Self-Employed Income & Lending

In this episode of Brick by Brick, Building Wealth Through Homeownership, hosts Kimberly Von Dohren RS#322207, a seasoned Realtor, and Edson Marko NMLS#1233441 experienced Lender, delve into the complexities of calculating self-employed income for home loans. Whether you're an entrepreneur, freelancer, or a commissioned employee, learn how your income can affect your borrowing potential and the steps you should take to prepare for homeownership. Kim and Ed discuss the importance of filing tax returns, the impact of business expenses on your reported income, and strategies for maintaining a stable income that appeals to lenders. They also highlight the significance of finding experienced lenders and accountants who understand self-employed finances. Discover how to navigate the mortgage world confidently as Kim and Ed provide practical advice and tips for those seeking to secure a loan while being self-employed. Listen for essential insights that could make your journey to owning a home smoother and more attainable.