The world keeps changing. It’s alarming as to the rate that the wheels are spinning. You don’t have to make yourself work in a conventional office space at a desk job with a salary to make a living these days. You can simply take your chosen career and choose to be your own boss. The Internet and other digital innovations have made this power moves possible. However, what about making another power move such as purchasing a home? You may not be able to buy one straight off the bat. You will probably need a mortgage to make it all possible. The banking systems have innovated and become more accommodating, but it seems like they are cracking down when it comes to mortgages not loosening up. The following are some tips to make getting your mortgage as a self-employed person a little bit more likely as well as palpable.

1. Prove You Have a Nest Egg

The banks will have to look at a few extra things when you’re self-employed. In fact, you may feel like they are going through your finances with a fine-toothed comb. They are doing just that. You can help them feel like you’ll be less of a risk of defaulting if you can show them you have some healthy savings. They will want to know that aside from being able to pay your down payment, you will also be capable of being able to cough up the monthly payments even if you have some slow business or even no business those four weeks.

2. Get Yourself Audited

An audit can be such a dread for some people. It’s an annoying task that requires a lot of bravery. You have to be sure that you have your ducks in a row too. However, as a self-employed person, you will want to let the bank do one on you. They want to make sure that you’re getting the income that you say you are. It would probably be easier at this point to just pull out a W2, but if you don’t have one, you’re going to have to go about it through the old-fashioned audit route.

3. Give out References

This part is all sounding like a job interview. However, the banks don’t know that you’re a successful maven or maverick at what you do just through your title. They will probably want to speak with some of your clients. This can ensure that you show them you’re running a business that will last. If you have clients that are high profile or ones you worked with for a long time, this is a great way to prove you’re business will likely stay the course. Make sure that you ask your clients first though before you hand out their names to the bank. They might be very confused as to why a third party is calling on your behalf.