How can you get a mortgage when self employed, have accounts but dont earn enough to get what you need?
Answer:
I'm self employed too, my mortgage is an Abbey self certified Tracker.
I did not have to show any accounts but I did have to put down a 15 percent deposit
You need to talk to a lender and see. They will more then likely want to see you tax returns. If it just that you don't make enough then you need someone else on the loan with you. Let me know if you have more questions : )
Talk to a broker you may be able to go self certified. You will be able to get a mortgage dont worry but sugest this and see what they say good luck
Any chance you could assume a mortgage.
I think might need to speak to an accountant my boyfriend has his own business and when we went for our mortgage he had to do a self certification which will push the interest up a bit as you are higher risk, also the accountant will make your books look there best so you are more likely to get the money.
Apply for a "No Doc" (No documentation) loan. The lender
will check your credit and if you have a good credit score you
should be approved. The interest rate they charge you should
only be 1/4% to 1/2% above the current interest rate.
You can try this Site for more information -
http://www.realmoneyideas.com Go to the "Real Estate" page.
Email me at mabreu@significacorp.com, I know someone who can help you.
Yes, you can get a mortgage, it will be stated, that means that if your credit score is in good standing that they will take you word for it. You may have to put money down but it is a try. I'm a loan officer let me know if you have anymore ?
Step #1 have you been qualified by a loan company? If not, you can't guess at these things anymore. There are hundreds of programs and one might help you buy a home. So call 3 different loan company's (interview each one) and decide based on your needs and their programs one that will work with you. Step #2 interview 3 Realtors in the area you want to live in, select on that has either a GRI or CRS designation and one you feel comfortable with and can trust. The rest will be a piece of cake! Good luck!
for people like you there are no income verification programs.
what lenders is looking for is basically your credit score and if you work min 2 years in your business. depends of your credit score- the higher the better your interest rate will be slightly higher or a lot higher. the real question is can you live with this mortgage payment? it is not really hard to get the mortgage for self employed people without showing your tax returns.
You can try for a no document loan
Apply online at www.surefirefinance.co.uk
Well depending on what your fico score is you have several options. You may be elligable to go stated which the bank will basically take your word on how much you make is enough to afford the loan. Or you may be able to go no doc. Both of these scenarios have higher rates than going full doc but are still competitive depending on you particular situation. Feel free to log onto http://justgetaloan.net/ my company website for the best rates,service and loan options. Also if you have any additional questions feel free to contact me Jenold Freeman at 866 530 7300 ext 7305 or by email at jfreeman@justgetaloan.net
It is very unfair employed people work on gross and self employed nett profit. Most self employed go to a lender who offers self cerfitication. This means the lender will take into account dividends, second income, commission etc. They do 3.5x money coming in. They credit score you other than that no income checks are done. Some good rates available at moment need to talk to an independent mortgage adviser try www.thepremiergroup.co.uk. Good company
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