Self-employed daycare providers LOVE optimizing their mortgage potential using a stated income mortgage! Running a daycare requires a significant amount of attention, care, and personal investment.
In the end of the day, your business expenses and write-offs shouldn’t drain your opportunity to secure an incredible mortgage.
Running a daycare is tough work – luckily, a stated income mortgage can help you balance out writing off your operating expenses while maximizing your purchasing power for a mortgage.
We’re trusted licensed mortgage brokers and we’ve helped small business owners (just like yourself!) secure fantastic mortgages with a stated income mortgage.
Let’s learn more about how a stated income mortgage can benefit YOU as a self-employed daycare provider below.
You operate a daycare because you care about the children… it’s no surprise that there are expenses which come with running your business.
Some common business expenses you may write-off with your daycare operation include:
Your daycare business expenses add up FAST!
When it comes to getting a mortgage, many self-employed borrowers worry that their tax deductions will be a disservice to what they qualify for.
The stated income mortgage puts a new spin on what it means to secure a mortgage as someone who is self-employed and operating a daycare!
A stated income mortgage considers your income mainly by focusing on your business financial statements. Your income verification is focused less on what you declare to the government, and more on your ‘actual’ earnings with your daycare.
As an ethical solution for self-employed individuals, the stated income mortgage is growing in popularity by helping daycare owners just like yourself maximize their purchasing power.
To dive more into how a stated income mortgage could add value to your mortgage solutions as a self-employed daycare operator, move on over to our ‘stated income’ page!