< Back to Home Equity Loans Center

About Answers! Yahoo! Answers

smiling_chicka

How does home equity loan qualification works if you’re self employed?

asked by smiling_chicka - 1 Answer

I am self employed and want to get qualified for home equity loan. What are the qualifications lenders look at. What do I need to show them and have? Been trying to find out on the net, but can find any good resources. If you know any and dont mind sharing would be awesome. Thanks!!!

Steve D

Best Answer by Steve D

You will most likely be required to show two years of IRS filings to prove income. Everything else is basically the same as applying for a first mortgage - house appraisal, savings/checking account statements, credit reports and scores, etc.

See more Questions about Home Equity Loans

Ask a question and get answers from real Yahoo! users.

Find an Answer

Enter a keyword below to find questions and answers from real people

Related Yahoo! Services:
Jobs - Personal Financial Advice
Some Yahoo! Real Estate information is provided by our trusted partners.
However, Yahoo! does not guarantee the accuracy or completeness of any third party content.
Yahoo! does not evaluate or guarantee the accuracy of any Yahoo! Answers content and shall not be responsible
or liable for any investment or financial decisions based on such information. Click here for the Full Disclaimer.