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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Margery Jordan
Intracoastal Realty
1900 East Wood Rd Suite 38
Wilmington, NC 28403
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Direct: 910-509-7414
Toll Free: 866-509-7414
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MargeryJordan.com

Margery�s Philosophy: My real estate philosophy is different from other realtors. I focus 100% of my efforts on providing the most qualified, economical, and satisfying service to each of my clients. With strong attention to detail, I work to solve any issues quickly and efficiently, making each closing a pleasure for my clients. As your guide, you can depend on my expertise, determination, and integrity to help you purchase your new home or sell your current one. Contact me today, and we'll work together to fulfill your goals!