If You Are Self Employed

There's no doubt about it, it could be more difficult for you to get a mortgage loan if you are a free lance viola player than if you are a government accountant. Traditionally lenders have been more cautious when evaluating loan applications of buyers who are self-employed than people who work for a regular salary.

If you are self-employed, there is no reason for you to shy away from applying for a home mortgage loan, however, especially if your earnings have been in the same field for at least two years. It is a good idea to meet with one or more loan officers before you begin your search. They will probably want to analyze your tax returns for the past 2 or 3 years, keeping in mind that many self employed people can look impoverished on paper, since you can write off some expenses that salaried individuals can not. Try to get pre-approval by the lender, and ask for a letter stating that you have pre-qualified for a loan which the Realtor can attach to any offer you submit on a home. This will make you more attractive to the sellers.

No one knows the North Georgia real estate market like we do! Contact us through our web site, call us at 706-310-0070, or email us anytime if we can help you.

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Seger Realty, Inc.
1071 Jamestown Blvd.
Suite D-4
Watkinsville, GA 30677
info@segerrealty.com
706-310-0070  office
706-310-0303  fax

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