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I'm self-employed. How do you verify my income?

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If you're earning money on your own, you'll need to provide income verification when you decide to apply for a mortgage. But it's cool: the mortgage application process is basically the same as borrowers who have 9 to 5 office jobs.

Verifying income is important to the loan pre-approval process. If you're self-employed, we'll need to review copies of your personal and business tax returns for the most recent two years or longer. We'll look at your business' income history so we can get a feel for how much you're earning, and what you're likely to earn in the future.

Here's something else worth reminding you about: We can't consider income that's not reported on your tax returns. So anything off the books won't count.

Being self-employed offers a lot of freedoms. When it comes to getting a home, though, having paperwork ready is nearly 100% of the battle.