We have Sicilee Williams, a loan officer at Intercap Lending with us today. Sicilee specializes in working with self-employed clients looking to secure a loan for their homes. She feels that entrepreneurs are passionate and hard-working individuals and enjoys working with them. Although there’s a bit more planning to get a home loan when you’re self-employed, Sicilee has resources for her clients to prepare all the documents they need to apply for a home loan.
She recommends that consumers educate themselves on the home buying process. Many times self-employed business owners will reduce their net income to pay fewer taxes. However, this reduces their overall income, which puts them at a disadvantage for a home loan.