Publisher's Synopsis
Buying a home as a self-employed business owner comes with unique challenges-but it's far from impossible. Homebuying Secrets for the Self-Employed is the ultimate guide to navigating the mortgage process, structuring your finances, and leveraging real estate to build long-term wealth-all while keeping the tax benefits of self-employment.
Jason and Emily, a thriving self-employed couple, believed they were financially strong enough to buy a home-until their mortgage application was denied. Like many business owners, they had optimized their taxes to minimize liability, but their deductions made it appear as though they didn't earn enough to qualify for a mortgage. Frustrated but determined, they turned to The Mortgage Evangelist, an expert in self-employed mortgages, who showed them how to think like a lender, structure their finances correctly, and use specialized loan programs designed for business owners.
Through their journey, this book reveals the step-by-step strategies self-employed buyers need to succeed, covering:
✔ Mindset & Preparation - Understanding how lenders evaluate self-employed income, stabilizing finances, and preparing documentation.
✔ Mortgage Programs & Lending Secrets - Discovering self-employed loan options, including bank statement loans, DSCR loans, and 1099-only mortgages that bypass tax return issues.
✔ Credit Secrets - Strengthening your credit profile, avoiding mistakes that lower your score, and using rapid rescore strategies.
✔ Down Payment & Cash Flow Secrets - Using business funds, seller concessions, and down payment assistance programs strategically.
✔ Income & Documentation Secrets - Structuring your pay correctly to maximize loan approval and understanding how tax write-offs affect mortgage eligibility.
✔ Home Search & Negotiation Secrets - Finding the right home, negotiating the best deal, and securing seller concessions to reduce costs.
✔ Tax & Financial Secrets - Using real estate to lower taxable income, leveraging a HELOC for business funding, and maximizing homeownership tax benefits.
✔ Final Steps & Closing Secrets - Avoiding last-minute mortgage mistakes, reviewing closing disclosures, and ensuring a smooth home purchase.
Each chapter ends with a "Working It Out" section, guiding readers through actionable steps to apply what they've learned to their own financial situation.
This book is more than a mortgage guide-it's a blueprint for turning homeownership into a wealth-building strategy. With expert insights, real-world examples, and practical tools, Homebuying Secrets for the Self-Employed gives business owners the knowledge and confidence to buy the right home, secure the best loan, and unlock the financial benefits of real estate.
