Mortgage Options for the Self-Employed: How to Qualify with Variable Income
Being self-employed comes with many benefits, such as flexibility and independence. However, when it comes to securing a mortgage, self-employed individuals often face unique challenges, especially if their income varies from month to month. Traditional mortgage lenders tend to prefer borrowers with steady, predictable income, which can make the process more difficult for entrepreneurs, freelancers, and gig workers. Despite these challenges, it’s entirely possible for self-employed individuals to qualify for a mortgage, provided they prepare thoroughly and understand their options.