Getting approved for a mortgage as a self-employed individual can be challenging but manageable. Key strategies include establishing a self-employment track record of at least two to three years, maintaining a good credit score, and keeping a debt-to-income ratio under 36%. Offering a large down payment can improve loan terms, while showing adequate savings demonstrates financial stability. Providing thorough documentation, including income proof and tax returns, is essential. With proper preparation, self-employed individuals can successfully secure a mortgage loan.
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