When I bought a house in 2007, I faced a few extra hurdles because I was using my self-employed income to qualify for a mortgage. “When you’re self-employed, you do your best to reduce your taxable income,” said Casey Fleming, a 30-year veteran of the California mortgage industry and author of The Loan Guide. Prove your self-employed income is stable. You don’t have to go through an income audit to get a self-employed mortgage, according to Fleming. “If you prepare ahead of time, there’s no reason why you can’t get a mortgage when you’re self-employed.”

Source: Huffington Post September 21, 2018 20:20 UTC