of stable income and future earning potential.

✏️Down Payment: Plan for a potentially larger down payment and explore low down payment options.

✏️Specialized Lenders: Consider working with lenders experienced in assisting self-employed individuals for a smoother process.

With preparation and the right guidance, homeownership can be within reach! 📝