10/20/2026
🚨PLANNING TO BUY A HOUSE? HOLD UP BEFORE YOU FILE THOSE TAXES! 👀
LET'S TALK ABOUT SOMETHING IMPORTANT!
Did you know the way you file your tax returns could affect your ability to qualify for a mortgage? 😳 Especially if you're SELF-EMPLOYED! Some of y'all are focused on getting the biggest tax refund or paying the least amount of taxes, but you're also planning to buy a $250,000–$350,000 home! 🏡
LET ME EDUCATE YOU REAL QUICK! 👇🏽
✅ DO report ALL your income accurately.
✅ DO keep good records of your business income and expenses.
✅ DO tell your tax preparer if you're planning to purchase a home.
✅ DO speak with a mortgage lender BEFORE filing if you're planning to buy soon.
❌ DON'T assume your gross business revenue is what lenders will use to qualify you.
❌ DON'T invent or inflate deductions just to reduce your taxes.
❌ DON'T assume a large tax refund means you'll qualify for a large mortgage.
❌ DON'T wait until you're under contract to find out your qualifying income isn't enough!
🚨 HERE'S THE BIG ONE!
If you're self-employed, lenders often look at your income AFTER business expenses, with certain adjustments depending on the loan program. That means your tax returns can show strong business sales but much lower qualifying income! The goal is to file correctly AND understand how your taxes affect your homebuying plans!
🏡 LET'S PLAN BEFORE YOU PURCHASE!
I'm not just here to help you find a house. I'm here to help you understand the process!
📲 MESSAGE ME! Let's get you prepared for homeownership! 🔑❤️
