Some Brokers and Bank reps say its more difficult to finance Self Employed clients.
I would agree that there is more work involved but fundamentally nothing has changed.
Being prepared and understanding the Lenders Polices and paperwork will still get you up to 75% financing. You need your NOAs and T1 Generals right up front. A 2 year average income will be used.
We also have the B Lenders who will do these deals for a higher rate to compensate for the perceived risk of no income proof. You can get up to 80% financing here.
As always use an experienced Broker to get the best results
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