There is no doubt about the fact that it could be more difficult for you to get a mortgage loan if you are a free lance viola player than if you are a government accountant. Traditionally, lenders have been more cautious when evaluating loan applications from buyers who are self-employed than from those who work for a regular salary.

If you are self-employed, there is no reason for you to shy away from applying for a home mortgage loan, especially if your earnings have been in the same field for at least two years. Before you begin your search for a house, it is a good idea to meet with an agent of your choice who will be happy to accompany you as you meet with one or more loan officers. They will probably want to analyze your tax returns for the past 2 or 3 years. Because people who are self-employed can write off many expenses that salaried individuals cannot, it is possible that self-employed individuals may look impoverished on paper. Try to get pre-approval from the lender, and ask for a letter to that effect which the real estate agent can attach to any offer you submit on a home. This will make you look more attractive to the sellers.

	See All Tips In The "Self Employed" Category >
	See Complete Library Of Hundreds Of Tips In 30+ Categories >

Thomas R. Gross
RE/MAX Action Realty
1126 Horsham Rd.
Maple Glen, PA 19002
Office: 215.358.1100 x1155
Direct: 215.358.1155
Cell: 215.450.9323
Fax: 215-358-1154
Email: pennahomes@NUMBER1EXPERT.com

Come home to a new level of real estate comfort with one of America's NUMBER1EXPERTS™ in the Horsham area, Thomas R. Gross. I am in the top 1% of all REALTORS® nationally, servicing all of Bucks and Montgomery County, Pennsylvania. Just call or email me!

www.pennahomes.com is brought to you by Thomas R. Gross, real estate for
Horsham, Hatboro, Ambler and North Wales, Pennsylvania

Read Thomas R. Gross' Privacy Guarantee, Terms of Service, and Free & Without Obligation Pledge