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5 Tips for Obtaining a Mortgage if You’re Self-Employed




Being self-employed can be a great way to make a living, but it also has its own unique set of challenges. One of the biggest is obtaining a mortgage. Many lenders are wary of self-employed borrowers because they don’t have the same income stability and proof of income as those with regular 9-to-5 jobs. However, that doesn’t mean taking out a mortgage is impossible if you’re self-employed. You can do some things to improve your chances of getting a mortgage, including using non-traditional lending. Here are five tips to help you on your journey and some alternative credit examples.

Know Your Credit Score 

One of the first things to do when applying for a mortgage is to understand your credit score. Lenders will look at this number to determine how likely you are to pay back your loan in full and on time. A good credit score (typically anything above 600) will give you an edge when applying for a home loan, so make sure you know where you stand before diving into the application process. You can check your credit score online for free or purchase one from one of the major credit reporting bureaus like TransUnion or Equifax. 

Gather Your Paperwork 

Before applying for a loan, ensure that all of your paperwork is in order and easy to access. This includes everything from tax returns and bank statements to business licenses and profit and loss statements. Having these documents ready will speed up the application process significantly. Lenders won’t have to wait around while you scramble to find them. 

Prove Your Income Stability 

Since lenders need assurance that they’ll be paid back in full, having proof of income stability is key when applying for a mortgage if you’re self-employed. Most creditors will require two years’ worth of tax returns along with any other paperwork that proves your ability to pay back money owed (such as business licenses).

Try to provide evidence that shows your income has been steadily increasing over time. This helps demonstrate financial responsibility, which can significantly boost your approval chances.  

Show Proof Of Assets And Liabilities 

In addition to proving income stability, lenders may also want proof that you have enough assets available should something happen, and payments need to be made late or missed altogether. This could include savings accounts, investment portfolios, etc. Also, showing them any liabilities such as loans or other debts owed could show them that while these obligations exist, they aren’t too large, where they would interfere with making payments on any new mortgages taken out.  


Look Into Non-Traditional Lenders 

Suppose traditional lenders such as banks are not approving your loan applications due to a lack of income verification or low credit scores. In that case, consider looking into alternative lenders, such as online lenders or private investors, who offer different types of loans with more flexible requirements than traditional banks do. These types of lenders often have fewer restrictions when it comes to approving applicants who cannot provide two years’ worth of tax returns or have lower credit scores than what banks typically prefer. While these alternative credit examples can come with higher interest rates than those offered by traditional lenders, they could still be beneficial in helping you obtain financing if other options are not available. 


Getting approved for a mortgage if you’re self-employed can be difficult but not impossible. By following these tips, you’ll be well on your way toward achieving homeownership quickly and securely. Success when applying for a mortgage as someone who is their own boss won’t be too far behind.

The idea of Bigtime Daily landed this engineer cum journalist from a multi-national company to the digital avenue. Matthew brought life to this idea and rendered all that was necessary to create an interactive and attractive platform for the readers. Apart from managing the platform, he also contributes his expertise in business niche.

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Outsourcing Front-End Development Services: Insider’s Guide




Outsourcing front-end development services has become increasingly popular in recent years as companies look to access specialized skills and expertise, and save on labor costs. According to the Global Outsourcing Survey made by Deloitte, the top reasons for outsourcing front-end development are to access specialized skills (57%), cost savings (50%), and to free up internal resources (49%).

This article will cover some frequently asked questions (FAQs) in a Q&A way to help you make an informed decision when considering outsourcing front-end development services. We’ll address concerns such as how to find the right vendor, how to communicate effectively, and how to manage the project to ensure success. By the end of this article, you’ll have a better understanding of the considerations and best practices for outsourcing front-end development services.

What is front-end development?

Front-end development, or client-side development, refers to designing and implementing a website’s or application’s user interface (UI). It involves creating the layout, visual design, and interactive features that users interact with when they visit a website or use an app.

Front-end developers use a variety of programming languages and technologies to build the UI, including HTML, CSS, and JavaScript. They also need to have a strong understanding of user experience (UX) design principles and be able to create visually appealing and intuitive interfaces that meet the needs of the target audience.

Front-end development plays a crucial role in the user experience of a website or application, and it’s an essential part of any digital product. The work of a front-end developer often intersects with that of a UX designer and a back-end developer.

Why should I consider outsourcing front-end development services?

As mentioned in the intro, there are several reasons why outsourcing front-end development services may be an excellent option for your company. One of the main reasons is cost savings. Outsourcing is often more cost-effective than hiring in-house developers, especially if you only need front-end development services for a specific project. 

Also, a company can benefit from a vendor’s specialized skills and experience and the ability to scale its development resources as needed. This can be especially useful for companies with fluctuating project demands or in need to quickly ramp up or down their development efforts.  

In addition, outsourcing front-end development can allow a company to focus on its core competencies and improve the overall quality of the product, as well as save time by delegating the development work to a vendor. 

How do I find the right front-end development company to work with?

Finding the right front-end development company to work with is crucial for a successful project. Start by defining your project goals, timelines, and budget, and research potential vendors with experience in the technologies and frameworks relevant to your project. 

Review the company’s portfolio and case studies to get a sense of their past work and the types of projects they have experience with. Glassdoor, Trustpilot, LinkedIn, GoodFirms or Clutch are some platforms to do this. Consider the company’s culture and values. You can also request references and speak with past clients to get an idea of the company’s track record and how well they handle challenges like yours. 

What should I consider when choosing a front-end development company?

There are several factors to consider when choosing a front-end development company. Technical skills and experience are crucial, as the company will be responsible for building and implementing the UI of your website or application. Check if the company has experience with the technologies and frameworks you need for your project.

Effective communication and collaboration are also essential. Verify that the vendor has a track record of working well with clients and can effectively communicate and collaborate with your team. Cultural fit is also important, as you will be working closely with the vendor for the duration of the project. It’s a good idea to have a face-to-face or video call meeting to get a sense of the company’s culture and see if it aligns with your own.

Finally, consider the company’s pricing and business model. Make sure the company is transparent about its rates and fees and that they align with your budget. Also, consider whether the company offers flexible pricing options or packages that may be more suitable for your needs.

Once you’ve narrowed down your options, it’s a good idea to request proposals from a few different vendors. This will allow you to compare and contrast their approaches and determine the best fit for your project. 

Bringing it all together

In summary, outsourcing front-end development services can be an easy, cost-effective, and efficient way to access specialized skills and expertise. By carefully considering factors such as technical skills, communication and collaboration abilities, cultural fit, pricing, and business model, you can find the right vendor to meet your needs and achieve success with your project.

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