How Do Self-Employed People Apply for a Mortgage?

We have Ronald Stanley here again with mortgage tips! 

So not everyone is a W-2 employee.

Here are some products the self-employed/entrepreneurs can utilize when applying for a mortgage. 

One of the biggest concerns with people who are self-employed is they make a lot of money but they're able to take advantage of their write offs. 

And sometimes it is a disadvantage to write off a whole lot of stuff when you are applying for a traditional bank loan. 

At Guaranteed Rate, they have programs where basically they can qualify you off of your bank statement deposits. 

Bank statements is a popular product for people who are self-employed or are entrepreneurs.