If you have enough down payment for the property in question, and if you have income proof for several years, that you are self employed and making a regular substantial income, a lender will evaluate your
income, your credit and all other of your expenses (credit cards, auto loans etc.) and then make a decision to give you a loan, and for how much and the loan amount they would grant you based on
all those facts. Your very best way would be to sit down with a local reputable lender- put all the details in front of them, bring your tax returns from several years and let them know about all your other expenses as mentioned above...
And see what they are willing to allow you to borrow etc.
If you need a recommendation for a good lender in the city, let us know, it is with the lender you need to start before connecting with a good local Realtor, your personal Buyers Agent, who will help you to
buy a property within your means! If you need a recommendation for a good Realtor and a local Lender e-mail me and I forward them to you via e-mail as well.
Edith YourRealtor4Life & Chicago and Northern Illinois Expert
Working always in the very BEST interest of her clients, Buyers, Sellers and Investors alike....
And always with a SMILE ïŠ
Covering for @Properties the city of Chicago, all N and NW suburbs, the fine homes on the
North Shore, and many of the W and SW suburbs, and with her trusted Partner Agents all of
the US and worldwide properties. Edith speaks French, German, some Spanish and other.....
@Properties ---- EdithSellsHomes@gmail.com
Check out my website at htttp://tinyurl.com/YourRealtor4Life
HAVE THE MOST WONDERFUL DAY :)