If you are like the majority of homebuyers, a mortgage will be an essential line of credit for making this purchase. For those that are self-employed, there are some key facts that they should keep in mind about this process.
It Is Possible For Self-Employed Individuals To Obtain Mortgage Financing
It can be a common assumption for people to think that it will be impossible for them to obtain a mortgage if they are self-employed.
There are many differences between financing commercial real estate and a residential mortgage loan, so when you attempt to get financing for your first commercial property, you need to understand that the knowledge you have for home mortgages will not help you much. A commercial property loan is much different. The following are just a few things you should know.
The lender will look at the deal, not your personal finances