Two Offers in Less Than Two Weeks
From start to finish, she gave us the guidance and help we needed to ensure we could meet our goals on time.
William A. Stanton
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Melinda Estridge is one of The Top Selling Real Estate Experts™
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Real Estate Tips
Financing Your Home >If You Are Self Employed
There's no question that it could be more difficult for you to get a mortgage loan if you are a free lance viola player than if you are a government accountant. Traditionally, lenders have been more cautious when evaluating loan applications of buyers who are self-employed than people who work for a regular salary.
However, if you are self-employed, there is no reason for you to shy away from applying for a home mortgage loan, especially if your earnings have been in the same field for at least two years. It is a good idea to meet with one or more loan officers before you begin your search. They will probably want to analyze your tax returns for the past 2 or 3 years, keeping in mind that many self employed people can look impoverished on paper, since you can write off some expenses that salaried individuals can not. Try to get pre-approval from the lender, and ask for a letter stating that you have pre-qualified for a loan which your real estate agent can attach to any offer you submit on a home. This will make you more attractive to the sellers.
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Real Estate Trivia
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What are the three most common environmental toxins for which homes are tested?
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| A |
Mold, asbestos, and lead are tested by specialized inspectors as a regular part of many real estate contracts. |
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Melinda Estridge
Long and Foster Realtors Bethesda
4650 East West Highway
Bethesda, MD. 20814
Phone: 301-215-6837
Fax: 301-951-7668
Email: melindaestridge@NUMBER1EXPERT.com
Melinda Estridge is in the TOP ˝% of all Realtors in America with over 200 million in Sales. She brings her clients over 20 years of experience. Her service, reputation, and professionalism are well respected. Real estate and homes for sale in Bethesda and Chevy Chase Area of Maryland and Washington DC are her speciality.
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