Many self-employed individuals get pretty aggressive with their tax returns, typically writing off business expenses and working with a CPA to trying to reduce their overall tax liability. It’s important to remember there is an impact to doing so in that it results in lower reported income.

I always like to say ‘you are what you eat’ – so whatever you’re reporting to Uncle Sam is ultimately the income we as mortgage lenders are going to utilize. Reducing your income reported on tax returns can potentially take away from your purchasing power when it comes time to do buy or refinance a home.

We at NGG Mortgage are experts in providing financing for self-employed borrowers. We’ve spent years researching and locating programs that allow flexible financing for self employed and other more complicated borrowers.

Some examples include bank statement programs, asset depletion financing and using business assets towards down payment.

Ultimately if you are a self-employed borrower it’s very important you go over your circumstances with a lender as early as possible prior to beginning a home search or preparing to do any loan for purchase or refinance.

We at NGG Mortgage are proud to be trusted experts helping self-employed borrowers. We encourage you to contact us directly so we can buy the best position you for success. Let’s prosper and grow together!