Being self-employed gives you freedom, but also requires extra preparation when buying a home. Here’s how to set yourself up for success:
✅ Keep finances separate – Use a dedicated business account so lenders can clearly see your income and expenses.
✅ Watch your deductions – Claiming every expense can reduce your reported income, which lowers your buying power.
Worried about overlapping rent and mortgage payments? With smart planning, you can minimize costs during the transition to homeownership.
Here’s how it works:
Heard the term rate buydown and wondering what it actually means? 💸🏡
A rate buydown is when you (or sometimes the seller!) pay upfront to temporarily or permanently lower your mortgage interest rate. It can help make your monthly payments more affordable—especially in a high-rate environment.
Should you consider one? It depends on:
✅ How long you plan to stay in the home
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