Category Archives: self-employed

deductions on taxes

Too Many Tax Deductions Could be Bad for Mortgage Qualifying

Getting approved for a home loan from a lender requires: reliable income, adequate assets for reserves, and  a minimum credit score. These help prove to the lender that you can…

The Big Differences in Providing Tax Returns and Not

Ever since the housing crisis in 2009, getting approved for a loan while being self-employed was instantly more difficult than for a W2 Salaried borrower. Fortunately, lending and credit standards…

mortgage no 1040s

How To Successfully Get A Mortgage Without Tax Returns

Self-employment is both challenging and rewarding as you have a higher ceiling to boost your earnings.  You are more in control of your success. Instead of growing somebody else’s company,…