The Mortgage Files

Nationally syndicated mortgage news and advice from Senior Loan Officer Scott Sheldon.

The complete guide to getting a mortgage when your self-employed

The complete guide to getting a mortgage when your self-employed

By Scott Sheldon / January 9, 2022

It’s no surprise if you’re self-employed and you’re trying to secure mortgage financing you potentially have a difficult time getting your loan approved. Let alone getting your loan to close at all. If you’re self-employed, here are several lending factors you need to be aware of as a pertains to being self-employed and showing income…

Read More
Tax Return Debt and Mortgages

Why not paying your self employed tax debt may cost you a mortgage  

By Scott Sheldon / June 28, 2021

When you’re self-employed and you’re looking to get a mortgage it’s super important that not only you file the right amount of income, but you also pay whatever debt is associated with the income you report, that is if you want to get a mortgage loan…If you’re self-employed and looking to buy a house or…

Read More
loan process

How to get a mortgage when your self employed income is tricky

By Scott Sheldon / May 20, 2020

Not always, but traditionally, self-employed borrowers have a hard time securing mortgage loan financing. If you are filing self-employed and you are trying to get qualified for mortgage financing here are some solid tips to keep in mind… Most mortgage lenders are going to require you to provide 2 years of federal tax returns. They…

Read More