Self-Employed Mortgage Loan

Today's post comes courtesy of Webcomics.com member John Bogenschutz:

For anybody who draws a comic they have thought about, at one point or another (if not all the time!), wanting to make it their full time job. That’s the goal right? Fortunately, I have been able to do my comic full time for the past year and a half, and I couldn’t be happier.

 

Well, except for the fact that when you are self-employed getting a mortgage loan is even tougher than if you have a “real” job.

 

For the last 5 months my family and I have been trying to get a loan so we can move back to the Cincinnati area, where my family is from and where we will be in a more central location for music education conventions (where I exhibit with my comic). We found out last week that we were denied and told that we should wait another year until we get back our 2013 tax returns (which will show a more favorable return than 2011).

 

I am typing this article for you cartoonists who want to make your living as a cartoonist to help you avoid the same pitfalls I fell into, if you want to get a mortgage loan.

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