Self-Employed? Don't Let the Bank Tell You No
About this episode
Kenny Simpson discusses mortgage options for self-employed individuals and why they are often denied by traditional banks.
Being self-employed shouldn't stop you from buying a home. In this week's Brief, Kenny Simpson explains why so many business owners are denied by traditional banks, and the mortgage options that could help them qualify. In this episode, we discuss: Why self-employed borrowers are denied more often Bank statement loans 1099 loans Profit & Loss (P&L) loans Asset-based lending DSCR loans for investors How mortgage brokers access more lending options than most banks What you need before applying If you're an entrepreneur, freelancer, contractor, or business owner, this video will help you understand the options available today.
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