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If you are self-employed, you know the challenges in getting approved for a mortgage through most of the major banks. There are strict parameters the banks use to determine if you qualify for a mortgage. Unfortunately, many self-employed individuals do not qualify for mortgages as their earned income falls outside of the banks guidelines.
Although being self-employed and running your own business has many perks, getting approved for a loan or a mortgage is not one of them. The application process can be extremely stressful.
