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does being self employed make it harder to get a mortgage

Anonymous·21/03/2026·29 views·2 replies·FHBC expert answered
i have been contracting for two years and earn well but worried the bank will see it as unstable. do you need two years of financials or can you use one.

2 Replies

Dustin LindaleFHBC Expert preview6d ago

Yes, being self-employed can make getting a mortgage a little more involved, but it does not mean you cannot get approved. The main difference is that banks usually need stronger proof of income. Instead of payslips, they may ask for things like financial statements and tax returns, and confirmation that your income is stable and ongoing. It can sometimes be harder if your income changes a lot, your business is new,...

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