It is difficult to get your mortgage loans approved when you are self-employed or you’re in the informal job sector. It is because of the unspoken bias against the self-employed as well as new entities and companies experiencing a bad year, or those with seasonal income. Conventional lenders are sceptical about approving their loan applications because they are considered as high-risk borrowers. While employees in established companies can provide employment records, and established business present income tax returns for the past three years—you may not have the financials to prove your income. Corporations who suffered from losses and new entities … Continue reading Simple Guide to Low Doc Loans that Banks Won’t Tell You