Mortgages for freelancers

June 17th, 2007

Getting a mortgage from a financial institution would require you to give them some proof that you are qualified to take the mortgage and that you are not a credit-risk. But what if you are a freelancer or a self-employed individual who earn a lot per month but unable to show how much you can earn? Well, there is a type of mortgage for you and that is where self cert mortgage comes into the picture.

So how does one qualify for self certification mortgages? You would have to go to a mortgage lender and declare your entire income to him as a prospective housebuyer. He will then ensure that what you provided is true and certify you by checking your credit history. Once that is done, you will then be able to apply for your self certification mortgage and obtain it in no time at all.

Sounds simple enough? Its elementary, my dear Watson.

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