Any Self Employed Bees out there? How do you get a mortgage?

posted 3 years ago in Career
Post # 3
10452 posts
Sugar Beekeeper
  • Wedding: January 2011

@Mrs.Metalm:  Here, there are brokers who deal with self-employed people.  They recommend coming to them well in advance (for free), because their are things that can be done at tax time that will help with a mortgage in the future.

I don’t know if it works like that there to the same extent, but it’s worth looking into!


Post # 4
3280 posts
Sugar bee
  • Wedding: June 2014

You have to submit the company’s tax report which lists income and taxes, along with your personal bank account statements. Depending on how long you’ve run it they can either use an average income or wait until it’s been established longer. 

Post # 5
251 posts
Helper bee

I’m self employed and from what I’ve researched in general it they want 2-3 years worth of tax returns. I decided it was easier to just save up and buy a small fixer upper instead cash. 

Post # 6
2916 posts
Sugar bee
  • Wedding: April 2014

I was also self employed until recently. I agree with the PP, they wanted 3 years of tax returns. My accountant laughed in my face when I told him we wanted to buy a house because it was virtually impossible when you are both self employed. I was the main reason we decided to work for a corporation.  I wish you luck, it’s an uphill battle but I’m sure you can figure something out!


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