Three Ways To Show Proof Of Income If You're Self-Employed

Описание: I'm Kenny Simpson, a mortgage broker with over 20 years of experience and a track record of helping over 5,000 clients fund more than a billion dollars in loans. On this channel, I dive into everything you need to know about mortgages, home buying, and refinancing—specifically from the perspective of self-employed borrowers.

In today's video, we're covering:
"Three Ways To Show Proof Of Income If You're Self-Employed"

If you're self-employed and thinking about buying a home, showing proof of income can be a bit tricky. Luckily, I've got you covered. I'll break down the three most common ways you can show income in today's market, including:

1. Tax Returns: How you can use your personal and business tax returns to qualify for a mortgage.

2. Bank Statement Loans: A breakdown of how we use your business and personal bank statements for mortgage qualification.

3. Profit & Loss (P&L) Statements: How a detailed P&L from your CPA can help you qualify for a loan even without traditional tax returns.

Key Takeaways:

1. Learn the difference between using tax returns vs. bank statements.
2. Understand how business income is calculated for self-employed individuals.
3. Get insights into how P&L statements can help with mortgage approvals.
4. I also share some expert tips on how to maximize your chances of qualifying for the best loan terms and when it’s the best time to reach out for professional advice.

Need more details? In upcoming videos, I’ll dive deeper into each of these topics to help you navigate the mortgage process with ease.

If you’re loving these insights so far, give a thumbs up, hit subscribe, and let's chat in the comments.

BOOK A CALL WITH KENNY: https://calendly.com/kennysimpson/
APPLY NOW and Work Directly with My Team: https://www.c2financialco.com/apply-now/
Sign Up For My Free Newsletter: https://lp.constantcontactpages.com/su/jeb...
First-Time Homebuyer Guide: https://kennystore.my.canva.site/purchase#...

More ways to connect with me 👇
I'm also on Instagram: @kennysimpson
LinkedIn: http://linkedin.com/in/kenny-simpson-32210348
TikTok: https://www.tiktok.com/@kennyb.simpson
NMLS #310335
C2 Financial Corporation MLS #135622

Listen to my latest podcast👇
Spotify: https://open.spotify.com/show/3EariTNBqAPS...
Apple: https://podcasts.apple.com/us/podcast/get-...

Timestamps:
0:00 - Introduction
0:11 - Tax Returns: How to use them to qualify
1:30 - Bank Statement Loans: How they work
2:52 - Profit & Loss (P&L) Statements
3:50 - Bonus Tip: Reviewing Your Tax Returns Ahead of Time
5:03 - Final Thoughts & Next Steps



Sure! Here are some hashtags you can use to help boost discoverability on YouTube:

#MortgageTips #SelfEmployedHomeBuyer #MortgageBroker #HomeBuyingTips #ProofOfIncome #BankStatementLoans #TaxReturnMortgage #RefinanceTips #SelfEmployedMortgage #HomeLoanAdvice #RealEstateTips #PANDLStatements #MortgageHelp #HomeOwnership #MortgageEducation