You run a healthy business. Now you're ready to look at houses, and the mortgage paperwork seems to describe a different business altogether. You can ask why. Let's understand the income calculation before you fall for a house.
Business revenue and qualifying income can be quite different. We look at the filed returns and current business results to understand what income lenders can use. If some of the purchase money is in a business account, we also need to know whether it's available for closing without weakening the business that supports your income.
That work helps us set the shopping range and identify what's still unresolved before an offer. A strong recent month feels good. We still need lenders to establish which income they can use before you make a purchase commitment around it.
If the answer changes during the review, we revisit the home budget while you have room to think. Before changing tax decisions around a hoped-for approval, speak with your tax professional.
If you're selling, self-employment alone isn't a reason to dismiss an offer. We ask whether the income review and closing-funds review support it. Real Estate and Mortgage Strategy Together explains how that preparation fits the offer terms and timing.
You don't need to arrive knowing how lenders will read your business. Helping you understand that is part of the conversation.