How To Increase Your Odds Of Securing A Mortgage When Self-Employed

Getting a mortgage as a self-employed individual is challenging due to income variability and stricter lender rules. To improve approval chances, increase your down payment to lower loan-to-value ratio, maintain a strong financial cushion, reduce existing debt to improve debt-to-income ratio, boost your credit score, and establish at least two years of positive business cash flow. Proper preparation can make you a more attractive borrower.