When self-employed, you can be very eager to take advantage of every tax deduction that can come your way. However, while those deductions are available and can be beneficial to you now, being clear how those deductions affect your purchasing power for buying your dream home is important.
In this week’s Mortgage Monday post, we discuss just this and how to better understand how your income and deductions are being reported. Click here to see the full article “Purchasing Power and Self Employed Tax Deductions”.
And if you have any other questions about how being self-employed impacts your ability to buy a new home, contact one of our home purchase experts.
This column takes a look at current mortgage rates, market trends and indexes. Jon Lamkin is Vice President of Mortgage Lending for Guaranteed Rate, 322 Route 46 W Suite 170 • Parsippany, NJ • 07054. He may be reached at 973.939.8661 / firstname.lastname@example.org / www.guaranteedrate.com/jonlamkin
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