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What is Self Employed Mortgage
Self-employed mortgages, simply put, are mortgages for borrowers who work for themselves. These can entrepreneurs or business owners. The mortgages differ from regular mortgages in the aspect that they require proof of business.
Self-employed mortgages are hard to obtain because of the uncertainty in the income stability of the borrower. If you have a bad credit score, it can definitely worsen the situation further. A mortgage broker like Safdar Raja can definitely help you to find the right lender and even get a mortgage with bad credit!
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The process for self-employed mortgages does not differ much from the regular mortgage plan. All you need to do is add a few documents here and there. The process for a self-employed mortgage involves the following: