Mortgage "YES" or "NO"

[Misty Cook]

I am self-employed.  Pay my taxes every year. The thing is companies don't want to loan to people like me. They want proof of a monthly or weekly income. So can I get like a first time home buyer loan or startup business loan. 

[Edward Liu]

Both my wife and I are self-employed, it is not a problem getting loans, as long as you have at least 2 years of data doing the same thing and showing good income.  At least 2 years of tax returns.  Obviously it helps if you have high net worth.

2nd option is purchase multi-plex with more than 4 units, thus commercial loans (not personal loans).  For commercial loans, their approval depend more on the value and cash flow of the property.  Your high credit score would help, but loan is more tied to the property income, not your income.  Terms of commercial loans are different, usually review by bank every 5 years.  Try to understand it first before sign on.