After paying several thousands of dollars on the root canals on my upper teeth, my dentist told me that they had to be pulled. He told me that the dentist that did the work didn't do it properly and that all of the teeth were infected. After I collected myself, we started discussing the cost of the extraction procedure and the cost of the dentures. I knew I couldn't pay for all of that out of my pocket and he explained the dangers of allowing dental infections to fester. I quickly learned about financing dental procedures. If you are in a similar situation, go to my site to learn about your options of financing dental work.
Working as a freelance writer can be a great way to earn money from home, but because this job makes you self-employed, you may run into problems qualifying for a mortgage loan. If you have worked really hard over the past few years and have saved up enough money for a down payment on a house, you may feel that you are ready to buy a house. As you prepare to get a loan to do this, here are some tips that may help you get approved.
Make sure you have your tax returns
Part of the process of qualifying for a mortgage loan involves proving your income. Anyone that is self-employed can have a hard time with this, primarily because people that own their own businesses do not always take regular paychecks. Without having pay stubs to prove your income, a mortgage lender will need you to prove it in other ways. A great way to do this is with your tax returns.
Most mortgage lenders will review a person's income for the past 24 months to determine if the person meets the income guidelines for a mortgage. This means you will need to supply your lender with the last two tax returns you have. As long as you have been freelance writing for this amount of time and show enough income on your returns, you should have no problem qualifying for this part of the loan process.
Submit your bank statements
While your tax returns will show the total income you have earned over the past couple years, showing your bank statements can prove that you have a steady income. Your lender may want to see an entire year of bank statements, or more, and they will look at the deposits made into your account. As long as your bank statements show consistent deposits, you should not have any problems with income verification.
Have everything else in order
If you can get through the income verification process smoothly, you will improve your chances of getting the mortgage; however, there are other parts of this process you will have to get through too. Two of the main ones are credit scores and down payments.
Having a large amount of money to use as a down payment will definitely help you get a loan, but you will also need to make sure your credit score is good. Your credit score should be at least 660 before you apply, but having a score higher than this is even better.
Getting a mortgage loan as a freelance writer may take a little more work, but it certainly is not impossible. To learn more, contact a lender that offers loans to find out what you need to do to begin the application process.Share
15 February 2016