Self-Employed Mortgage Solutions
Did you know that if you are self-employed, the income you claim on your Personal Income Tax Returns will have an impact on your home financing applications until Spring of 2024?
Typically, to qualify for traditional financing, a 2 year net income average is required. So you can see how your 2021 income taxes can have a long term effect on your borrowing power.
Let's work together to plan ahead, if you plan to purchase a home or invest in real estate in the next few years. We can do a "hypothetical" mortgage application, to see how much net income you need to claim in order to qualify for your next home!