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Real Estate Tips
Financing Your Home >If You Are Self Employed

There's no question that it could be more difficult for you to get a mortgage loan if you are a free lance viola player than if you are a government accountant. Traditionally, lenders have been more cautious when evaluating loan applications of buyers who are self-employed than people who work for a regular salary.

However, if you are self-employed, there is no reason for you to shy away from applying for a home mortgage loan, especially if your earnings have been in the same field for at least two years. It is a good idea to meet with one or more loan officers before you begin your search. They will probably want to analyze your tax returns for the past 2 or 3 years, keeping in mind that many self employed people can look impoverished on paper, since you can write off some expenses that salaried individuals can not. Try to get pre-approval from the lender, and ask for a letter stating that you have pre-qualified for a loan which your real estate agent can attach to any offer you submit on a home. This will make you more attractive to the sellers.

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Real Estate Trivia
Q 
Where are the highest median price homes in the United States currently located?

A 
According to the NAR, the highest median price in the second quarter of 2005 was $726,900 for homes in California's San Francisco Bay area.
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TeamHolly-would, REALTOR®, real estate agent and broker for Charlotte, Waxhaw and Fort Mill, North Carolina home listings, property and land for sale - NUMBER1EXPERT(tm)

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Keller Williams Realty

3430 Toringdon Way, Suite 101
Charlotte, NC 28277
Direct: 704-502-7744
Fax: 704-909-3823
Holly@TeamHolly-would.com

Holly Pasut,Broker, NC/SC, GRI, CLHMS. and Certified Luxury Home Marketing Specialist. Holly's awards for 2008 are the GOLD Award for Gross Closed Volume, theSILVER Award for Gross Commission Income, theSILVER Award for Gross Closed Units and the Medallion Award- GOLD Closed Production

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